Future Trends In The Hot Job Market Will Focus On Diversity, Employer Branding, Proactive Recruiting And Non-Location-Based Pay
As the year is slowly coming to an end, it’s a great time to gaze into our crystal balls and see what may happen in the future. In a conversation with Samantha Lawrence, senior vice president of people strategy at Hired, the largest AI-driven marketplace that matches ambitious tech and sales talent with the world’s most innovative companies, she offers her take on the job market.
Divide between the companies prioritizing and deprioritizing Diversity and Inclusion
Lawrence contends that the “winners” will be the forward-looking, progressive organizations that “double down” their efforts on Diversity, Equity and Inclusion. It’s not just a nice thing to do; by attracting and recruiting a wide range of diversity candidates, companies will build a pipeline of top talent.
As companies are going remote, businesses no longer have to settle for candidates that reside within a reasonable commuting distance. They can solicit potential applicants anywhere across the U.S. and around the world. The “losers” will be the corporations that neglect to focus on their people. In pursuit of growth, they don’t pay attention to attrition.
Pressures for pay equity will increase drastically
Google and other prominent tech companies have taken a tough approach to remote workers’ compensation. Rather than allowing a person to earn what they made while living in a large city, such as San Francisco or New York, they are adjusting pay lower, if the employee relocates to a lower cost location.
To compete in this new remote environment, Zillow and other companies are doing away with location-based pay. These firms focus on skills, experience, output and productivity over where they happen to sit.
In a hot job market, characterized by both a Great Resignation and war for talent, recruiting needs to change with the times. The standard practice of hiring was to wait for an opening and then recruit to fill it. With millions of Americans quitting their jobs and over 10 million jobs open, there is a dire need to think differently.
Instead of sitting around and waiting, companies looking to stay competitive will need to search for and engage with talent on a continual basis to accelerate their hiring. This could alter the way recruiters work. They’ll need to be strategic and offer a continual personalized reach out to potential candidates. In-house corporate talent acquisition professionals must stay in close touch, nurturing relationships with potential future applicants, and build a solid pipeline, so their company won’t struggle when there is attrition and seats must be quickly filled.
The rapid increase in venture capital investment in human resources software will be critical to support these efforts, by increasing efficiencies and accelerating a strong pipeline of qualified and interested candidates in a way that HR teams alone cannot achieve.
HR teams will need to navigate complex compliance challenges
Now that companies can hire anywhere around the world, there will be even more paperwork for HR professionals. As a job seeker, you won’t see all of the things that need to be done to bring you aboard. HR must become cognizant of how states in the U.S. and other countries require employment laws, taxes, payroll, benefits and other matters. With the shift to global employment, HR pros will need new skill sets to operate—and stay compliant—in this new environment.
Employer branding will make the difference in 2022
Businesses advertise their goods and services to obtain customers. In a tight job market, with no end in sight, employers will need to brand themselves as a great place to work, too. Brand recognition has risen to a top priority for companies in 2021. In 2022, businesses will need to effectively communicate benefits, perks, and most importantly, culture to attract talent and stay viable.
HR teams need to prioritize employer brand initiatives—or even define and hire for a head of employer brand role—to convey their culture, values and vision. And this effort shouldn’t end at the exit interview. Company brand and culture should extend further to ensure employees are ambassadors for life
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How To Answer Why You Left (Or Want to Leave) Your Employer If you want the job, don't reveal this. Job interviews are designed to..
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Jan 4, 2019A good LinkedIn Summary
Here's how to write a LinkedIn summary that could help you land your dream job, according to a marketing director at LinkedIn You might approach..
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Dec 14, 2018Stay Focused Through the…
14 Ways to Stay Focused at Work Through the Holidays We’re in the midst of the holiday season, and as you try to juggle parties,..
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Nov 23, 2018Help Your New Hires…
3 Ways You Can Help Your New Hires to Succeed Filling a vacant position is expensive, and unless you do these three things, it's liable..
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Nov 15, 2018A Successful Meeting
Three Ways To Prevent Someone From Stealing Your Spotlight In A Meeting We've all been there at one point or another. You're in a meeting,..
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Oct 26, 2018Recruitment in Cyprus
Recruitment in Cyprus - Thoughts and Ideas from Advance Career Team Read the detailed interview published on TopJobsCyprus website and share your comments and ideas!..
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Oct 12, 2018Integrators VS Segmentors
Are your employees integrators or segmentors? An organization has both integrators and segmentors. Being a segmentor is a tough ask. If you choose to be..
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Sep 28, 2018Avoid Toxic Team Members
Are You Hiring a 'Team' Player -- or Someone Just Looking out for No. 1? How can leaders make sure they're not unwittingly inviting a..
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Sep 14, 2018Update Your Resume
Updating Your Résumé Might Mean Updating Yourself It seems like a total no-brainer: you should update your résumé and online profiles when you are job..
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Sep 7, 2018Tap Into Your Motivation!
Putting Yourself In Drive: How To Tap Into Your Motivation The one common component in every great success story is motivation: an ever-elusive elixir that..
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Aug 31, 2018Enhancing your job search
How To Bounce Back When The Job Search Gets You Down With a dream job in mind, an updated résumé in hand and responses to..
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Aug 17, 2018Social media can cost…
When 'What Happens In Vegas' Ends Up In Your Job Search What happens in Vegas really doesn’t stay there. That “funny” picture about that..
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Aug 3, 2018Emotional Intelligence at Workplace
How To Develop More Emotionally Intelligent Employees In the quest to develop leaders who will foster a culture of equity and inclusion in the workplace,..
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Jul 6, 2018Hiring the right people?
5 Steps to Hiring the Right People for Your Business "Hire slow, fire fast" is great advice, but it's not always easy to follow. The..
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Jun 29, 2018Ready for Entrepreneurial Success?
4 Entry-Level Jobs That Will Prep You for Entrepreneurial Success Success is a journey, not a destination, so think hard about where to start. Entrepreneurship..
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Jun 15, 2018Experience or Talent?
When to Hire Raw Talent vs. Job Experience Experience is a must for some jobs, but people with raw talent offer unique benefits. You have..
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Jun 8, 2018Back On Track
How to get back on track when you’re having an unproductive day A rocky start shouldn’t dictate your entire workday. Do these things to reverse..
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May 11, 2018Employee Onboarding Strategies
Seven New Onboarding Strategies You'll See This Year According to a study from Equifax, more than half of all employees who left their job in..
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May 4, 2018Strategic Workforce Tools
Your Workforce Tools Are More Strategic Than You Might Think This is not a typical article about attracting talented job candidates or retention — while..
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Apr 20, 2018Engagement Strategy
Don’t Let ‘Meaning’ Be Missing From Your Engagement Strategy Meaning is one of the five keys in building employee engagement and it may be the..
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Mar 30, 2018Inspire Change In Your…
4 Ways To Inspire Change In Your Employees Have you ever listened to a speech that inspired you so much, you were ready to make..
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Mar 23, 2018Employees Feel and Act…
7 Ways to Incent Employees to Feel and Act as Owners Building accountability into your business culture is a leadership process. It can't be driven..
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Mar 16, 2018Don’t Shuffle People Into…
Don't Shuffle People Into the Wrong Job Just Because They're Already on the Payroll You grow your company by putting proven performers where you need..
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Feb 26, 2018Minimise Workplace Negativity
Tips for Minimizing Workplace Negativity To Deal with Negativity in the Workplace, Use These 9 Tips Nothing affects employee morale more insidiously than persistent workplace..
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Feb 16, 2018Fail at Switching Jobs?
This Is the No. 1 Reason Why People Fail at Switching Jobs (and What to Do About It) There's a reason changing careers is so..
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Feb 2, 2018A Technique To Get…
Didn't Get Your Dream Job? This 1 Technique Could Get You a Second Chance Every job seeker experiences this at least once, if not several..
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Jan 26, 2018Prepare new employees for…
The Best Way to Set New Employees Up for Success Create an onboarding program that's both meaningful and memorable Congratulations; you've just hired a terrific..
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Jan 19, 2018First Hour, Day, Week,…
Do This In Your First Hour, Day, Week, And Month Of Your New Job Getting settled into your new job is the ultimate act of..
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Jan 5, 20187 Ways Modest Leadership…
7 Ways Modest Leadership Increases Team Success When we imagine the traits of successful leaders, whether they are managers, high level executives, CEO's or owners..
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Dec 15, 2017Employee stress during Christmas
Managing employee stress during the festive period More than half of employees feel stressed in the weeks leading up to Christmas, with most calling for..
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Dec 1, 2017Appreciating your employees
How to Avoid the No. 1 Reason People Leave Their Jobs William James, the father of psychology, stated that the most fundamental psychological need is..
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Sep 15, 2017Lost your Job?
Nine Things You Should and Shouldn't Do If You Lose Your Job Most of us wouldn’t think to associate the words "joblessness" and "fun," but..
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Aug 16, 2017Write your first CV
It's all about potential: how to write a CV with no work experience Follow these tips to stand out among competing candidates – from research..
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Aug 4, 2017Is it time to…
The Best Ways to Reward Employees. Having an effective reward program in place can help solve many of your HR issues. Every company needs a..
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Jul 28, 2017Burnout: exhausted or lonely?
Burnout at Work Isn’t Just About Exhaustion. It’s Also About Loneliness More and more people are feeling tired and lonely at work. In analyzing the..
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Jul 21, 2017People don’t take HR…
People Don’t Take HR Seriously; Here’s Why That’s Dangerous Legacy beliefs like being the bad guy and a lack of strategic vision isolates HR, and..
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Jun 30, 2017Career Development
Think Strategically About Your Career Development In a world where the average employee sends and receives 122 emails per day and attends an average of..
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Jun 16, 2017Diversity and Inclusion
Diversity Doesn’t Stick Without Inclusion Leaders have long recognized that a diverse workforce of women, people of color, and LGBT individuals confers a competitive edge..
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Jun 2, 2017Advance Your Career
How To Advance Your Career In A Crappy Entry-Level Job Yes, you can still bring yourself one step closer to snagging that dream job even..
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May 8, 2017Interview Preparation
Interviews are generally regarded as the primary decision-making event in any recruitment process. Regardless of your academic credentials or career thus far, it is crucial..
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May 2, 2017Employee Burnout
What causes burnout and how it can affect both the employees and the organisation How HR Can Help Prevent Employee Burnout An engaged workforce. It's..
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Apr 3, 2017Interview questions you have…
Studies have shown that structured interviewing is more than twice as reliable a predictor of future employee performance than unstructured interviewing. That is why most..