Business News & Trends – March 2021

Updated: Apr 16, 2021


Hello Insider’s,


Happy March! The year is zooming by. The Trends section has interesting possible changes from employers.


Need help with a job search? Got a big interview coming up? Sign up for a job-specific Mock Interview. You’ll find job search articles on the Job Search page at www.insiderscareerclub.com.


We can also help one-on-one with our service offerings. Go to the Career Services section.


Some inspiration:


“Thank the past for all the lessons it taught you; anticipate the future for all the blessings it has in store for you.” Matshona Dhliwayo


‘”If your mind isn’t clouded by unnecessary things, this is the best season of your life.” The Enlightened Heart


“Only the frantic of fear can harm you. Your calm and centered self knows exactly what to do.” Bryant McGill, “Simple Reminders”


March’s Insider’s Career Club Podcasts go LIVE on 3/3/21 and 3/17/21 Be sure to join us!


Episode #5, Angela Dalton, Award-Winning Children’s Author is a delightful look at how she turned a career panic moment into lemonade. Listen:

https://www.buzzsprout.com/1448059/6707884


Epidose #6, Virtual Interviews, Easy as A,B,C, with Sindy Thomas is a primer on how to ace a virtual interview.


BUSINESS NEWS


HARD FACTS


Women’s are leaving the labor force in great numbers. “Women have unequally been affected by the pandemic. These are startling facts and I hope business takes note and begins to work on these inequities.”


This quote comes from “When Women Lose All The Jobs: Essential Actions for a Gender-Equitable Recovery.” by Diana Boesch and Shilpa Phadke dated February 1, 2021. Since the start of the pandemic, women have lost 5.4 million net jobs, compared with 4.4 million jobs lost by men. ... In September alone, 863,000 women—nearly four times the number of men—dropped out of the labor force.


McKinsey & Company reported in January that Women accounted for 100% of the US jobs lost in December…and 55% of the 9.8 million jobs lost since February were jobs held by women. Some of the biggest job losses were in leisure and hospitality, government and retail. And these numbers don’t include the millions of women who have left the labor force due to pandemic- related childcare issues.


THE GOOD NEWS


In an article in Black Entrepreneur, Derek Major reports on February 25, 2021 “Google Announces Initiative to Train 100,000 Black Women in Digital Skills by 2022.


“Google is proud to stand with Dress for Success, the Links, and four of the National Panhellenic Sororities to help more Black women get access to the digital skills and career development needed to enter today’s most in-demand jobs,” Melonie Parker, Chief Diversity Officer for Google said in a release.


Last year, the technology company committed $175 million to racial equity initiatives. that included $100 million that will go to Black venture capital firms, startups. Another $50 million will be used for financing and grants for small businesses “focused on the Black community.


Goldman Sachs is pledging $10 billion over 10 years to support the advancement of Black women. Goldman Sachs to invest $10B over 10 years to support Black women (businessinsider.com)



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.” PART 2


  1. Employees will shift from managing the employee experience to manage the life experience of their employees. Become clear that supporting employees in their personal lives more effectively enables employees to not only have better lives, but also to 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. There is also a real benefit to employers, who see a 21% increase in the number of high performers compared to organizations that don’t provide the same degree of support to their employees.

  2. More companies will adopt stances on current societal and political debates. Employees’ desire to work for organizations whose values align with their own ideas been growing for some time. In 202, this desire accelerated…74% of employees expect their employer to become more actively involved in the cultural debates of the day.

  3. New regulations will limit employee monitoring. …In 2021, we expect a variety of new regulations at the state and local level that will start to put limits on what employers can track about their employees. Given the variability that this will create, companies are likely to adopt the most restrictive standards across their workforce.

  4. Flexibility will shift from location to time. Per Gartner’s Employee Survey only 36% of employees were high performers at organizations with a standard 40-hour work week. Organizations that offer employees flexibility over when, where and how much they work, see 55% of their work force as high performers.“


A maturing market. Even before 2020, mobility had matured in three key areas: customer preferences, technology, and regulations. Just as consumers have turned to digital channels for food delivery and entertainment, they also expect mobility players to expand their online offerings. For instance, more than 80 percent of car buyers use online resources—and only a third of 18- to 34-year-olds say they’d prefer to buy their next vehicle at a dealership rather than online. From McKinsey & Company, “The Shortlist” 2.12.21.


Asl electric vehicles have a growth expectancy to 200+ new electric vehicles in the next two years. Target the auto industry for future work may be a good idea. See below from McKinsey & Company, “The Shortlist” 2.12.21.


Here come the EVs. Global vehicle sales were down last year, but 2021 brings new opportunities. The auto industry is expected to develop roughly 250 new electric vehicles (EVs) in the next two years alone. EVs will comprise more than 10 percent of global vehicle sales by 2025 and up to 30 percent of global vehicle sales by 2030. Those numbers were potentially given a kick by GM’s recent announcement that it will aim to sell only zero-emission cars and trucks by 2035.



10 views0 comments