2024 – Recruitment and tech trends
2023 was a transformative year for recruitment. The way companies found and hired employees changed drastically with technology, especially in the tech industry, growing a ton with more and more people working remotely, companies have gone digital, and are exploring new tech like AI and IoT. This has actually made a huge impact on how organizations build their teams today. With 2023 laying ground for automation and AI in recruitment, 2024 is ready for the roll. Three major recruitment and tech trends that are expected in 2024 are:
- By 2024, the global AI in recruitment market is projected to reach a whopping $8.2 billion, highlighting the increasing role of automation in candidate sourcing and screening. (Source: Verified Market Research)
- The gig economy is expected to represent 20% of the total workforce by 2024, presenting new challenges and opportunities for recruitment strategies. (Source: McKinsey Global Institute)
- With rapid technological advancements, the need for upskilling and reskilling will be crucial. 70% of employees believe they need to learn new skills or reskill to keep up with the changing job market. (Source: World Economic Forum)
In the recruitment world, we can expect to see a continued focus on automation and AI, which means the human resources will now be able to focus on more strategic tasks like building relationships with candidates and employers while the machines handle the mundane tasks of resume screening and candidate sourcing.
There will be rise of social media and other online platforms for recruitment as they offer a great way to reach a large pool of potential candidates. Additionally, social media can be used to build relationships with candidates and create a more positive employer brand.
In the tech world, artificial intelligence, virtual reality, and blockchain will continue to grow. AI is already having a major impact on many industries, and we can expect to see even more innovation in this area in 2024. Virtual reality is also becoming increasingly popular, and we can expect to see new VR applications emerge in 2024. Blockchain is a technology that is still in its early stages of development, but it has the potential to revolutionize many industries. We can expect to see more businesses exploring the use of blockchain in 2024.
- Global VR market: The global VR market is expected to reach $27.2 billion by 2024, indicating the potential for VR to revolutionize various industries, from gaming to healthcare. (Source: Statista)
- Blockchain adoption: Blockchain technology is expected to be adopted by 20% of large enterprises by 2024, driving innovation in areas like supply chain management and digital identity. (Source: Gartner)
- Cybersecurity spending: Global cybersecurity spending is projected to reach $419 billion by 2024, emphasizing the growing importance of data security in the digital age. (Source: Cybersecurity Ventures)
Here are some specific trends to watch out for in 2024:
- The rise of the gig economy: The gig economy is a type of economy in which people work temporary or freelance jobs. The gig economy is growing rapidly, and it is expected to continue to grow in 2024. This trend will have a major impact on the recruitment world, as companies will need to find new ways to attract and retain gig workers.
- The increasing importance of soft skills: Soft skills are personal skills, such as communication, teamwork, and problem-solving. Soft skills are becoming increasingly important in the job market, as employers are looking for employees who can work effectively in a team and who can adapt to change.
- The growth of remote work: Remote work is becoming increasingly popular, as it allows employees to work from anywhere in the world. The growth of remote work will have a major impact on the recruitment world, as companies will need to find new ways to recruit and manage remote employees.
What does this mean for you?
If you are a job seeker, it is important to stay up-to-date on the latest trends in the recruitment world. This will help you to market yourself effectively to potential employers. If you are an employer, it is important to be aware of the latest trends in the tech world. This will help you to stay ahead of the competition and to attract the best talent.
Overall, 2024 is shaping up to be an exciting year for both the recruitment and tech worlds. By staying up-to-date on the latest trends, you can ensure that you are prepared for the future.
In addition to the trends mentioned above, here are a few other things to keep an eye on in 2024:
- The continued rise of automation and AI
- The increasing importance of data and analytics
- The growing focus on cybersecurity
- The development of new and innovative technologies
These are just a few of the recruitment and tech trends that are shaping the world in 2024. By staying up-to-date on the latest developments, you can ensure that you are prepared for the future.
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