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2024 Talent Trends Report

executive presents a diagram to a small group of coworkers in a modern brightly lit office

SHRM’s 2024 Talent Trends report examines key talent trends that are top of mind for organizations in 2024 and beyond, including recruitment and retention challenges, recruitment strategies, skills shortages, pre-employment assessments, training and development programs, educational assistance, and more.

Insights from 2,366 HR professionals reveal that over three-quarters of organizations have faced recruitment difficulties for full-time regular positions in the past year, with a noticeable decrease from the peak challenges experienced in 2022. Retaining employees also remains a significant challenge.

Despite changes in the labor market, several positions like those in high-skilled medical fields and the skilled trades continue to be extremely difficult to fill, with little improvement over an eight-year span from 2016 to 2024. At the same time, organizations have had to adapt to new skill requirements driven by growth and technological changes, making it challenging to locate qualified candidates.

Despite the pandemic prompting organizations to broaden their recruitment strategies, there has been a decline in the utilization of such strategies in 2024, including a notable reduction in offering flexible work arrangements and improving compensation as incentives for potential hires.

Download the report to learn more.

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