Trends in the job market
Working from home, virtual meetings and an increased demand for job functions with a higher purpose are some of the impact the COVID-19 pandemic had on the job market worldwide While the specific effects can vary by region and industry, here are some general trends that have emerged:
Shift to remote work
The pandemic accelerated the adoption of remote work and flexible work arrangements. Companies across various sectors quickly transitioned to remote operations to ensure business continuity. As a result, remote work opportunities expanded, and companies began embracing hybrid work models. Often job seeking candidates are asking for the flexibility to work from home several days a week. On the opposite site, we do rarely experience candidates asking for a 100% remote option. There is still a requirement from organizations to have employees represented physically at some point to the organization and vice versa.
The pandemic accelerated digital transformation initiatives as organizations sought to adapt to remote work and changing consumer behaviors. The overall change came with the increased demand for on-line meetings, where the demand performing well on-line increased. Employees are required to control the technologies and amend to a stricter meeting structure compared to physical meetings. We see a tendency in meetings being requested online if the distance is too long or the weather forecast invites for staying at home.
Shorter work week
As a trend we see an interest in reflections about work life and has grown the interested for spending less time on work and more time on leisure, rest and family. More candidates are asking for more vacation or shorter work weeks to balance both the need for a career and family life or personal developments.
We see an increased demand from our candidates for a job with a higher purpose. The more consistent the role’s and company’s purpose and mission are with the candidate’s individual goals and preferences, the higher their motivation is. Financial aspects of the offers are of course still important but what really counts in the end is the belief in contributing to a job with a higher purpose and a greater meaning. This can be both the organizations’ products or the job content itself.
The traditional job market
As a hiring organization it is important to adapt to these trends in order to keep attracting employees. In today’s job market the traditional needs as salary, company brand and job title are being challenged by the above considerations.
At Kure Search we have developed a model to embrace all the trending needs that we hear from candidates when interviewing them.