2024 has proven to be a challenging year for the recruitment landscape, particularly within the financial sciences and services sector. With businesses facing tighter budgets and longer hiring processes, both job seekers and recruiters are eagerly looking for ways to stay competitive.
In the latest episode of the Searching Smarter podcast, host Jesse Skaff sits down with John Jurasin, former vendor relationship manager at Morgan Stanley, to unpack this year's key trends in recruitment and offer a clear roadmap for how job seekers and hiring managers can be successful in the upcoming year.
Recruitment trends in 2024
The recruitment market in 2024 was shaped by several major shifts, most notably the transition from the post-COVID hiring boom. While the previous few years saw accelerated hiring across many industries, 2024 brought slower hiring processes and more selective recruitment. As businesses adjust to new economic realities, recruitment strategies have had to evolve to prioritize cost-efficiency and sustainability.
Key factors such as remote work adjustments, technological advancements, and economic pressures have contributed to these trends for both job seekers and recruiters, which is why understanding these dynamics is crucial in strategizing future success.
2024 vs. 2025 hiring: staying relevant in next year's landscape
So, how can candidates and hiring managers prepare for next year? Recruiters should foster strong client relationships during slow periods as it will be essential for future success. For job seekers who have found themselves sidelined by slow hiring or layoffs, they need to stay relevant by upskilling and exploring alternative roles within their fields.
"Reach out to past clients that you've worked with and keep your routine. Whether it's applying to 3 or 4 jobs or reaching out to 4 or 5 people that know your skillset and knowledge base, those are things that are going to help you," says Jurasin.
Tune in to this week's podcast episode to learn more about:
The aftermath of post-COVID hiring booms
Trends driving the 2024 recruitment market
The decline in resignation vs. the incline in retention
Staying relevant and the best time to re-enter the job market
Importance of client relationships during slow periods
Applying 2024 hiring lessons and techniques to 2025
With 2025 just around the corner, this podcast episode will be invaluable for anyone looking to gain an edge in the job market. From employers aiming to refine their recruitment strategy to job seekers trying to stay relevant, everyone must prepare for these shifts as it will undoubtedly pay off in the long run.
At the Searching Smarter podcast, we speak to the brightest and boldest minds in financial sciences & services. From talent acquisition leaders and hiring managers to world-class professionals, we delve into all the ways they leverage top-tier talent to drive their businesses forward. Listeners will walk away with expert guidance on how to attract, acquire and retain high-performing teams, as well as what it takes to be a part of one.
It's available on Spotify, YouTube, Apple Podcasts, or wherever you get your podcasts. So listen, learn, and let us know what you think!
