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2024 Will Be the Year of “The Big Stay,” Report Finds

MyPerfectResume, a leading resource for resume and career advice, polled nearly 1,900 U.S. workers to investigate their sentiments around the 2024 job market, recruitment processes, professional development, mental health, and companies’ commitment to CSR and DEI initiatives. 

According the report, 45% of workers predict that the number of remote job openings with drop in 2024. With the tight market, 80% also predict that 2024 will be the year of “The Big Stay.” At the same time, 61% of workers expect a longer hiring process in 2024 compared to 2023.  

“The workplace is a living organism, evolving in response to the pulse of societal, technological, and cultural shifts,” says Kellie Hanna, career expert at MyPerfectResume. “We hope that our findings light on the 2024 workplace, guiding employers, workers, and job seekers to find a path blending mutual expectations.”  

Additionally, 61% expect the recruitment process to be longer, 71% expect more companies to include salary information in job postings, 90% believe job seekers will use LinkedIn more often than dedicated job search websites, and 72% say AI will support HR teams in recruitment processes more in 2024 than in 2023.  

In terms of professional development, 70% believe reskilling will be necessary for many professions, 74% believe that work experience will matter more than education in 2024, 72% express a desire for companies to embrace mentorship and coaching programs to support worker development, and 69% think employers should encourage employees to pursue training and development.  

Further, 87% believe that employers will prioritize mental health and well-being in 2024. Approximately 84% believe that organizations will increase their investment in employees’ mental health programs in 2024, while 78% predict that organizations will be more proactive in identifying and addressing burnout and work-related stress among employees in 2024 than in 2023.  

“Job seeker behavior, recruitment processes, interference of AI, mental health, or diversity and inclusion are just some of the areas echoing the desire for innovation, agility, balance, and a people-centric ethos,” Hanna says.  

Tags: HR News/North America, News, News Ticker

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