The recruitment trends that are changing the labour market
The way that individuals work and that employers acquire labour has greatly changed over the past decade. The digital world and access to the internet have greatly democratised hiring practices throughout the years, and changes in the job market are also changing how employees organize their professional life and career trajectory. Here, we’re going to look at some of the hiring trends that could continue to change workplaces for years to come.
Hiring is likely to slow down considerably
With the country officially in a recession for the first time in 11 years, and likely to be one of the worst recessions of any major economy in the world, it is widely anticipated that there will be a great risk of business closures. Businesses will be looking to cut spending and reserve funding as best as possible. Aside from a potential for record job losses across industries, this could also mean that fewer new jobs and slower hiring than we’ve seen over the past decade.
Tech and engineering is getting more and more segmented
There has been a greater focus on soft skills over the past few years, but perhaps more important is how we find the hard skills that we need, nowadays. When it comes to recruitment for the FMCG industry, tech roles, and engineering positions, there has been a development of more specific and disparate websites and hiring platforms. As such, technical employees are distancing themselves from traditional methods of hiring, meaning that employers have to look to recruitment agencies and specific networking websites to better find the hard skills they might need.
Remote working is changing everything
This has been a trend that was already on the rise, but the spread of the novel Coronavirus has only seen the remote working revolution speeding up worldwide. It’s uncertain as of yet how many jobs will be returning to the office as businesses continue to open up across the country. However, more and more workers are willing to work from home, meaning that it is likely that the demand for some manner of remote working flexibility will continue to grow in the upcoming years. It also means that online startups and other work arrangements better suited to remote working could benefit from a greater workforce.
The gig economy continues to grow
As businesses lack the confidence to take on new hires, that does not necessarily mean that their demand for labour is going to slow or decrease. The growth of the gig economy, as shown by The Guardian, is likely to accelerate even further as more employers will look at working with the growing pool of freelancers to meet their labour needs, instead.
From the rise of remote working to the increasing growth of disparate service and technology sectors within the workforce, recruitment and hiring are set to get more and more specialised in the near future. By looking to specialise their own hiring practices, businesses may be able to ensure that they’re not looking for labour in all the wrong places.