Hey, it’s been a while! A lot has unfolded over the past few years—pandemics, global conflicts, company growth, meteoric rise of pickleball and more. As we keep our finger on the pulse to connect talent with opportunity, it’s crucial to consider how the new year, economy, and various factors shape the landscape for us and other staffing companies. As we gear up to bid farewell to 2023 and step into 2024, let’s dive into 5 Job Trends to Watch for in 2024!
AI Isn’t Stopping Anytime Soon
Without a doubt, this year has seen an explosion in AI features, trends, information, and the momentum shows no signs of stopping. With popular tools such as ChatGPT, we can take mundane tasks and have them completed in seconds. The US Bureau of Labor Statistics estimates employment of computer and information research scientists is projected to grow 23 percent from 2022 to 2032. As time moves on, more companies will awaken to AI’s benefits, shaping job requirements and industries, with significant implications for IT staffing companies like ours. Check out this checklist of how to seamlessly add AI into your workplace https://www.linkedin.com/pulse/comprehensive-checklist-introducing-ai-your-workplace-cameron/
Baby Boomers Continue to Exit the Workforce
The pandemic saw masses of baby boomers quitting their jobs and pressing the early retirement button. This allowed room for younger generations like Gen X, Millennials, and new to the workforce Gen Z to fill rolls and move up the ladder. 4.4 million people are expected to turn 65 in 2024, the traditional age of retirement. With three younger generations starting or continuing to work, job culture and values might start to look different. From Gen Z entering internships and entry level roles, to Gen X moving into more C-suite and executive roles, these are inevitable changes to the job market! Check out this article about how to bridge the generational gap in the workplace! https://www.linkedin.com/pulse/managing-multigenerational-workforce-bridging-generation/
Hybrid/Remote Work: The Evolution Continues
Prior to the pandemic, trends such as remote work, as it was more of a niche topic. However, COVID brought on a reset in work-life balance and it woke up most of the world. Forbes reports as of 2023, 12.7% of full-time employees work from home, while 28.2% work a hybrid model. By 2025, 32.6 million Americans will be working remotely. Despite some firms advocating for a 5-day office week (like Goldman Sachs), hybrid/remote work’s momentum will persist in 2024. As this evolution continues, both companies and employees will need to determine which model fits their needs best. Thankfully, it looks as though there will be options available to meet the needs of everyone- gone are the days of ‘one size fits all’.
The Decline of Employee Experience Programs
Companies invested in programs fostering relatable, inclusive office cultures, but economic uncertainty has cast a shadow. Reports show a decline in Diversity, Equity, and Inclusion (DEI) initiatives—impacting employee belonging and value. Expect potential strikes and employee discontent as these programs face cuts. Ultimately, teams that are diverse are better positioned to succeed because they benefit from a wide variety of perspectives when solving problems and charting the path forward for all.
Job-Switching is Inevitable
Lastly, there has been an uptick of employees seeking better roles, pay, and work-life balance. LinkedIn’s study reveals 41% actively considering job changes, with 21% open to the idea. Factors like promotions, appreciation, and support are becoming scarce, leading to increased job-switching trends. Check out these 14 Effective Employee Retention Strategies! https://www.roberthalf.com/us/en/insights/management-tips/effective-employee-retention-strategies
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Thanks for reading! If you are a business in the Western New York Area and are looking to fill your important IT roles, visit us at cpstaffing.com to learn more!
If you are a candidate and are looking for dream role, visit us at jobs.cpstaffing.com for our latest job postings!
And don’t forget to follow us on LinkedIn for new jobs, insights, blog posts and more! https://www.linkedin.com/company/computerpeoplestaffing
Written by Jeff Weiss
