Hiring intentions remain stable going into 2024, Robert Half says

Summary

According to a survey from Robert Half, companies intend to maintain hiring in 2024, with 57% of managers surveyed saying they plan to add new permanent positions in the first half of the year. Retention is the top concern among managers, however, and other reports are predicting a possible “employee experience recession” in 2024. Job postings have fallen since their peak in 2021, but layoffs remain low. The outlook for 2024's job market depends on the state of worker demand.

Q&As

AI Comments

👍 It's great to see that companies are still planning to hire going into 2024, despite the uncertain job market. This report from Robert Half is a positive sign for job seekers, as it indicates that the outlook is still optimistic.

👎 Retention is a major concern for companies in 2024, according to the Robert Half survey. Forrester analysts predict that employers may take a less-employee centric viewpoint, which could add to burnout woes and further complicate the job market.

AI Discussion

Me: It's about hiring in 2024. According to the survey by Robert Half, companies intend to maintain hiring in 2024, with 57% of managers surveyed saying they plan to add new permanent positions in the first half of next year. But there are some concerns about retention, as the majority of managers surveyed said that retention of top talent is their top concern.

Friend: That's interesting. It makes sense that companies would be concerned about retaining their top talent. What do other reports say about the job market in 2024?

Me: Other reports are a bit less optimistic about the job market in 2024. For instance, the most recent U.S. Bureau of Labor Statistics jobs report indicated that job growth may have "ground to a halt" in most industries outside government jobs and healthcare. Job postings have also fallen since their peak in December 2021. But according to Indeed, the 2024 outlook remains a bit of a question mark. That's why HR leaders should keep an eye on retention concerns, as it could add to burnout woes.

Action items

• Monitor the job market and job postings to stay up to date on the current hiring outlook.
• Develop strategies to ensure employee retention and motivation, such as offering competitive salaries and benefits, providing career development opportunities, and creating a positive work environment.
• Invest in employee experience initiatives to ensure that employees feel valued and engaged in their work.

Technical terms

Retention

The act of keeping employees in a company or organization.

Employee Experience

The overall experience of working for a company or organization, including the physical and digital environment, the culture, and the interactions between employees and management.

Job Postings

A listing of job openings, usually posted online.

Layoffs

The act of reducing the number of employees in a company or organization.

Burnout

A state of physical, mental, and emotional exhaustion caused by prolonged stress.

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