1. THE LABOR MARKET WILL CONTINUE TO BE TIGHT
Despite many layoffs at tech and financial services companies, it appears that workers will still have a higher level of leverage in the labor market next year. One reason is the limited supply of workers due to the decline in the working age population.
2. DIVERSITY, EQUITY AND INCLUSION
There will continue to be a significant emphasis on DEI as the younger generation is very concerned about these initiatives and will make that issue part of their decision making process for new employment.
Most of our clients have a strong desire to ensure a more diverse working environment and utilize our services, as we have always provided diverse candidates to all of our clients nationwide.
3. REMOTE WORKING/HYBRID/IN THE OFFICE 100%
While many employers are not happy with the concept of remote working and prefer getting their employers back to the office, we are finding that companies offering remote working arrangements are the most desirable nationwide. We are suggesting that employers offer a hybrid arrangement when you are initially trying to get your employees back to the office rather than go from one extreme of completely remote to back in the office 100%.
4. ATTENTION TO WELL BEING AND HAPPINESS
We find that those companies that show more interest in their employees and their mental and physical well being, are attracting more talent than those who are not paying attention to these issues. Flexibility is also a very important issue for most employees.
5. COMPENSATION AND BENEFITS
While there are many issues being considered today, salary and benefits are still essential areas of interest. With inflation and interest rates at a very high level, employers will have to continue to keep up with the market and pay competitive salaries and offer strong benefits to attract candidates.
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