2018 Trends – Will Employers Bend to Low Unemployment Numbers?
Randstand US released their “Six Workforce Trends that Will Dominate 2018.” With technology continuously evolving and shaping how business is operated, Randstand believe that in 2018 business leaders must adapt. While this is nothing new, AI, Workplace Automation, and Talent Analytics are advancing at a place where they will now be much more common in the staffing industry.
What else does Randstand US see for 2018?
• Talent scarcity will effect compensation – Randstand believes that most businesses have not updated their compensation packages to reflect the current employment market with an extremely low unemployment rate. In order to succeed in 2018, businesses will have to bump up salaries, or offer attractive benefits like maternity/paternity leave, and wellness perks.
• Flexible work models will expand - Randstand believe there is an attitude shift and business leaders now longer believe full time employees are always the best
• Employers will look for fit over most qualifications – With a such a limited talented pool, employers will give more credence to candidates or existing employees that are lacking in technical skills, but are a great fit with company culture. They are more wiling to train employees that are a great cultural fit.
• STEM skill needs will continue to increase – Job vacancies requiring STEM skills will continue to increase, especially in mid-level positions like computer support specialists, web developers and engineering technicians. This is where employers’ willingness to train existing employees or soft-qualified candidates will be beneficial.
• AI and automation will continue to advance – Randstand is already seeing automation being integrated into the workforce, but they believe why people are afraid this will take away jobs, employees will always be needed to operate this advanced technology.
• Talent analytics will become more sophisticated – Randstand sees more employers taking advantage of advanced talent analytics like employee engagement and retention rates, and using it for strategic workforce planning.
To view Randstand US’ full presentation, click here.
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