by Phillipa Geard
The year 2024 is in full swing and stands as a crucial juncture in workplace dynamics, setting the stage for the future of work. Traditional, rigid work practices are fading into obscurity, making way for a landscape characterized by technology, skill diversification, and flexibility.
Let's delve into the workplace trends that are set to define 2024:
1. Continued AI Integration shaping the future of work
AI continues to disrupt the workplace, albeit with promises of enhancing employment prospects and business efficacy.
Generative AI, in particular, emerges as a game-changer, streamlining the adoption of new technologies and skill sets among existing employees. According to a World Economic Forum study, thirty-four percent of job tasks are already estimated to be automated. The report also states that AI is not expected to significantly impact leadership and creative thinking abilities, as these still need human thinking; instead, it is expected to fully automate information-gathering and basic decision-making processes, saving time and business operating costs.
Establishing transparent communication regarding AI's role within organisations is crucial for addressing employee concerns and fostering trust amidst technological advancements.
2. Employers will focus on skills-based hiring
2024 will witness a surge in skills-based hiring strategies, prioritising skills over traditional qualifications.
Employers are increasingly recognising the efficacy of this approach in sourcing skilled individuals tailored to specific job roles. This approach works best for jobs that don't need specialised training or qualifications. This hiring approach is excellent in addressing dire skills shortages.
A Deloitte survey stated that seventy-three percent of employers expect to continue to experience a shortage in skills over the next three years, and seventy percent of those respondents say they are getting creative about sourcing for skills rather than just considering qualifications.
According to a report by TestGorilla, thirty-nine percent of organisations are planning to increase their spending on skills-based hiring in 2024, and fifty-eight percent of organisations plan to use skills-based hiring more in the future. It was also noted that eighty-nine percent of organisations improved employee retention when hiring for skills, and seventy-four percent reduced hiring costs.
3. Gen Z's influence
With Gen Z making up thirty percent of the global workforce and is predicted to make up twenty-seven percent of the workforce by 2025 according to Zurich Insurance. their preferences and values substantially impact workplace dynamics.
This generation emphasises factors such as sustainability, work-life balance, and purpose-driven initiatives when making career decisions. While salary plays a significant role, Gen Z considers other factors like company reputation, opportunities for growth, work flexibility and diversity and inclusion just as important when making career decisions.
Employers must adapt their offerings to align with these values, recognising the diverse perspectives and technological acumen that Gen Z brings to the table. Harnessing the potential of this generation entails embracing innovative approaches and fostering an inclusive work culture conducive to their aspirations.
Read: What Gen Z want in their careers: It’s (not) all about the money.
4. Hybrid workspaces are here to stay
The hybrid work model continues to gain prominence in 2024, offering a blend of in-office and remote work arrangements. Recognising the myriad benefits of remote work, organisations increasingly embrace this model to enhance flexibility and access a broader talent pool.
RecruitMyMom’s 2024 research found that twenty-three percent of working women in South Africa already work in a hybrid setting, and a staggering fifty-nine percent want to work in a hybrid setting. This, along with the surge in hybrid job postings, underscores the growing prevalence of this trend, with employers reaping the rewards of heightened productivity and employee satisfaction.
Employees in organisations that use a hybrid work model experience a better work-life balance. This, in turn, drives productivity and employee engagement at work and helps businesses operate more efficiently.
Read our article on practical ways to build a remote company culture.
5. Embracing a growth mindset
In an era of rapid technological advancements, a growth mindset emerges as a prerequisite for employee success. Employers prioritise candidates who thirst for knowledge and adaptability, recognising the imperative of lifelong learning in navigating evolving work landscapes. Investing in training and development initiatives not only equips employees with essential skills but also cultivates a culture of continuous learning essential for organisational resilience.
Employers can future-proof their organisations and recruitment practices by staying attuned to these trends and embracing adaptive strategies.
This article was written by RecruitMyMom, an award-winning recruitment company that specialises in placing highly skilled women in diverse career opportunities, be they in-office, hybrid, or remote. A forward-looking recruitment partner for diverse candidates.
Phillipa Geard is the Founder and CEO of multi-award winning company RecruitMyMom.co.za, an innovative online recruitment agency for forward-thinking companies, looking for top-calibre female skills. Skills that value flexibility, either hours or location. More recently she launched RecruitAGraduate, an online platform designed to make the hiring of graduates and interns effortless. Both are full service agencies. She is a wife, mother and a social entrepreneur at heart.
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