Global Talent Predictions for 2024

The world of work is changing rapidly. As we enter 2024, companies and recruiters need to understand the key workforce trends shaping the global talent landscape. Being prepared with data-driven insights will allow recruitment agencies like Stanley Mac to better guide employers in sourcing and retaining top talent in the years ahead. Here are some of the major global talent predictions to keep in mind for 2024 and beyond.

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1.Data-Driven Recruiting With AI

AI and automation will become bigger game changers for recruiting. AI can help source, screen and assess candidates at scale to remove hiring biases and find the best people faster. For example, chatbots can automate candidate communication while machine learning algorithms can analyze resumes and predict culture fit.

Recruiters should embrace AI and platforms that integrate predictive data analytics into hiring. Partnerships with HR tech providers will enable access to the latest AI recruiting tools to stay competitive in 2024.

2.The Rise of Gig Workers

The gig economy will continue growing as both employers and workers embrace flexibility. MBO Partners predicts that gig workers could make up 50% of the US workforce by 2028. Industries like IT, marketing, healthcare, finance and logistics will see high demand for contract talent. For recruiters, having access to verified freelancers and contract workers in niche skill sets will be valuable for employers seeking targeted talent on demand. Developing private talent pools and partnerships with gig platforms can enable access to flexible talent.

3.Focus on Skills, Not Just Degrees

Skills-based hiring will gain more prominence in 2024. With rapid digitization, employers are prioritizing niche skill sets over formal education credentials alone. Recruiters will need to take a more holistic approach in assessing candidates' skills, experience, and ability to learn on the job. 

Utilizing skills tests, reference checks, portfolios and assessments early in the hiring process will be important. Being open to non-traditional educational backgrounds while screening for role-specific skills will enable access to more qualified candidates.

4.Focus on Retention and Engagement

With the Great Resignation set to continue, talent retention will be a top priority for HR managers in 2024. Companies are investing more in training, upskilling, diversity programs, and benefits like mental health support to engage and retain their workforce. 

Recruiters need to partner with employers to understand their culture, workplace policies, career development opportunities, and employer brand messaging to attract and retain suitable talent that aligns with the company's values and priorities. Retention-focused hiring will be key.

The future of work is still evolving. As a trusted talent advisor, Stanley Mac can prepare employers to source, hire and retain the best global talent in 2024 by leveraging workforce analytics, talent networks, and AI-powered recruiting tools. Let us know how we can help you build productive, engaged teams positioned to thrive in the years ahead.