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Talent shortages and budget cuts drive shift to tech and skills-based hiring

London, UK - 5th March 2024 - Leader in Human Potential Intelligence, HireVue, reveals new data from its Global Trends Report highlighting a significant shift in hiring strategies driven by financial pressures and changing candidate expectations.

HireVue surveyed 900 hiring professionals and 2,319 candidates in the UK, revealing new hiring strategies focused on using technology and a skills-first approach to find the best candidates and achieve Diversity, Equity, Inclusion and Belonging (DEI&B) goals.

Tech budgets increase, despite overall cuts
Economic headwinds are forcing nearly half of UK businesses to tighten their hiring purse strings with 47% cutting budgets over the last 12 months. In response, 30% are turning to technology by increasing their tech budgets, in the hope of...

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