What Are the Top Trends in Labour Market Nowadays?

• #Expert

The last decade brought an avalanche of change to the HR industry. The rise of artificial intelligence. The growth of the gig economy. The increased push towards greater diversity. And, most recently, a global pandemic that has altered the reality of millions and redefined where and how work gets done. So what are the major contemporary trends that are currently impacting the labour market?

1. Digitalization 

The gradual digitalization of the global community has been going on for several decades, but the pandemic has also been a major blow to the digitalization of services.

Digitalization is only one of the major long-term trends that is relevant for the labour market, and like any other type of technological change it will drive the progress of the technical equipment of an economy. It potentially increases productivity in general and labour productivity in particular.

When it comes to the digitalization of employment relationships, companies need to pay attention to internal procedures in the new era, developing manuals that would facilitate the integration of new employees into the team and the acquisition of specific work procedures.

In addition, global experience in office development financing and leasing solutions confirms that remote forms of work allow to recruit employees from a wider area. By adapting to the new conditions, companies can save on business trips by replacing them more often with virtual meetings, as well as save time. 

And it’s clear that an increasingly remote, digital work environment won’t disappear once the pandemic is over.

2. Employee Wellness

Employee well-being is going to be one of the top HR trends in 2021. Organizations have recognized the humanitarian crisis of the pandemic and prioritized the well-being of employees as people over employees as workers.

COVID-19 has reminded us of the dual imperatives of worker well-being and work transformation, but executives are still missing the importance of connecting the two. Organizations that integrate well-being into the design of work individual, team and organizational levels will build a sustainable future where workers can feel and perform at their best.

Challenging and exciting times lie ahead, as HR professionals reinvent to stay relevant in today’s fast-paced and unpredictable business environment. A modernized approach to understanding and planning for the future needs of the workforce is quintessential to driving value for employees and the business.

Organizations are taking well-being beyond work/life balance by starting to design well-being into work and life itself.

3. Upskilling: Unleashing worker potential

Upskilling means learning new skills for the same job function because organizations need a workforce development approach that considers both the dynamic nature of work and the equally dynamic potential of workers to reinvent themselves.

It’s imperative to take the lead on reskilling. The goal is to empower workers with agency and choice over what work they do, unleashing their potential by allowing them to apply their interests and passions to organizational needs and retraining leaders to manage in a remote environment, driving tech-focused programs and embracing digital learning solutions.

From navigating new technologies to facilitate remote learning, working, and collaborating to new social distancing measures, this is an example of another trend that was rapidly accelerated during the ongoing pandemic.

For 2021, upskilling and reskilling programs will continue to address these issues while also facilitating upskilling and reskilling that helps organizations remain competitive in increasingly dynamic business conditions.