The 2024 job market: changes, expectations and technology

Reporter: Andryanna Sheppard
Published: Updated:
FILE: Woman working from a computer on a bed. Work from home is growing in during the holiday season.
FILE: Woman working from a computer on a bed. Work from home is growing in during the holiday season.

From the Great Resignation to the Great Stay. We just experienced what’s been dubbed “the Great Resignation.” It began in the wake of the COVID-19 pandemic and is characterized by the amount of employees who voluntarily left their jobs amid low unemployment and high labor demand. People wanted a better work-life balance and better treatment from their employers among other things. Now hiring experts are predicting the great stay. Technology, the economy and social changes will all impact the 2024 job market and workplace.

One of the largest studies found workers are looking for job security, work-life balance, increased pay, and a sense of belonging.

2024 job market expectations
Office workers. Credit: WINK News

So, what will be expected from employers and employees in the 2024 job market?

Eighty percent of hiring experts predict 2024 will be the first year of the big stay, meaning workers will remain in their current jobs for more extended periods of time.

According to resume building website MyPerfectResume, Companies will begin discussing four-day work weeks, mental health days off, and pay raises. On the flip side, AI will begin to be integrated into every industry and workers will need to learn new technology. Upskilling and reskilling will become more important than ever. Upskilling refers to acquiring new skills that complement or enhance a person’s existing expertise. Reskilling involves learning entirely new stills that enable people to switch to different roles or industries.

LinkedIn reports telemedicine and wearable health monitoring devices are creating new emerging jobs in healthcare. As the tech industry continues to grow, advancements in AI, robotics, and automation are driving many of the changes.

LinkedIn reports remote work will continue to rise but with it, employees will need to develop new skills such as effective communication, time management, and self-discipline. Remote workers will also need to put in extra effort to build relationships and maintain communication with the colleagues and managers.

Ivanhoe Newswire contributed to this report.

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