As we wrap up 2023 and plan for 2024, we asked our LinkedIn followers to vote on their most concerning staffing challenges in the new year. According to Staffing Industry Analysts, talent acquisition, cyber security, and talent retention are the top three most serious challenges business leaders anticipate in 2024.
This prompted us to ask our 213K+ LinkedIn followers for their feedback.
“Which of the following do you anticipate being the most significant challenge facing businesses in 2024?”
Poll options included the following:
We received a total of 413 votes with the results listed below:
Talent Retention received the most votes with 52%.
Talent Acquisition came in second with 21% of votes.
Cybersecurity came in third with 14% of votes.
Reskilling/Upskilling came in last with 13% of votes.
Talent Acquisition and Retention
It is no surprise that finding and keeping skilled employees generated the majority of votes, as these are ongoing challenges that require companies to continuously adapt in a dynamic business landscape. However, business leaders do believe that hiring was easier in 2023 than in previous years according to The EAA 2024 National Business Trends Survey.
As companies increase their reliance on digital technologies, cybersecurity threats are more sophisticated and prevalent. This challenge has grown stronger as organizations undergo digital transformation to align technology initiatives with business success. To bridge the cybersecurity skills gap, some U.S. companies are offering internal training, with 43% helping employees pursue certifications according to SIA's IT Staffing report.
These are also top challenges as companies evolve, adopt new technologies, and strive to retain skilled talent. According to a report by IBM, business leaders say 40% of their workforce will need to reskill over the next three years as companies implement AI and automation. Organizations can provide training and upskilling opportunities to employees to help them adapt to new roles or collaborate effectively with AI systems to overcome this challenge.