Talent Trends 2024Uncover how workers really feel about salaries, company culture and the impact of gen AI on their careers. Discover the Expectation Gap between employees and employers, and learn how to bridge it effectively. The Local PictureHow are these trends playing out in Australia? Download Australia ReportDownload Australia Report BackAre you looking to make strategic hires or enhance your recruitment process?Or are you searching for career insights to navigate the job market effectively?Whatever the challenge, we’ve got you covered. First Name Last Name Email Job Title Company Phone Job Sector - Select -ConstructionDigitalEngineering & ManufacturingExecutive SearchFinance & AccountingFinancial Services & BankingHealthcareHuman ResourcesITLegalLife SciencesMarketingProcurement & Supply ChainProperty & ConstructionRetail & SourcingSalesSecretarial & Office Support Location - Select -AdelaideBrisbaneCanberraMelbourne - CBDPerthSydney - CBDSydney - West How can we help you? - Select -I have an immediate hiring needProfessional use Tell us about the role you are looking to hire I consent for PageGroup to collect, use and disclose to companies within PageGroup, my information provided for marketing purposes. PageGroup companies may contact me either by phone or email regarding the latest industry insights and developments.IMPORTANT: By submitting your email address and any other personal information to this website, you consent to such information being collected, held, used and disclosed in accordance with our PRIVACY POLICY and our website TERMS AND CONDITIONS. Employer's Report Job Seeker’s ReportThe APAC OverviewYour comprehensive guide to navigating the talent market Download APAC ReportInteractive ToolGain even deeper insights and view our data your way Try Our Tool Now Who took our survey?50,000Participants51Markets / Regions31Job FunctionsWhat’s inside? SalariesGlobal wage growth, initially rapid post-pandemic, is now decelerating. Yet, worker demands for higher salaries persist. Are raises feasible? DE&IWork-life balance is not a ‘nice to have’, but a ‘need to have’. Employees are also voicing concerns over inclusivity and discrimination. How can businesses foster a culture that accommodates everyone? Gen AIWhile speculation abounds regarding gen AI's future role in reshaping industries, its current impact is undeniable. Is uncertainty over new technology causing tension? Try Our Tool NowHow can Talent Trends help you? Attract Top TalentElevate your recruitment strategy by knowing precisely what job seekers expect. Retain Your BestKeep your top performers satisfied and engaged. Competitive EdgeStand out among competitors. Sharmini WainwrightSenior Managing Director NSW & QLD, PageGroupAn Expectation Gap has emerged in the workplace, presenting significant implications if you are looking to hire or retain talent.While workers’ demands are expanding beyond competitive salaries and flexibility, their employers are facing multiple pressures in a rapidly evolving business environment. David GeorgeSenior Managing Director VIC, WA & ACT, PageGroupTo uncover the reality of this new dynamic, we surveyed employers, employees, and job seekers in Australia for our 2024 Talent Trends report.Despite slowing global wage growth, workers still expect higher salaries to keep up with the rising cost of living. How can both sides meet in the middle?FAQs What is Talent Trends? Talent Trends is a comprehensive study of skilled professionals across a multitude of industries. It provides data-driven analysis and actionable insights into the job market, helping businesses navigate the shifting labour market and shape their talent strategies. How many participants were surveyed? Some 50,000 participants were surveyed across 178 markets in Africa, Asia Pacific, Europe, North America, South America, and the Middle East over Q4 2023. This makes it one of the most extensive studies in 2024 geared towards understanding the evolving expectations of the workforce. What does the report reveal about talent? The report provides employers with an end-to-end understanding of workers’ motivations, attitudes, perceptions, beliefs, and values. It identifies the key drivers within both the hyper-local and global talent landscapes in key areas such as salary, culture, values, work-life balance, DE&I, and talent development. Can the report help businesses with talent development? Yes, the report identifies the key drivers in talent development. By understanding the preferences and aspirations of skilled professionals, businesses can design effective talent development programmes and initiatives to nurture and retain their employees. Are the insights in the report up to date? The report includes data collected over Q4 2023, and comparisons with the data from our 2023 Talent Trends survey, carried out in Q4 2022. It provides up-to-date insights into the talent market for the year 2024. How can businesses use these insights to shape their talent strategies? The insights in the report allow businesses to align their talent strategies with the preferences and values of skilled professionals. By understanding key trends in areas such as salary, culture, work-life balance, and talent development with a strategic approach to diversity, equity, and inclusion, businesses can attract and retain top talent, creating a competitive advantage in the market.As an example, flexible work is one of the future-defining trends that will continue to influence recruitment strategies. Offering flexible and remote work options is crucial for businesses that want to attract and retain top talent by promoting better work-life balance and supporting mental health. How is the recruitment landscape changing? Recruitment trends continue to be a key business driver, profoundly influencing the future of the job market and how companies recruit, engage, and retain talent. The report provides up-to-date insights into how recruiters and hiring managers will need to adapt to the ongoing changes within the global talent market. This adaption aligns with a broader strategy to enhance employer branding and strengthen talent acquisition efforts.Michael Page Talent Trends 2024Welcome to our Talent Trends 2024 study, presented by PageGroup’s talent intelligence and insights experts, Page Insights.Talent Trends is our annual global survey of skilled professionals. We aim to provide data-driven analysis and actionable insights into the job market, ultimately helping our customers shape their people strategies.Whilst our 2023 survey uncovered a significant shift in the world of work, which we called The Invisible Revolution, the situation has evolved again for 2024.On the one hand, workers have a growing list of expectations that extend beyond competitive salaries and flexibility. On the other, employers are facing significant pressures in a rapidly evolving business environment, making it harder for both sides to meet in the middle.Finding people strategies that work for all is becoming more of a challenge - something we call 'The Expectation Gap’.You can explore what this means for your business in the content available on this page, where we outline the global story, drill down into the local picture in your market, and allow you to view our data your way with our interactive tool.
