Zweig Group is proud to announce the release of its 2024 Recruitment & Retention Report of AEC Firms, which covers all areas of recruitment and retention from the search process, integrating a new candidate into a firm, HR departments' involvement in the process and even the use of outside executive search firms for finding top talent. 2023 was a year of significant learning in the battle for top talent. In 2024, it’s essential to consider the critical shifts that have shaped the landscape of recruiting and retention.
One of the most significant findings in this year's report is the increase in HR spending, which has risen from 1.3 percent of net service revenue in 2023 to 1.6 percent in 2024. This growth highlights the industry’s ongoing commitment to securing top talent, recognizing the critical importance of investing in human capital to drive business success.
Additionally, the 2024 report reveals a notable shift toward transparency in compensation practices. In 2023, none of the firms surveyed reported that their employees had access to formal compensation data. However, by 2024, 15 percent of firms have taken significant steps to provide all employees with access to this crucial information. This shift reflects a growing emphasis on openness and fairness in the workplace, as firms strive to foster a culture of trust and accountability.
Zweig Group's 2024 Recruitment & Retention Report is an essential resource for AEC industry leaders seeking to stay ahead of the curve in attracting and retaining top talent. The report offers valuable insights and actionable data that can inform HR strategies and support the development of competitive, equitable workplaces.
While 2023 offered valuable lessons, 2024 continues to present opportunities to redefine success. By staying focused on these foundational areas, your firm can adapt to ongoing challenges and secure the talent essential for future growth. Read the full report here!
