25 May Navigating Human Resource Trends
We are about halfway through 2023, and many of the predictions about workforce trends are coming to fruition. We work with clients to turn trends into opportunities. Here are three top trends we are helping clients lean into to transform their businesses.
Remote Work is Here to Stay
Employees are still eager to have the opportunity to work from home, despite many companies bringing employees back into the office full-time. According to LinkedIn’s State of the Labor Market report, only 14% of job postings on LinkedIn are for remote positions. However, 50% of applications submitted via LinkedIn are for remote positions. If you offer remote work but do not list it in your job posting, you could miss out on potentially qualified applicants.
You may be missing out on securing top talent because your applicant pool is limited to only those who want to go into the office every day. According to Indeed, 94% of Gen-Z and 84% of millennials say they would not take a job that required them to attend in-person full-time. Additionally, 88% of Gen-Z and 69% of millennials would quit their current job if asked to come into the office full-time. Gen-Z and millennials are making up more and more of today’s workforce. To attract younger talent, offering a remote work schedule may be necessary. If your company does not offer remote work, it may be something to consider in 2023.
Greater Focus on Diversity, Equity and Inclusion
Companies continue to invest significantly in DEI because it’s the right thing to do, and job seekers prioritize DEI in their searches. Companies that embrace transparency and openly communicate how they are working to create more inclusive, equitable workplaces will stand out from the pack. DEI is proven to attract and retain workers, especially the younger generations
Now is the Time to Attract Tech Talent
Workforce trends can be confusing. If the economy is headed toward a recession, why are many industries still hiring and growing? Why are job opportunities increasing even as the economy slows down?
Many business segments are expanding as they rebound from the pandemic and adjust to a new normal. Industries like clean energy manufacturing, semiconductor manufacturing, pharmaceutical, and healthcare are growing.
Also, consumers continue to spend. Consumers are buying long-lasting manufactured goods like motor vehicles, household furnishings, equipment, recreational goods and clothes. They are spending on services, including hotels, restaurants and bars.
Some of the fastest-growing occupations in data processing, hosting services, semiconductor manufacturing, mental health services, and pharma manufacturing are all experiencing an increase in hiring demand.
With thousands of skilled tech workers open for work, it is an ideal time for growing companies to recruit those tech workers into their industries.
Succeed with Soteria HR
In today’s complex and competitive business world, human resources practices are more important than ever. Contact Soteria today.
Sources:
https://www.linkedin.com/pulse/november-2022-update-labor-markets-remain-resilient/
https://www.indeed.com/hire/c/info/future-of-the-great-resignation
