As we approach the new year, it’s crucial for employees, job seekers, recruiters, and hiring professionals to stay informed about the latest trends and insights in the field of recruitment. In this article, we will delve into key statistics that shed light on the evolving landscape of recruitment, providing valuable insights into candidate preferences, technological advancements, and more. Whether you’re an HR professional, a hiring manager, a job seeker, or simply interested in the future of recruitment, these statistics will provide you with valuable knowledge to navigate the ever-changing world of talent acquisition in 2024.
- Most people are projected to have an average of 12 different jobs throughout their working lives, highlighting the growing trend of career mobility and the need for adaptability in today’s job market. As more Generation Z employees enter the workforce in 2024, it is anticipated that this statistic will likely increase even further.
- According to various sources, including a report by CareerBuilder, there is a significant trend of job changes among Gen Z individuals. Gen Z’s average length of stay in a job is approximately 2 years and 3 months, which is only 6 months less than that of Millennials. In comparison, Baby Boomers typically spend around 8 years and 3 months in a job, while Gen X averages around 5 years and 2 months.
- The Lever Great Resignation report states that 65% of Gen Zers expressed their intention to leave their jobs. Additionally, 70% of the workforce are actively looking for a job change. This indicates a growing desire for personal growth, fulfillment, and improved job satisfaction.
- In today’s rapidly evolving job market, the traditional method of posting job openings online and waiting for applicants to apply is no longer sufficient. The landscape of recruitment has undergone a significant shift, with networking emerging as a game-changer in the search for talent. According to research from HubSpot, a staggering 85% of jobs are now filled through networking, highlighting the importance of building valuable connections. In fact, CNBC reports that approximately 70% of job opportunities are never publicly published.
Networking offers numerous benefits that go beyond the confines of traditional job searching. It provides a platform to establish meaningful relationships, gain valuable insights, and unlock doors to unadvertised positions. By actively engaging in networking activities, whether it be attending industry events, joining professional groups, or leveraging online platforms, you can tap into a wealth of hidden job opportunities, or as a recruiter, tap into a new pool of candidates.
- According to FlexJobs, a significant 51% of working professionals express a preference for fully remote jobs, while 46% favor a hybrid job that combines remote and in-person work. This statistic highlights the growing importance for employers to adopt remote or hybrid work models in order to attract top talent in today’s job market. If businesses fail to offer remote opportunities, job seekers are increasingly likely to explore other options with competitors who do.
According to Express Employment, 40% of hiring managers use a combination of in-person and virtual interviews. The benefits of video interviews are numerous: they are fast, user-friendly, and eliminate the need for candidates to commute, making it a highly efficient and convenient option for both hiring managers and applicants. As organizations adapt, incorporating video interviews into their hiring processes will prove essential in attracting and evaluating top talent effectively.
At City Personnel, we have recognized the value of virtual interviews and have continued to prioritize their use. This approach not only ensures the convenience of all parties involved but also offers flexibility for candidates who are currently working but looking for new opportunities. Currently, over half of all our interviews at City Personnel are conducted virtually, allowing us to connect with a wider range of candidates and provide them with the flexibility they need in their job search.
Current trends in the corporate world show a shift away from remote or hybrid work setups as companies like Disney, Twitter, and Starbucks mandate increased in-office presence. Despite initial positive outcomes from flexible work arrangements for some employers, 33% have reversed plans for permanent virtual or hybrid models. Even CEOs who previously supported remote work, like Salesforce’s CEO, now openly criticize the push to return to office spaces. The debate over returning to the office is ongoing, but an overwhelming 90% of companies plan to implement return-to-office policies by the end of 2024, with nearly 30% threatening to fire employees who don’t comply. Only 2% of business leaders said their company will never require in-person work.