HR & RECRUITMENT
Who you are tomorrow begins
with what you do today.
Global Talent Trends
The traditional dynamic where employers hold the upper hand is changing. Employers no longer have complete power over where people work, this cost and control over how and what information is shared with them.
Today as technology is evolving and more employees have access to better technology, this is leading them to share more data which means that employers are being held to higher standards. This is down to candidates expecting better flexibility and transparency from companies which seek to attract them as potential employees.
On the other hand, these companies seek talent which is not only technical but can think creatively, adapt to different situations quickly as well as be able to collaborate efficiently. The embracing of a more equal employer-employee relationship isn’t just for show but because it is good for business.
This report identified four key trends which are demonstrating this emerging dynamic: soft skills, work flexibility, anti-harassment and pay transparency.
As technology is evolving and AI/Automation are being used in a wider scope, and an increase in its reliance and importance has meant that candidates need a strong set of soft skills. 91% of HR managers and talent professionals think that even is a candidate is highly qualified, but lack soft skills, they will not fit into the company culture.
Soft Skills are something which is nurtured and not instantly learned and as such, it could be a make or break situation when it comes to new hires. This can be further exemplified by many talented professionals who feel that bad hires usually stem from candidates lacking interpersonal soft skills.
As life gets busier and faster, many candidates and employees are seeking more flexible working arrangements away from the traditional 9 to 5 setup. Around 31% of employees and candidates are looking for more flexible working arrangements when either negotiating with a potential employer or renegotiating with their current employer. Everyone is busy with their lives – family, parents, pets, extra curriculars; and many want to ditch the ‘always on’ mentality which has left a big impact on everyone.
Stress levels are increased when people are expected to be at the back and call of their colleagues or employers and many want to be given more flexibility to unwind and change their working environment. Given how technology has evolved, many expect this agility and flexibility to be accepted if not encouraged.
Moving further, this report gives a glimpse into the new focus and strategies being used to help eliminate sexual harassment. Research has shown that there has been a 71% increase in content being published related to workplace sexual harassment. This is a good thing!
Discussion regarding sexual harassment has progressed with many more companies promoting dialogue related to the subject. In spite of the fact that this discussion is increasing, more work on the subject is needed. The report finds that only 34% of respondents said that their company have zero-tolerance policies which are slightly shocking as stated by Josh Bersin, a global HR analyst.
Janine Yancey, CEO at Emtrain, feels that anti-harassment policies alone won’t change the issue or even stop it. It is imperative that companies not only create these policies but also create a strong culture of respect and inclusion at the office.
Finally, when it comes to salaries, there has been an exponential increase in pay transparency. While many believe that pay increases aren’t keeping up with the rising costs of living and inflation, they welcome the transparency in having an idea of how much colleagues earn.
Yes, it is impossible to ask your finance chief to increase salaries for everyone, but having a conversation about transparency isn’t that difficult. Having pay transparency not only creates trust but also fairness.
In conclusion, with much more information becoming available on both sides of the table both in terms of positive and negative, two-way conversations are becoming increasingly popular. This is not because it looks good but at the end of the day, it’s good for business as it makes negotiating easier and more ethical.
The full report can be viewed here.