The recruitment sector is gearing up for a transformative year in 2024, as new trends and opportunities take centre stage. The seismic shifts towards hybrid, plural, and fractional work arrangements are permanently altering the landscape of where, why, and how all generations work. In this dynamic environment, key factors such as AI & Analytics, Total Talent, and Earned Wage Access are reshaping the way recruiters sustain the lifeblood of the economy. The burning question is: who will emerge as the winners this year?
TALiNT Partners is a growing network where every member possesses a competitive edge, often backed by awards, and a wealth of collective insights for shared success. As the recruitment sector prepares to embrace the challenges of 2024, let’s delve into the 12 insights from 2023 that will be explored throughout the year.
One prominent aspect that sets TALiNT Partners apart is its pre-eminent network, which now boasts over 250 leaders hailing from the world’s most innovative and successful Staffing and Talent Solutions firms. These leaders form a powerhouse, ready to capitalise on the evolving recruitment landscape.
As the year kicks off, TALiNT Partners launches a year-round programme for senior leaders in recruitment. This initiative aims to further enrich the collective knowledge of the network and tackle the upcoming challenges head-on. Learning and expanding horizons are emphasised, urging everyone in the industry to make it a part of their new year’s resolution.
TALiNT Partners is a growing network where every member possesses a competitive edge, often backed by awards, and a wealth of collective insights for shared success
The philosophy is clear: if you only learn from your own mistakes, consider yourself lucky. However, the real winners are those who learn from the best, and with a network like TALiNT Partners, the opportunity to do so is at its peak.
In a year where the recruitment sector is poised for unprecedented change, those who leverage the insights, experience, and innovative spirit of networks like TALiNT Partners are likely to be the true champions of 2024.
12 insights, according to TALiNT Partners, MD Alex Evans.
- AI, training, and partners are helping recruiters to enhance their services and compete with talent marketplace disruptors like Upwork, Coople & Job & Talent whilst helping employers adapt to skills versus experience.
- Transformation is training and culture, not just the deployment of tech & data, because solutions must change behaviour. So, who should lead it as lines blur between the CTO, CFO, CMO and COO? Will we see more Chief Transformation Officers?
- Recruitment leaders need Chairs & NEDs with depth of expertise and real experience of tech & data, DEI, diversification and a client’s mindset to develop the right solutions and strategies – so how can board advisors stay relevant?
- Recruiters optimising new AI & Analytics tools are realising the importance of talent intelligence and context – and people who can turn data plus gossip into insight as part of the right narrative for their business.
- Marketing leaders are demonstrating that research & analytics are more important than promotion – and helping everyone understand how to input the right data for the best outcome.
- Recruitment is approaching a tipping point where new roles are being created and new skills are needed to become strategic advisors – with marketers, data scientists, and story-tellers in highest demand.
- Data-based decision making is enabling recruiters to identify their own future growth leaders and manage out poor performers. New incentives like employee ownership are releasing potential from intrapreneurship.
- Recruiters are increasing profitability, scaling quicker and de-risking solutions for themselves and their clients by outsourcing more of their delivery and working with suppliers as strategic advisors.
- The trend toward merged Fintech and Work tech solutions will grow as demand increases for Earned Wage Access and integrated Pay & Bill to support more flexible contingent solutions and contractor re-deployment.
- As technology becomes more sophisticated, and expensive, to support more diversified recruitment offerings, will we see more Tech/Funding alliances to help recruiters buy it – and what are the implications for the sector?
- If it costs less to pay good people what they’re worth than to recruit their replacement then RPOs are perfectly placed to help employers better retain, develop, and reward the right talent; but only if they have full visibility of the right data to update skills and market value.
- Talent intelligence is enabling recruiters to engage with employers earlier in the process as strategic workforce advisors and deliver greater value with EVP, DEI, MSP, RPO, Train & Deploy, and other premium services.
To find out more about how TALiNT Partners membership can help you and your leadership team, please get in touch with our global team:
UK and Europe
Alex Evans, Managing Director at TALiNT Partners, UK & Europe
alex@talintpartners.com
APAC
Kris Klelland, Managing Director at TALiNT Partners, APAC Region
kris@talintpartners.com
Americas
Ray Culver, Country Manager at TALiNT Partners, Americas
ray@talintpartners.com
