How to Shape Your Hiring Strategy in 2024
With the 180-degree turn hiring took in 2023, planning your hiring strategy this year can seem daunting. No fear, we’re here to help. Here are the top things to keep in mind when shaping your hiring strategy in 2024.
Don’t Let Fear Rule
Economic turmoil over the past 12 months has companies in every industry on high alert. Don’t let fear hinder you from moving forward with the right talent. Conditions vary by industry and geographic market. Competition is intense and employers are losing great candidates by moving too slow. If a higher salary isn’t an option, learn what else motivates your candidate. Work/life balance, increased PTO, and upskilling may help seal the deal.
Keep Flexibility Top of Mind
As employers require workers back in the office, they should recognize that flexibility continues to be a key motivator, second only to salary and ranking even higher than a positive work culture.1 Flexibility can come in different forms than one or two days of remote work – it can mean job sharing, split-shifts, and compressed work weeks. While the debate about remote work continues, there’s no question that
companies who continue to offer flexibility will have a distinct advantage with candidates.
Apply Brand Polish When Building Your Hiring Strategy in 2024
When salary increases are put on hold and flexibility is pushed back, candidates need more reasons to get excited about your company. Employees place a high priority on a brand that aligns with their own values.2 Companies must take a hard look at their website, social media platforms, recruiting materials, and customer reviews to determine what kind of story these channels communicate. How are you helping candidates envision the kind of difference they could make if they join your team?
Cast a Wider Net
A tight job market means industries need to get serious about recruiting untapped talent. Organizations like Hire Heroes USA (veterans and military spouses) and Best Buddies International3 (individuals with intellectual and developmental disabilities) provide valuable guidance with candidate matching and assimilation. Demand for contract workers has also surged in the last year as hiring managers hesitate to bring more full-time staff on board.4
AI Disruption is Here
AI is here to stay and it’s only going to become more advanced. HR leaders are already using it to improve recruiting with AI-driven candidate interviews and assessments. Business leaders are evaluating whether AI may eliminate certain job roles, with predictions that a quarter of all work tasks may disappear. While AI may eliminate some roles, it will add new jobs and greatly improve worker efficiency in many others.5 Companies need to prepare teams with AI skills development to ensure employees can stay ahead of the curve.
This article features information on how to build your hiring strategy in 2024 from Addison Group’s 2024 Workforce Planning Guide.
For industry-specific trends and salaries for various roles across 20 metro area locations, download your free guide today!
1 TALENTCULTURE, FLEXIBILITY: KEY TO EMPLOYEE RETENTION IN 2023, 2022
2 QUALTRICS, EMPLOYEES WHO FEEL ALIGNED WITH COMPANY VALUES ARE MORE LIKELY TO STAY, 2022
3 MEDIA PARTNERS, TAPPING INTO THE UNTAPPED TALENT, 2022
4 YAHOO! FINANCE, RECESSION FEARS IN THE US HAVE CAUSED DEMAND FOR CONTRACT WORKERS TO SURGE BY MORE THAN 25%, 2022
5 HARVARD BUSINESS REVIEW, COMPANIES THAT REPLACE PEOPLE WITH AI WILL GET LEFT BEHIND, 2023
