Business News & Trends- February'21

Updated: Feb 9, 2021


BUSINESS NEWS

TRENDS


The quotes below come from the Harvard Business Review article, by Brian Kropp, titled “9 Trends That Will Shape Work in 2021 and Beyond.”

1.“Employers will shift from managing the employee experience to managing the life experience of their employees It’s become clear that supporting employees in their personal lives more effectively enables employees to not only have better lives, but also perform at a higher level. According to Gartner’s 2020 ReimagineHR Employee Survey, employers that support employees with their life experience see a 23% increase in the number of employees reporting better mental health and a 17% increase in the number of employees reporting better physical health.

2.The gender-wage gap will continue to increase as employee return to the office. In this hybrid-scenario, we are hearing from Chief HR Officers that the surveys of their own employees are showing that men are more likely to decide to return to their workplace, while women are more likely to continue to work from home. Per a recent Gartner survey, 64% of managers believe that office workers are higher performers than remote workers, and in turn are likely to give in-office workers a higher raise than those working from home. However, data that we have collected prior to 2019 (pre-pandemic) and 2020 (during the pandemic) shows the opposite: Full-time remote workers are 5% more likely to be high performers than those who work full-time from the office.

3.Employers will look to “rent” talent to fill the skills gap. The number of skills employers are looking for has risen dramatically—our analysis shows that companies listed about 33% more skills on job add in 2020 than in 2017. ...At the margin, some companies will shift from trying to build skills for an uncertain future and instead just hire, and pay a premium for those skills, when the need actually manifests.



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