In the TRANSEARCH International 2023 People Management Insights survey, HR professionals from various industries identified several challenges for 2024. When asked about the greatest anticipated challenge, 22% of respondents cited “Hiring and Retaining Top Talent.”
As we near the end of 2024, the insights from the survey have proven to be highly relevant, with the challenge of hiring and retaining top talent continuing to be one of the most prominent issues faced by HR professionals globally.
The Ongoing Talent Crunch
At the start of 2024, the war for talent was already intensifying, with businesses grappling to attract skilled professionals across all levels. This challenge has only grown more pronounced as organisations in various sectors, from technology and healthcare to manufacturing and finance, seek individuals with specialised skills. The labour market has remained competitive, and companies that were proactive in enhancing their employer value proposition (EVP) and optimising talent acquisition strategies have managed to stay ahead of the curve.
TRANSEARCH International is one of the leading executive search organisations in the world. Headquartered in Europe, we have representation in The Americas, Asia Pacific, Europe, Middle East and Africa. Our global presence allows us to service companies around the world – covering all the major industry sectors. For over 40 years TRANSEARCH International has, as passionate experts in the executive search and leadership consulting industry, built leadership teams for our clients.
