Business News & Trends – Jan/Feb 2022
Updated: Jan 31, 2022
Hey there, Insiders!
Sit down with the Business News & Trends Newsletter and your favorite cuppa!
We’ve got more inspiration for your soul, a review on Career Coaching Services, and timely articles to keep you in the know.
Your Insider, Sindy
Inspiration for you:
“Great Flame follows a tiny spark.” Dante
“If you are irritated by every rub, how will your mirror be polished?” Rumi
“We can do nothing that does not affect other people, no matter how loudly we say, ‘It’s my own business’.” Madeline L’Engle
“You must do the thing you think you cannot do.” Eleanor Roosevelt
Insider’s Career Club Podcasts – Coming Up!
Insider’s Career Club Podcasts go LIVE on 1/19/22 and 2/2/22
Be sure to join us! On tap:
Season 2, Episode #16, Work What’s Up, hosted by Sindy Thomas
Pop goes the tablet that gives the fizz. Alka Seltzer nor Aleve can relieve the headaches & hangovers from 2020 and 2021! There's a lot going on. Join us!
Or listen at: www.insiderscareerclub.com
Season 2, Episode #17, Stress -Manage it, hosted by Sindy Thomas
Everyone has stress. If you’re always rushing and get surprised by pushed up deadlines, you have stress. We’ve got information and helpful tips to so you can handle stress better. Join us!
Or listen at: www.insiderscareerclub.com
Career & Coaching Services:
Got a big interview coming up? Considering a career pivot? Get help! We can get you ready to make a great impression in your interview or work with you on making a career change.
Talk to Sindy! Book a free 20-minute Discovery call.
Resume Review - A targeted resume is the first step in a strategic job search.
Mock Interviewing - Get an advantage over the competition. Practice with a Pro!
Job Search Strategy - We can help you target your job search!
Career Exploration - Let’s discuss where you want to go with your career.
Job Search Strategy - We can help you target your job search
Career Growth Strategy & Goals - We’ll work with you to plan your career growth
Public Speaking - Practice and hone your presentation and public speaking skills
Visit the Career Services page at : www.insiderscareerclub.com Sign up today!
What Future Employees Want
The impact of the pandemic has had a devastating effect on employment in the US in 2020 and it continues to ripple in the “Great Resignation”.
The Bureau Labor Statistics quotes more than 19 million workers quit their jobs since April 2021. In September and November 8.9 million more workers quit. jobs. A McKinsey Quarterly study predicts the great resignation will continue.
40% of workers from this survey said they are somewhat likely to quit in the next 3-6 months. 18% of workers say their intentions range from likely to almost certain. These findings held across 5 countries surveyed (Australia, Singapore, Canada, UK, and US) and were broadly consistent across industries.
The report also says 60% of workers said they were not likely to quit in the next 3-6 months. However, the study warns with increasing options available to workers, the 60% of employees could change their intentions at any time.
Work Will Change
A year-long study by Citrix surveyed 500 HR Directors in large corporations and mid-sized businesses with more than 500 employees. They wanted to understand how work will change. Here are some study findings:
1. Flexible work options
88% of knowledge workers say are looking for positions offering complete flexibility in their hours and location.
75% of workers polled believe employees are more likely to prioritize lifestyle (family/personal interests) over proximity to work and will pursue jobs in locations where they can focus on both – even if it means taking a pay cut.
83% of employees think that workers are more likely to move out of cities and urban areas, if they can work remotely most of the time, creating new work hubs in rural areas.
2. Reimagine the way work is evaluated
Workers want to be measured on the value they deliver, not the volume. They also expect to be given the space and trust to do their best work, wherever they work.
86% of employees said they would prefer to work for a company that prioritizes outcomes over output. What this means is:
New employees want to work for a company that cares less about the quantified work product they produce and more about the impact they can deliver to the business in the holistic sense.
3. Work with a diverse team
86% of employees and 66% of HR Directors assert that a diverse work force will become more important as roles, skills and company requirements change over time.
Talent Accelerator Study by Citrix
Top 7 Reasons Candidates Decline Offers:
45% Concerned about moving during Covid-19
40% Compensation too low.
36% Had better offer elsewhere.
29% Current employer counter offered.
17% Hire process took too long.
14% Had concerns about company stability.
12% No chance of remote work or flexibility.
CareerPlug quotes “The number one reason job-seekers decline an offer is because of a negative interview experience.” It is astounding that all the front- end work of sourcing, screening, can be undermined by a single bad interview, you then understand how impactful an interview can be.
Benefits Most Valued by Candidates!
74% Company stability
60% Full-time remote work
56% Flexible work options
49% Career Development
43% Home office stipend
38% Medical Benefits
27% Mental healthcare
NOTE: Valued Benefits and Reasons Offer are Declines are from Gem – 2021 Recruiting Objectives Study
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