Nearly 83% of employers anticipate increasing (24.9%) or maintaining (57.7%) hiring for the Class of 2024, leaving 17.4% planning to decrease hires, but their planned cuts mean overall hiring projections are down 5.8% from 2023, according to the Job Outlook 2024 Spring Update survey issued by the National Association of Colleges and Employers (NACE).
“Note that the dip follows historic hiring that followed the pandemic, suggesting that the cutbacks reflect a return to ‘normal’ hiring plans. Moreover, the data indicate that decreases are largely tied to particular respondents, especially by industry,” explained the survey of 226 total respondents that was conducted from February 6, 2024, to March 15, 2024.
“For example, chemical manufacturers, which planned a hiring increase of slightly more than 30% last year, expect to decrease their hiring by almost 13% for the Class of 2024. The same is true for computer and electronics manufacturers as their planned increase for last year’s class (19.1%) has dropped to a decrease of almost 12% this year,” the survey stated.
“On the other hand, there are industries with positive projections this year that had planned decreases last year, including miscellaneous manufacturing (20.3% this year compared to -4.6% last year), utilities (0.3% compared to -39.0%), and miscellaneous professional services (5.8% compared to -16.6%),” explained the survey that is available here.
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Thomas Ahearn - Digital Content Editor
Thomas Ahearn is a Digital Content Editor at ClearStar, a leading Human Resources technology company specializing in background checks, drug testing, and occupational health screening. He writes about a variety of topics in the background screening industry including Artificial Intelligence (AI), "Ban the Box," class action lawsuits, credit reports, criminal records, drug testing, Equal Employment Opportunity Commission (EEOC), Fair Credit Reporting Act (FCRA), identity theft, privacy, social media screening, and workplace violence.
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