In today’s economy, staying on top of the latest trends in hiring and recruiting is a must for any employer. Our friends at Swipeclock asked the leaders of small-to-midsize businesses to weigh in on their hiring plans and what the landscape looks like for them in 2024.
Check out the 2024 survey results, plus get insights into the tools that can help you improve how you find and bring on talented, qualified individuals.
In most industries, hiring has become a bigger challenge than ever before. Unemployment levels have dropped to record lows across the nation, and the number of job openings is higher than the number of people looking for employment. Talent is also harder to recruit and retain, putting smaller companies at a disadvantage if they can’t compete with larger organizations regarding compensation and benefits.
Staying on top of these challenges can help hiring teams determine what to expect when sharing and trying to fill an open role. Additionally, insights into current recruitment and hiring trends in 2024 can help you adjust your recruiting efforts to take different avenues or use tools and technology that integrate with your HR tech stack.
Now to get to the good stuff—here are the responses to each category of question asked and the top hiring trends in 2024.
When asked how they foresaw the recruiting and hiring process going in 2024, roughly two-thirds of company leaders indicated they were ready to start hiring. 28% reported planning to bring in a few new hires, while 6% indicated that a hiring freeze was in effect.
Remote work is also a factor for many job seekers, particularly those who want flexibility or are looking for jobs outside of their physical location. However, the responses to our survey indicated a different outlook: 63% of the workforce is fully back in the office. Nearly a third reported a hybrid schedule, while 6% of employees are fully remote.
On the hiring side, 43% reported they are not hiring remote workers at all. One-fifth of those surveyed stated that hiring remote employees is still an option, while the remaining indicated that working from home didn’t apply.
A small percentage of respondents (3%) said that employees who had to return to the office after working remotely are seeking remote jobs elsewhere. Approximately one-fourth said the response to coming back to the office was a mixed bag, while about 14% said their workforces were fine with the return.
But here’s something worth considering: Over half of those surveyed said that the work environment (hybrid/remote/in-person) is a significant factor in whether applicants accept or decline offers of employment. If hybrid or remote work is an option for roles you plan to fill, it may be easier to get top talent if you provide a flexible work location as a benefit.
It’s no secret: Members of the workforce want their employers to provide access to a healthcare plan. But what else do they want?
Finding talent is hard enough. When you locate a great fit for an open position, what happens next?
Just over a quarter of hiring professionals utilize personality assessments during pre-employment screening. By contrast, more than 90% run background checks before hiring a new employee. And 74% report that they do not rely on artificial intelligence in the recruitment process, claiming that having “human eyes” at every stage is a must.
When you find and hire a skilled individual, the next step in the process is ensuring they are set up to thrive in their new role. Employee retention is a struggle across all industries. Employers report the following actions to boost rates and keep employees around and happy in their jobs:
About a third of employers plan to implement all of the above tactics, while just under 10% are making no changes to boost retention rates.
With a firm grasp of recruitment and hiring trends to expect in 2024, you can make adjustments in how you find and hire quality talent. Utilizing all the tools and technology available to you is an important first step.
If you’re in the 26 percent of companies not using an applicant-tracking system, now is the time to implement one. Verified First partners with WorkforceHub by Swipeclock to help small and midsize businesses like yours recruit and retain top talent. Your organization can take advantage of accessible job boards, job description templates, surveys, and tools that keep your team organized. Plus, onboarding new hires is a breeze, even if they work remotely.
Verified First integrates with WorkforceHub via browser extension, so you can transform your hiring in minutes! With this one-click integration, WorkforceHub users can easily order, review, and manage Verified First's background screening solutions all within the WorkforceHub platform.
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