Artificial Intelligence is the latest craze and affects almost all aspects of a business. 82% of CEOs and senior leaders said they expect AI to impact their business significantly or even extremely (1). But exactly how can talent acquisition leverage this powerful tech? For one, it can speed up the hiring process by reviewing hundreds of resumes to screen for qualified candidates. To diversify the selection pool, recruiters can establish parameters to select candidates with “untraditional” experience. It can also help write job descriptions to define the role clearly. Some even utilize chatbots to answer candidate questions in real-time.

As AI grows, candidates and current employees must develop their workplace skill sets to succeed even more. With upskilling, you can either expand your skills or develop new ones. It’s a great way to minimize any gaps and advance your career. Upskilling can happen by completing courses, participating in a mentorship, or attending a day-long workshop. An important takeaway from this trend is that candidates and employees should have a growth mindset that adapts to industry changes.

Nearly a quarter of HR leaders will invest in analytics and reporting for their hiring teams to empower them to make data-fueled decisions with the recruiting process to hire top talent (2). By harnessing the power of data and insights, it establishes key recruiting metrics and real-life updates on these metrics. These actionable insights provide a roadmap for recruiters to follow that eases the hiring process and improves productivity.

Employee retention is set to be a top priority for employers in 2024 as external hiring slows down (3). As a result, companies will hire internally more and boost company culture to increase employee loyalty. Employers are looking to build up current talent with upskilling and establishing enticing career paths. Moreover, companies want to invest in programs that amp up company culture, especially in remote work environments.

Implementing a strategic recruiting process is key to hiring talent. An ideal timeline should be 3 to 4 weeks to prevent losing any candidates to competitors who are quicker with their decision-making (4). A streamlined recruiting process attracts the right candidates and increases the company’s reputation by establishing itself as a desirable workplace. Even more so, the hiring experience is enhanced.