Mid-2024 HR Market Update: Key Trends and Insights

As we reach the midpoint of 2024, the HR landscape continues to shift and transform, presenting both challenges and opportunities for professionals in the field.

Staying ahead of the curve is crucial but in an era where work-life balance is a constant pursuit, and long hours are the norm, we’ve curated the top four HR trends that are shaping the industry so far this year into a quick easy read.


The Quiet Hiring Revolution


Quiet hiring has emerged as a game-changer in many sectors, addressing the ongoing labor shortage while retaining valuable institutional knowledge. Companies are upskilling and cross training their existing workforce to fill critical roles. According to a recent survey by Gartner, 51% of manufacturing companies plan to prioritize internal talent mobility and skills development in 2024.


Luttrell Staffing Group’s Suggestion: Conduct a comprehensive skills assessment of your current employees and identify areas where for implementing cross-training. Develop targeted training programs to equip your workforce with the necessary skills to take on new responsibilities. Additionally, consider implementing mentorship programs to facilitate knowledge transfer and accelerate the upskilling process. Where skills gaps can’t be filled internally, consider skills-based hiring or filling skills gaps with temporary labor.


The Power of People Analytics


People analytics, the practice of using data and statistical techniques to inform HR decisions, is gaining traction in the manufacturing industry. By analyzing employee data, of both direct staff and contingent workers, companies can gain valuable insights into areas such as talent acquisition, retention, and workforce planning. According to a report by Deloitte, organizations that leverage people analytics effectively can achieve up to 14% higher productivity and 48% improved talent retention.


Luttrell Staffing Group’s Suggestion: Invest in robust data collection and analysis tools to gather and interpret employee data. Identify key metrics that align with your organization’s goals and use the insights to drive data-driven decisions.


Safeguarding Identity: Combating Fraud in Employment Documents


With the rise of digital onboarding processes and misused technology, the risk of fraud and identity theft in employment documents has increased. Ensuring the authenticity and integrity of these documents is crucial for maintaining compliance and protecting both employers and employees. A study by the Society for Human Resource Management (SHRM) revealed that 36% of organizations experienced issues with fraudulent employment documents in 2023.


Luttrell Staffing Group’s Suggestion: Invest in robust identity verification and document authentication solutions. Implement secure digital platforms for document submission and storage, and train HR personnel on identifying potential red flags. Luttrell has invested in companywide training in this area and has assembled a list of tactics that can be used in the interview process to validate the information provided. Reach out to learn more or connect about the checklist.


Embracing the AI Revolution in HR


AI is revolutionizing various aspects of HR, from recruitment and onboarding to performance management and employee engagement. Companies are leveraging AI-powered tools to streamline processes, enhance decision-making, and provide personalized experiences for employees. According to a report by IBM, organizations that have adopted AI in HR processes have experienced a 30% increase in efficiency and a 25% reduction in hiring costs.


Luttrell Staffing Group’s Suggestion: This is a work in progress for us, and we suggest each organization take the time to determine which tasks can be completed via A.I. without impacting the candidate experience or screening out potential candidates in mass. Continuous, relationship-based recruiting is not only good for your employer brand, it tends to lead to shorter hiring cycles and better hiring decisions. As a staffing firm, our recruiters don’t stop recruiting and nurturing candidates that may not be the perfect fit for one opening but may be down the line. Making sure we don’t lose our connection points factors into our usage of tech and A.I. In summary, the opportunities for efficiency are there but in active discussions with peers and customers, there is still a lot to assess and learn.



By staying informed about these trends and implementing proactive strategies, HR professionals can navigate the challenges and opportunities that lie ahead and lead their organizations forward. Please contact us today for more insights!