5 trends of the labor market

1. The population of developed countries is aging. Employees will be missed. Recruitment problems will only get worse.

This will contribute to labor migration, greater labor integration of people with disabilities and criminal backgrounds, the development of flexible work arrangements that will allow the elderly and women with children to work, as well as investments and the development of technologies that increase labor productivity.

2. Remote work with us now forever.

A key consequence is a radical increase in diversity in the workforce. If there is no need to travel to the office and spend time (and money) on logistics, then work becomes available to people from a wider range of geography, with limited mobility and women with children.

3️. Compensation remains the main incentive to change jobs. And in the face of rising inflation, this trend will only intensify.

This means that the range and variety of motivation and engagement tools will grow. Mental health services are of great importance in this category. Glassdoor notes an increase in the number of reviews from company employees about corporate psychotherapy programs.

4️. Happiness and well-being become as important as money.

It follows that measuring and understanding employee well-being becomes vital to attracting and retaining talent.

5️. Diversity, equity and inclusion come to the fore.

Indeed and Glassdoor surveys show a significant increase in employee requests for DEI. This means that, at least in the Western world, this agenda is becoming an important element of corporate culture and talent management strategies.