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Despite $75B in VC Investments in Q4, Startups Struggle to Secure Funding

Venture capital investment in U.S. startups surged to $74.6 billion in the fourth quarter of 2024, a significant rise from the $42 billion average...
HomeIndustryHuman Resource Management (HRMS)In 2024, fewer remote and hybrid jobs offering high pay appear to...

In 2024, fewer remote and hybrid jobs offering high pay appear to be available

The first quarter of 2024 witnessed a significant decline in the availability of high-paying jobs, particularly those offering $100,000 or more, according to a report from Ladders. The report highlighted a 40% decrease in the availability of hybrid roles compared to the previous quarter of 2023. Additionally, remote work opportunities experienced a 33% drop during the same period, now constituting only 9% of six-figure career options. Conversely, in-person roles saw a 7% increase, representing 89% of high-paying job opportunities.

John Mullinix, Ladders’ director of growth marketing, noted that while there has been an increase in high-paying job opportunities overall, these roles increasingly require in-person attendance, reflecting higher expectations from employers.

The report, based on the analysis of over half a million job postings from January to March 2024, identified healthcare as the leading industry for high-paying careers, despite a slight decrease in the total number of jobs. Legal and accounting professions gained a larger share of available jobs, while pharmaceuticals and biotechnology experienced a decrease.

This trend aligns with recent observations of declining remote and hybrid job availability. Data from GlobalData indicated a rise in job postings with the term “hybrid work” during the second quarter of 2023 compared to the previous year, while postings for “remote work” and “work from home” declined. Moreover, a report from Indeed Hiring Lab highlighted significant drops in remote job postings, particularly in human resources and corporate roles such as marketing, media, and communications.

Despite the reduction in remote job opportunities, there remains a disparity between the preferences of job seekers and the offerings of companies, as indicated by BuiltIn.com’s report. This discrepancy could further exacerbate challenges in matching candidates with suitable job opportunities, contributing to the ongoing talent shortage.