Stagnation or stimulation? Fall in interest rates key to business prosperity in 2024

Despite a cooling job market, vacancies remain close to a million, up from pre-pandemic levels but down 27% from 2022’s peak.

Employers face the challenge of balancing caution amidst economic uncertainties while striving to drive organisational growth through critical hires. Despite salary increases, budgetary constraints persist, offset by potential boosts in consumer spending due to tax cuts. To attract and retain top talent, employers must prioritise beyond financial rewards, focusing on employee value propositions and well-being initiatives.

Despite challenges, 2024 offers cautious optimism.

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