Throughout 2023, the workplace continued to experience its own ebbs and flows. This resulted in large layoffs rippling through multiple industries. While the headlines highlighted the numerous tech companies reducing workforces, businesses of all sizes cut staff and enacted hiring freezes.
Companies also began to reprioritize in other areas. This saw a reduction in HR personnel and in roles associated with diversity, equity and inclusion. Recruiters working in areas of tech also experienced changes as the demand for services slowed. On the other side, small businesses grew during 2023 as entrepreneurs added more staff to support their once solo endeavors.
Positive News
Now for some more positive news. An article in Forbes highlighted positive changes ahead with hiring managers planning to add new positions in the first half of the year. Research from Jobvite found HR decision makers and recruiters are also optimistic with 86% of talent practitioners expressing positivity about the future of talent acquisition.
Job recruiters and talent seekers can also expect to see an influx of varied job candidates in the new year. At the end of the year, the Bureau of Labor Statistic shared that because of ongoing economic uncertainty, a number of previously retired workers were set to re-enter the workplace. These new additions could certainly create a positive shift in workplace dynamics. With more options across the board, this is translating into many companies looking to increase budget allocation toward AI-powered recruiting tools.
Trends Shaping the Workplace in 2024
- Redefining Hybrid – There will continue to be discussions around hybrid work with businesses cultivating more intentional ways to draw workers back to the office.
- Upskilling – A never stop learning mindset will become particularly important as AI continues to change the game, often in yet unknown ways. Employees will need to embrace a spirit of curiosity and adaptation.
- Automation – For better or worse, more businesses are adopting the use of AI with yet unknown results. This will likely create an ongoing assessment to determine how and where AI-powered tools can create the greatest impact and assistance.
- Predictive Analytics – The use of data will help employers in making more informed decisions about the workforce including productivity metrics, turnover rate tracking and talent management platform data.
- DEI – Diversity in hiring will continue to be a priority. Working in a diverse environment is a priority for Gen Z workers, who will soon make up most of the U.S. workforce.
*Forbes
