8 job market trends for 2024 according to Forbes

Some job market trends for 2024 They promise to be highly valued and those who wish to stand out should pay attention.

The job market is constantly evolving and, given this, Forbes outlined the main trends for next year.

Therefore, if you want to stay up to date with job market trends for 2024, find out more below!

What to expect from the job market in 2024?

The forecast for next year is that the job market will continue to grow after the favorable performance of employment and income indicators in 2023.

According to experts, this perspective is directly associated with the probability that GDP will continue to advance and that monetary policy will ease.

They also emphasize that although a slowdown in the Gross Domestic Product (GDP) was expected, hiring should continue to increase.

In 2023, the expectation is that GDP will increase by 3% and projections for next year may vary between 1.5% and 2%.

As a result, the job market should remain heated, however, unlike this year, the pace of unemployment reduction is expected to be slower in 2024.

Experts say that the Brazilian job market will be very dynamic in 2023.

This was due to the creation of around 1.8 million formal jobs with a formal contract, from January to October alone, according to data from the Ministry of Labor.

Some sectors still demonstrate greater growth, such as areas related to technology, especially due to the growth in demands for online and e-commerce services.

Job market trends for 2024 according to Forbes

According to a study by Accenture, more than 90% of CEOs globally emphasize a major talent shortage and lack of skills for the future of work.

They report that professionals must stay up to date within the industry in order to stand out.

Currently, Artificial Intelligence (AI) is among the skills most sought after by companies, this was even the most important word of the year and should continue to rise in 2024.

Other skills that stand out are green skills, which are related to processes related to sustainability.

Therefore, if you are looking to grow in your area, it is important to be aware of the job market trends for 2024. According to Forbes, the following will be trending:

1. AI-related vacancies

Data released in August on LinkedIn highlights that the number of vacancies on the platform that mention vacancies related to GPT or ChatGPT has increased 21 times since November 2022.

Thus, artificial intelligence stands out as the technological knowledge most sought after by companies today.

Forbes emphasizes that Cortex data says the B2B sales intelligence platform, which was responsible for analyzing more than three million job vacancies that were published between March and June on Brazilian portals.

The expectation is that the growth of vacancies in this area will be even greater in next year. It is expected that within five years 44% of professional skills will be changed.

2. Job market trends for 2024: Flexible working

During the Covid-19 pandemic, due to protocols, companies adapted and most employees started working from home.

After the end of the pandemic period, working from home still remained consistent. However, 2023 was marked by pre-pandemic practices, with many companies returning to in-person 100% work.

Because of this, one of the main questions asked to candidates in job interviews is questions related to the work model.

Furthermore, the expectation for 2024 is that there will be no salary reduction for the majority of workers who work remotely, whether partially or completely.

Only 2% of employers tend to grant differentiated remuneration for those who work completely remotely and 6% for those who work in a hybrid regime.

3. TQQ (Tuesday, Wednesday and Thursday at the office) will continue

A recent report by Korn Ferry on HR trends shows that a large percentage of employers want employees to work in person 2 to 3 days a week.

In most cases, Mondays and Fridays are the days that workers choose to work from home.

Therefore, in large cities, such as São Paulo, for example, Tuesdays, Wednesdays and Thursdays are the days that see the greatest in-person demand.

4. Job market trends for 2024: qualified talent

The value of having unique and differentiated benefits is increasingly on the rise.

Thus, flexible benefits and creative compensation, as the needs and preferences of talent are related to development and specialization.

For around 90% of Brazilian professionals, non-financial benefits are as important as the remuneration itself.

Furthermore, nowadays flexibility has been considered more relevant than a health plan.

• Read too: 5 skills needed to grow professionally in 2024

5. Lifelong learning

Companies are looking for qualified professionals and the skills required are undergoing major changes.

In total, 23% of occupations could change by 2027. Due to the intense market movement and the arrival of artificial intelligence, professionals need to adapt.

Therefore, it is important to invest in employee training so that they can adapt to the current market.

6. Balance between soft and tech skills

Other job market trend for 2024 consists of emotional intelligence, which is considered one of the main skills for good leadership.

According to recruitment companies, the ideal is for there to be a balance between soft skills and tech skills.

7. Job market trends for 2024: Green skills

Professionals who are aware of issues related to sustainability also stand out.

Green skills have been one of the main recruitment skills in the current market and many companies face difficulties finding qualified people in this field.

8. Robot Interview

Forbes says that 4 in 10 companies are planning to adopt AI interviewing by 2024. This is because the process of using any level of AI for recruiting is superior to forms filled out by candidates.

Furthermore, technology is currently used to filter information in the curriculum, in online tests and even to conduct conversations.

Conclusion

To the job market trends for 2024 require adaptation and constant updating on the part of workers.

Therefore, it is important to stay up to date with the skills that will be required of workers next year!