Wrapping Up the Year: Key Hiring Trends and Insights for 2024

As we near the end of 2024, the hiring landscape is firing up - with that, it's becoming more competitive. With potential shifts under a Trump presidency, hiring strategies need to adapt. This edition explores how these trends are shaping the industry and offers tips for securing the best talent. Plus, we share insights on finding balance in a fast-paced world through physical movement, specific to this story: our CEO's journey with yoga. Stay in-tune with us at ITEOM as this whirlwind of a year comes to a close and keep informed on how to handle it best.

INDUSTRY INSIGHTS:

November 2024 Workforce Insight:

As we approach the end of the year, several key trends are shaping hiring practices in the tech, fem tech, and industrial tech sectors, particularly in light of a potential Donald Trump win in the 2024 election.

• In the tech sector, hiring trends may shift toward greater scrutiny of foreign investments, especially with Chinese tech companies. Trump's policies are expected to escalate tensions with China, which could result in increased restrictions on Chinese tech operations and investments in the U.S. This may affect talent acquisition strategies, particularly where foreign investments and talent mobility are crucial - CompTIA, Nasdaq
• Companies should prioritize hiring U.S.-based employees or those with a clear understanding of U.S.-China relations.
• The Fem and Med tech sector is likely to see continued growth, fueled by a combination of market demand and greater awareness of gender-specific health issues. However, there may be concerns about regulatory changes under a Trump administration, which could impact the level of innovation or the speed at which new fem tech products are introduced- CompTIA.
• Fem tech startups must focus more on talent with regulatory knowledge or product developers who can navigate these changes, working closely with talent placement professionals such as ITEOM can help with growing your teams.
• In industrial tech, particularly in the green energy space, the Trump administration’s focus on energy independence and potentially less stringent environmental regulations could shift hiring towards roles that support traditional energy sources alongside renewables. This dual focus may lead to an increase in demand for engineers with experience in both sectors - Nasdaq
• Overall, hiring trends may favor more local and adaptable talent pools, as companies in these sectors adjust to the potential geopolitical and regulatory shifts associated with Trump's return to office.

Hiring the right tech talent before the end of 2024 is more competitive than ever, but with the right strategy, you can attract the best.

As the tech industry evolves, so do the expectations of top candidates—especially when it comes to workplace culture and opportunities for growth.

Check out our latest post for expert insights:

ITEOM Wellness Corner:

In a world where constant productivity is the norm, finding balance can seem impossible. Brenda Armstrong, ITEOM'S Founder, has discovered that yoga offers a way to reconnect with what truly matters. It’s not just about physical poses— Yoga’s principles of compassion, discipline, and moderation help us live with integrity both on and off the mat. In a fast-paced world, yoga teaches us to slow down, listen, and recharge.

Motion is lotion - what is your preferred method to start or shake off the day?

Read more here on how yoga can help you find balance amidst the chaos of end year.

Thank you note:

We want to extend a big thank you for taking the time to read our newsletter. Your engagement means a lot to us!

We're committed to keeping you updated with the latest insights and trends, and we hope our content continues to provide value to you.

Stay tuned for more exciting updates in future editions!

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