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The economic growth is flattening due to local political circumstances on the one hand and global circumstances on the other hand. As a result, companies are becoming more hesitant to hire new employees, which will result in less vacancies in 2024. Next to that, employees with temporary contracts - especially grads - are less likely to get a permanent contract. As a result, the labor market will be more balanced in 2024, and not exceptionally tight anymore.
The demand for interim professionals will remain high in 2024 and is likely to increase within the Retail and Banking & Financial Services sectors. The number of interim professionals is rising as well, because the idea that freelancing can improve your income is one that more and more professionals are embracing. The income of permanent employees is unlikely to increase, as most of them received pay rises in 2023 due to inflation. This is especially the case for the public sector, because many negotiations for the salary levels in 2024 were concluded in 2023.
Career development opportunities, remote working and flexibility will continue to be important factors to attract employees in 2024, especially young professionals. Baby boomers seem to be the only age group to place less value on flexible working. Finally, diversity is becoming more important within the workplace. More and more organisations are setting diversity quotas for their workforce, which is having quite an impact on their recruitment processes.
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