The Biggest Recruitment Trends of 2024

2024 has arrived and so have the new trends. These trends will yet again challenge companies across industries to shift and adapt their ways in order to navigate through challenges. This includes the recruitment section as well.

Last year, 10 to 20% of the workforce within tech companies was reduced. However, as the year 2023 ends, 57% of hiring managers plan to add new permanent roles in the first half of 2024. It is also forecasted that companies are looking to bump up investment in recruitment tools and technologies related to hiring activities. [1] This is only an example of signs of change that will reshape the recruitment industry this year. To help you get a firm head start, let’s take a look at the biggest recruitment trends for the Year of the Dragon.

2024 Recruitment Trends You Should Know About

1. Returning to the Office

Yes… Looks like many people will have to say goodbye to their ‘Work from Home’ benefits. 90% of companies across the US are aiming to bring the return-to-office plans by the end of 2024. Wait… There’s more. Leaders around the globe forecast that the full office-working state will be back by 2026. [2]

For recruiters out there, this means that you have to prepare for the changing expectations and preferences of candidates. Some may prefer a hybrid model of work, where they can split their time between home and office. Others may want more flexibility and autonomy in their work schedules. It is important to communicate clearly with candidates about the work arrangements and benefits that your company offers. You also need to ensure that candidates on your list have the skills and mindset to adapt to the new normal of work.

2. AI Taking an Even Bigger Part in the Process

It’s no secret that Artificial Intelligence has been transforming the recruitment process for quite some time now. But in 2024, it will take an even bigger part. 63% of TA professionals agree that AI comes in to make their days easier by improving their hiring efficiency which enables them to make better and faster decisions. [3] It’s not a surprise that HR leaders are looking to ramp up the use of automation with AI to streamline and optimize their hiring activities.

Save to say that now, more than ever, is the perfect time for recruiters to study AI and understand what it can and cannot do. Keep in mind that AI is a tool that helps augment your human judgment and intuition, not to replace it. So, make sure that the AI that you use is ethical and transparent. Also, respect the privacy and consent of the candidates while using these tools.

Still looking for a perfect recruiting tool? Why not give Manatal a chance? Driven by AI, Manatal comes with many features that automate your hiring process and get things done within a few clicks. For example, you can shine a spotlight on candidates who are likely to fit your open roles the most with Manatal’s AI Recommendations. Manatal even makes your hiring easier with its Collaboration & Activities feature which enables you to interact with hiring managers in real-time via a messaging function.

Combined with its reasonable starting price of $15 per user/ per month and the fact that you can even try Manatal out for 14 Days without any payment required, it’s not far-fetched to say that Manatal is an AI-driven tool worth your investment.

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3. Internal Mobility & Retention

One of the biggest challenges that recruiters may face in 2024 is the talent shortage. It is reported that there will be a global talent deficit of more than 85 million workers by 2030, resulting in $8.5 trillion in lost annual revenue. [4] This means that recruiters will have to fight harder for the best talent.

However, instead of focusing only on external hiring, recruiters should also look within their organizations. Internal mobility and retention are key strategies to fill talent gaps and retain talent. You can start by working closely with the managers and the employees to identify the growth potential and provide them with opportunities for upskilling and professional development. This way, you can tap into your company’s existing talent pool, reducing recruitment costs and improving employee retention at the same time.

4. DE&I Still Going Strong

Diversity, equity, and inclusion (DE&I) have been hot topics in the recruitment industry for years, and it still going strong in 2024. A majority of HR leaders revealed that their companies are prioritizing diversity hiring this year. [1] On the candidates’ side, over 80% of them are looking to work for an organization that values diversity, equity, and inclusion. [5] This shows that DE&I is not only a moral imperative but also a business imperative.

To ride along this trend, you should source candidates from underrepresented groups, revisit job descriptions and requirements to eliminate bias, partner with organizations that support diverse talent, and create an inclusive culture, where everyone feels valued, respected, and empowered.

Conclusion

The recruitment industry is constantly evolving and changing, and 2024 is no exception. It’s important to keep up with the latest trends and challenges and adapt your strategy and practices accordingly. By doing so, you will survive the Dragon’s fire and thrive.

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Citations:

1. Forbes

2. Forbes

3. LinkedIn

4. Korn Ferry

5. CNBC