During my day to day work I’m often asked how is the market?
And so with that in mind, here are just some of my thoughts and observations on emerging trends in recent times…
- Firstly, we’ve seen a dramatic increase in Consultancy/ Interim led work, probably born out of cost-cutting and short term measures companies have taken because the medium to long term is hard to predict.
- Hiring for experience has never been more important to help companies steer through challenging times. Resilience and agility are top of the attributes wanted.
- The shift to remote working has, in many cases, removed geographical barriers that previously may have existed for many employers therefore increasing the potential talent pool they can consider hiring from.
- As businesses look at improving their P&L (to deliver shareholder value), decisions on moving to less expensive office locations or smaller head office premises form part of an overall bottom line improvement strategy – in line with changing employee working habits i.e. less time in the office and more at home.
- We’re experiencing much shorter time to hire timescales due to the utilisation of video interviewing and less time spent travelling attending multiple face to face interviews.
- Candidate priorities have shifted. Generally speaking, their focus is more than ever on work-life balance, job satisfaction and being aligned to products, culture and company values rather than salary i.e. wanting to work for an employer they truly believe in and are intrinsically aligned to.
- Working from home and screen time fatigue is setting in for many. For some, the novelty of WFH has passed, potentially leading to a decrease in productivity for those who aren’t as disciplined with their daily routine. People are missing face to face office comradery with their colleagues.
- People are re-learning the power of good old fashioned networking. Keeping in touch with work friends, colleagues and old work acquaintances. It’s a great strategy to helping you secure your next job role.
As the industry continues to re-shape itself to meet new consumer demands and behaviours, I’m convinced more new trends and work-related behaviours will emerge over the coming 12 months.
As a final note, whilst the market is still incredibly challenging due to world events, I’m optimistic that over the next 6-12 months the need for the very best talent will never be greater as businesses turn their attention away from ‘survival mode’ into ‘thrive’ mode and therefore putting people and structures back in place for a big 2021 and beyond…
What are the new trends and working behaviours you have you seen emerge as a result of the global pandemic?
Which trends have you embraced and hope will stay for the long term?
Please share your experiences.