For corporate leaders who keep a focus on human capital management, it’s important to keep a close watchful eye on the ways that work is changing over time. Every year there are new developments to watch – demographics change, technology evolves and new ways of work are introduced. The best employers are the ones who pay attention to the changing times and adjust accordingly.
In 2016, there’s a lot to adjust to. Just look at the current climate. Demographics are changing rapidly as millennials flood into the workplace and baby boomers retire. Technology is looking considerably different as the proliferation of mobile apps and cloud solutions continues. And in terms of how we do work, the rise of telecommuting among other trends has had a significant impact.
As it turns out, these are important trends to watch for both HCM professionals and job seekers. According to TLNT, it’s an especially turbulent time for the latter group. Jobvite just released the 2016 edition of its “Job Seeker Nation Study,” according to the news source, and the findings reveal a lot of important changes in the work marketplace to stay abreast of.
“These findings emphasize the fact that the way we look for work, and the way we work, is changing significantly,” Dan Finnigan, chief executive officer of Jobvite, told TLNT. “The gig economy’s rapid growth is remarkable, and the data demonstrate that the modern job seeker is now more flexible than ever.”
So what are the most important developments to watch right now? As Finnigan sees it, there are five major ones. The following are the key trends in 2016:
Short-term job worries
While many workers are optimistic that in the long run, they’ll find comfortable positions, there’s a still a little bit of panic that in the immediate future, they’ll have trouble getting jobs. Many are closely following the unemployment rates and refreshing those job boards.
The changing state of work
Work is looking starkly different than it did even a few years ago. Telecommuting is now becoming increasingly common, which raises the level of competition for jobs across geographic barriers. Short-term assignments are replacing permanent jobs, as well.
Curiosity about new positions
An interesting contradiction showed up in Jobvite’s data – nearly 75 percent of all workers told the organization they were “satisfied” with their jobs, and yet 67 percent still said they were “open to new employment.” Clearly, even happy employees are curious about taking their talents elsewhere.
Concern about new technology
As technology keeps improving, there’s a bit of concern that improved automation will make it easy to build robots that do work better than humans. People may therefore lose their jobs. The time for panic about this is probably a long way off, but that hasn’t stopped today’s employees from starting to think about it.
The rise of the “gig economy”
A few years ago, taking temporary work seemed like a trend that was just that – temporary. It was a quick way to climb out of a rut and earn a paycheck. Now, it’s becoming the new normal. We’re moving into a “gig economy” in which people become increasingly comfortable with non-permanent positions.