2024 Recruiting Trends Part 5: Entry-Level Hiring
The article highlights a 2024 recruiting trend emphasizing increased entry-level hiring across industries, urging employers to lower excessive experience requirements to tap into a broader talent pool of new graduates and career changers, which can reduce hiring costs and foster skill development.
It’s the last of our five-part series focused on hiring trends to expect in 2024, and we’re digging into the expansion of entry-level hiring. Across all industries, newcomers to the market are searching for positions that allow them to grow their skills and abilities. Check out the benefits of opting for entry-level workers whenever possible.
Recruiting Trends Coming in 2024
Missed any of the previous trends? Here’s a quick recap:
- 1.An Increase in Upskilling
- 2.The Value of Automation
- 3.More AI in Recruiting
- 4.Hybrid Work Shifts
- 5.More Entry-Level Hiring
Trend #5: An Increase in Entry-Level Hiring
Filling open positions has become increasingly challenging in the recent past. Between rising recruiting costs and smaller applicant pools, finding and bringing on talent can feel like an impossible task. But here’s one thing that many employers are overlooking: Asking for too much experience can rule out great candidates.
More than one-third of entry-level job listings posted on LinkedIn require at least three years of experience. This requirement essentially eliminates anyone who is a newcomer to the field, likely discouraging them from applying at all. And even those who do choose to apply despite not meeting all requirements may get filtered out before they even reach your desk.
As someone responsible for hiring, it’s worth opening your positions to true entry-level candidates. New graduates or those who are embarking on career changes can make excellent contributions to the team and can be great fits in a variety of roles.
4 Reasons to Consider Entry-Level Talent
In addition to the advantages outlined above, here are four reasons to consider people who are truly entry-level (or have no experience in the field).
Lower costs
It’s cheaper to hire an entry-level employee than someone with multiple years of experience, which can really help your company’s bottom line. According to research published by Zippia, the cost to hire and bring on an entry-level team member is approximately 180 percent less than an executive-level employee. Since the average cost to hire is around 20 percent of an entry-level employee’s salary, you can save a lot by opting for new talent rather than hiring a mid-level employee, which costs 1 to 1.5 times the salary amount.
Easy to train
Another advantage of entry-level employees is their trainability. They are less likely to bring highly developed workplace habits or ways of doing things, so department leaders and executives can train them to handle work in the way that is best suited for the company. Additionally, newcomers to the workplace may be more likely to build healthier professional habits, which contributes to the overall morale and culture.
Familiarity with technology
In most cases, an entry-level employee is part of the younger generation, which means they are probably more familiar with today’s technology. Younger jobseekers are generally comfortable with current hardware and software platforms, which can serve as a significant asset to your business.
Enhanced diversity
People who aren’t as seasoned in the workplace bring unique perspectives that can promote enhanced diversity. It’s worth investing in people who are excited about the prospect of what your company can achieve and willing to put in the work to bring organizational goals to fruition.
With the right approach, adapting to this 2024 hiring trend can transform the way your company finds and onboards talented individuals. Skills don’t necessarily equate to talent and ability, so make sure to broaden your search and widen your pool of applicants in roles that lend themselves to on-the-job training and education.
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