5 key hiring trends for 2024

Hello and welcome to the last edition of Cut the BS for 2023! ??

It has been a year of recovery and immense change: economies have, so far, avoided a recession, and many companies are beginning to turn their focus back towards growth.

With growth comes hiring and with hiring comes growth, so – what will hiring look like in 2024?

Below we break down 5 key hiring trends for the coming year. All of them, we hope, will take employers closer to cutting the bias and stress out of their hiring processes.

Adoption of skills-based hiring set to increase ??

The adoption of skills-based hiring has been increasing year on year since its inception; our data shows that 73% of employers are using skills-based hiring in 2023, an increase of 17% from 2022.

Our survey data also shows that:?

• 60% of employers expect their budget for skills-based hiring to increase over the next 12 months, and only 4% of employers expect their skills-based hiring budget will decrease.
• 58% of employers say they will use skills-based hiring more than they did in the last 12 months, and only 8% of employers say they will use skills-based hiring less often.

With these figures in hand, it’s safe to say that skills-based hiring usage will increase even more in 2024.

Soft skills will be imperative to hire for ??

91% of employers told us this year that soft skills are more important than they were 5 years ago – up from 74% in 2022.

You’ve heard it all before, but now’s the time to listen: soft skills are more important than ever, and they really will be imperative to hire for in 2024.

An overwhelming majority of the employers we surveyed in 2023 agree that they’re more important than they were 5 years ago, and 2024 is the year to double down on them for good.

?? For more information, read our blog about soft skills and how to assess them .

DE&I will be an objective for every organization??

85% of employers reported that diversity is an objective for them in 2023.

This is up from 77% in 2022. Since awareness of social justice and the need for DE&I in the workplace is steadily rising, we predict that every organization will have some form of DE&I objective in 2024.?

What does this mean for hiring?

In short, we expect that more and more companies will begin to think of their hiring processes as a part of their DE&I initiatives.

This means using hiring tools and strategies that promote equality of opportunity, and it might look like:

• Removing degree requirements
• Tapping into immigrant talent pools
• Fostering diversity in leadership roles

Crucially, a move towards hiring for skills, rather than education or experience, will also support DE&I objectives in 2024.

Prepare for more Gen-Zers in the talent pool ?

In 2024, more Gen-Zers will be entering the workforce and the talent pools that employers are hiring from, especially for entry-level roles.

In fact, Gen Z is on track to represent about 27% of the workforce by 2025.?

More whip-smart, tech-savvy, forward-thinking digital natives to join the ranks? Yes, please!

Here are a few things to keep in mind for hiring Gen Z talent in 2024:?

• Workplace diversity is important to Gen Z job seekers
• Gen Z needs different recruitment tactics than previous generations

Even more disruptive tech ??

Finally – and probably least surprisingly – employers can expect even more new and disruptive tech in 2024.?

AI took the world by storm in 2023, and 2024 is the year companies will need to establish how they want to work with, and innovate alongside AI.

Here are 3 questions employers can ask themselves:

1. What does it mean to hire for skills in the era of AI ?
2. How can make sure I hire people who can work with AI ?
3. How can I increase automation with AI but also keep my people connected ?

And that’s a wrap for #CuttheBS in 2023 ??

See you in 2024 for a new year and, if you’re brave enough to embrace these predictions, a new hiring process.

?? Join the conversation: What other trends do you think will impact the hiring landscape in 2024? Share your thoughts in the comments below!

If you are hiring engineers, programmers, or developers, you don't want to miss this webinar! In today's session, we'll cover:

? Recruitment steps when assessing programming skills

? Best practices when recruiting with a coding challenge

? A look at our newest launch: language agnostic programming tests

And much more!

?? Save your spot today!