2021 still might surprise us. But there are few tendencies of the labor market understanding the current scenario that already look so important that we decided to pay more attention to them and to define the first trends of the year.
What is the fuss, Is it all about the remuneration?
When it comes to characterizing the idyllic employment environment, compensation tops the list all time. After that, it’s growth and advancement opportunities, team culture, and the employer’s reputation that start to elevate a job.
An opportunity to work with interesting projects and tusks though is also driven professionals to change companies more and more frequently. Looks like on top of raising their own income they really aim to change the world for better. At the same time, only 40% of the respondents are ready to call their present place of work perfect. For 40% it is rather satisfactory no unsatisfactory. Those who are completely satisfied with their current job believe company cares about their well-being, feel they are continuously growing professionally, have professional development opportunities to keep skills current and say that company culture matches ‘very well’ to what the company claims.
The big migration of workers
The value of stability and “seniority” is not in trend these days. An unprecedented number of interviewed employees plan to change their work within the next 12 months (76% comparing to 66% last year). What forces talents to migrate from company to company? The first and most popular reason is the opportunity to get a higher salary. Also make the list like advancement, growth, and development opportunities. Rounding out the top five reasons to flee is better company culture and a chance to master new skills. What makes employees feel unhappy at the previous job? The majority of the respondents mentioned a feeling like they’re not continuously growing professionally. Many believe that neither promotion requirements nor potential career paths aren’t transparent.
Work from Home boom
Less than a half of employees still believe in the effectiveness of the 9 to 5 working days. More and more of them continue to desire employment that makes it easier to balance and blend work and personal life. 7 out of 10 respondents admitted that they are able to work more productively outside of the office and expect employers to give them opportunities for remote work, flexible schedule or a combination of both. And only 2 out of 5 employers are able to provide their employees with such conditions. Similarly, the small percentage have trained their managers on how to manage remote teams. Most companies are afraid of the consequences for the team’s work discipline. But statistics show that what employers really need to be afraid of is big talent loss in case it’s neglecting this trend.