Curious about what the staffing landscape of 2021 looks like? Dive into this article to know about the predictions for this year.
The dawn of Covid-19 has changed the world in ways that we're just beginning to fathom. Many of us felt a sense of shock with the sudden & extreme eruption & escalation of this disease, which shook the world from its core.
The human race, locked within four walls, experienced the tremors not only in their personal but also in their professional lives. If the disease brought vulnerability, it also brought resilience & strength to the picture. What we thought would break us, led to an unpaved road to transformation, that we're all trying our best to smoothen.
One of the sectors that bore and endured the greatest hit is the 'Staffing Industry' due to the layoffs & hiring freezes, caused by financial restraints and crises. But simultaneously, some sectors within the staffing industry like the medical, logistics, and retail sale sectors witnessed their highest peak ever. The overall decline in hiring this year will see a fast-paced growth in 2021 when the population has been given a vaccine.
So, let's have a look at the staffing trends which have been predicted to prevail in the upcoming year:-
1) Multi-Generational Workplaces
59% of respondents, according to a Deloitte survey, thought that generational differences couldn't be bridged, but deeper research indicates quite the contrary.
2021's staffing industry will see more cross-border employees with diverse backgrounds. With GenZ entering the field, we'll have changes in how employees and employers think, and their approach towards work. We're going to look at a multi-generational workforce, that will possess the wisdom of yesterday and vision of tomorrow.
It won't be strange to find 65-year-old interns to work side by side with 25-year-old managers. The relevance of generation will start to diminish in workplaces, and all workers, irrespective of their age, experience, or qualification will be more vocal about their needs.
2) Remote Employment & Working From Home
The pandemic forced the best of us to adhere to a new style of working - which is from home. Initially, it was a bit challenging to adapt to this change but now that we have, organizations have realized that proficiency and efficiency of work aren't limited to only in-office work or employees.
The stats say that 91% of staffing professionals have used video interviewing or video conferencing solutions to get by during these tough times. And remote work and recruiting behavior shall remain the same by 64% and not be solely office-based. They have tested the waters and have concluded that the flexibility, convenience is much easier, and the staffing process and the staff themselves can work well even when it's done from a distance.
Organizations will keep their concern for employees' needs central to their employee management plans, which will lead to more remote work and will support the hiring of off-site workers even more.
Additionally, this also means that companies will begin looking beyond their borders, outsource, and will experience a renewed push and perception that which change a disadvantage into the new normal.
3) The Inevitable Growth of Staffing
Balance is the key to life and work. And organizations understand that. Due to the widespread layoffs, and pausing of positions - they went a little back down the ladder but in 2021, they will pick up the pace and catch up with filling up their vacancies to level up their respective workforce.
Once the economy falls back on track and getting rid of the aftereffects of recession becomes a priority, the hiring process will be powered up. The projects that we've put on hold, will require to be staffed again. When the employees return or new employees come in, inevitable growth will be seen in the staffing industry.
According to Statista, the US was leading the staffing industry in 2019 by amounting to 151.8 billion dollars. Although, due to the pandemic, it dropped down to 119.4 billion dollars in 2020. But this decrease is temporary, as the market size of this industry has been predicted to go up to 136.4 billion dollars in 2021.
4) The Human Resources Department Will Be More Flexible
According to a survey based on 38,000 employees in about 43 countries, flexible and long-term options for work will become the new norm. It was reported that Greece, Singapore, Belgium, the Netherlands, and Australia have been dominating the staffing market by providing the utmost flexibility to their employees, whereas, China, the US, Poland, and India are a little behind in this regard. The leading countries have come up with a hybrid style of working, that suits both the employers and their employees.
Workplace flexibility goes hand-in-hand with work-life balance, and who wouldn't want to get rid of rigid work schedules? Particularly, among the younger workers, the degree to which flexibility is sought after is high.
76% of millennials staff are okay with a salary cut if they're provided with flexible work hours. As per a survey by FlexJobs, 80% of respondents said they'd work with more loyalty within a company if it nurtures the staff's need for flexibility & freedom.
5) The Reign of Artificial Intelligence & Other Advanced Technologies
While technological advancements in the staffing industry are not new, in 2021, we're going to witness an era that is heading more and more towards automation. The most impact will be in the areas of human resources and talent acquisition.
Imagine a staffing trend that has 'Back To The Future' vibes. About 72% of employers around the world believe that the shift to Artificial Intelligence will bring in more candidates, and ease the initial processes of hiring like - sourcing, screening, interviewing by making it quick and efficient.
Naturally, if an organization has more offsite employees or wish to hire them, they would need the right technology to manage them remotely. These technologies would be required to take care of the staff, their communication, and their relationship with their employers as well. Recruiters or the HR department of organizations would start using software bots, robotic process automation, and AI for high functionality.
6) Rise In Employee Experience Strategies (EX Strategies)
As of now, fewer than one-third of companies carry out employee experience surveys or have any programs aimed at giving employees a platform or medium to voice their thoughts, opinions, complaints, or beliefs. About two-thirds of companies are clueless about what their employees are or were feeling with the eruption of the pandemic.
But this oblivious practice is gradually coming to a halt. Companies have slowly started to realize how the emotional well-being and mental health of their employees is directly related to their company's service and efficiency.
In 2021, to avoid employee burnouts, and to increase productivity, organizations will increasingly provide an option to their employees to work from anywhere they wish to, or from the office. There is supposed to be a 300% growth in long-term remote working positions, and companies will ponder about what their employees' experience is like, and not just from a technological viewpoint but also in terms of leadership, change management, and career growth too!
We believe that the 'Staffing Industry' has a lot of changes lined up. And it may take us by surprise in 2021. Stay tuned to get more updates regarding the same from us.
Tired of boring sheets and old-school management styles? Try out Stafflist now, to experience seamless management of your workforce.