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The labor market continues to impress with the 40th straight month of job growth and an unemployment rate that ticked lower. Job gains in Q1 2024 averaged 276,000 per month, compared to the Q4 2023 average of 212,000 jobs added each month. The jobless rate fell as more people entered the workforce. Gains were broad-based. Wages, an important inflation metric, increased slightly, up 0.3% to 4.1% year-over-year (YOY). It was the lowest annual gain since June 2021.

Now in its fifth edition, the 2024 Job Seeker Survey Report is based on responses from 1,500 job seekers surveyed in February 2024. This report analyzes the perceptions and preferences of active and passive candidates across all major industries and provides important insights into what candidates want and can influence your organization’s talent acquisition and retention strategies to optimize success.

Spring is the perfect time for businesses to review and refresh their recruiting efforts and technology stacks. With the job market continuing to grow and competition for talent intensifying, staying ahead requires innovative approaches. 

Here are some actionable recruiting solutions tailored for hiring teams to consider: 

Do you know the differences between Recognition, Reward and Award?

Recognition is an intangible acknowledgment of people’s behaviors, personal efforts or contributions. Reward is something tangible given in return for service or effort, and an Award is a symbol of recognition for an achievement or milestone.