HireVue, the pioneer and global leader in human potential intelligence, has released its comprehensive report, The State of Global Early Career Hiring 2024. Produced in partnership with the Institute of Student Employers, the National Association of Colleges and Employers, and the Australian Association of Graduate Employers, the report reveals key insights into the evolving landscape of early career recruitment across the globe.
Driven by the need to fill skill gaps in a rapidly changing job market, the report highlights a global shift towards skills-based hiring and away from traditional graduate screening proxies.
- In the U.S., less than 40% of employers report that they are screening candidates by GPA this year.
- In the U.K., 54% of employers expect to move to a recruitment approach that focuses on evaluating candidates based on their skills, rather than education or past work experience alone.
- In Australia, only 30% of employers say they feel examination results are “very important” or “quite important” to assess during the selection process, down from 38% in 2022.
“Employers need to hire based on the potential of candidates to adapt in a rapidly changing environment,” says Dr. Nathan Mondragon, chief IO psychologist at HireVue. “IO psychologists have always recommended hiring based on a combination of skills, motivations, and individual characteristics, and it’s great to see wider acceptance of the methodology. This holistic approach is helping organizations unlock the true potential of early career talent.”
As recruitment teams face increased pressure with rising application numbers and ongoing budget constraints, the report underscores the importance of leveraging new technologies to improve efficiency while maintaining a personalized candidate experience. The adoption of AI in recruitment continues gathering pace, with notable increases in its use for psychometric assessments.
- In the U.S., more than 40% of career services professionals report using AI for work tasks.
- The U.K. has seen AI usage jump from 9% to 28% in 2023.
- Australian professionals report significantly lower adoption of the technology with just 16% of organizations currently using AI as part of their recruitment process.
