You’ve settled into a job that seems to work for you and your goals. Until you changed your mind. You are not alone. Staying in the same job for your whole career is no longer the norm. Changing university or training programmes, a role within your company or even the industry you work in is becoming more common in today’s transforming economy.
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COVID-19 continues to weigh heavy on the UK employment market but there are clear signs of improvement in the final quarter of 2020, according to the latest ManpowerGroup Employment Outlook Survey. While the Q4 UK Employment Outlook is -8% – a near-historic low – new data reveals a 4-point lift compared to the previous quarter. As lockdown eases and employers embrace new ways of working, the uptick is driven by stronger hiring intentions in utilities and agriculture as well positive momentum in several other key sectors.
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A dramatic workforce transformation is happening in front of our eyes. COVID-19 began as a health crisis and is playing out as an economic crisis and a social crisis. Work literally left the building and whole industries are disrupting at speeds never seen before.
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Covid-19 has caused many organisations to hit the emergency reset button, and in no department more so than Human Resources. Changes to working practices that would ordinarily have taken years or even decades to establish themselves, have been put in place in a matter of weeks, with HR taking a leading role in the design and implementation. This has increased the importance of HR’s input across the organisation, with many managers and individuals turning to HR for guidance on building a new normal for their teams.
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Within just a matter of months, the COVID-19 outbreak has fostered a shift away from the candidate-led markets we’ve become accustomed to, and back to one where employers can exercise more control in the hiring process. At the same time, candidates’ job preferences are changing as the news agenda tightens its gaze on the economic fallout. Employees are also switching between roles less and are more accepting of their current position, not wanting to rock the boat.
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Covid-19 has not only had devastating health consequences; since March 2020 we have seen that the economic repercussions of the pandemic are also placing unprecedented pressure on the world of work.
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Originally presented as part of the ‘Humans Wanted: Transforming the Future of Work’ ManpowerGroup conference, we are pleased to share Jessica Huie’s discussion on individual and organisational purpose, on-demand.
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From advice on how to prepare for upcoming legislative changes to in-depth conversations on workplace trends and hiring practices, our growing library of on-demand webinars will help answer pressing questions and prepare your workforce for the future.
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Current market disruption is driving increased unemployment, job uncertainty and, in some cases, reduced employee engagement. However, despite the ongoing pandemic and redundancy announcements across the board, we are starting to see hiring intentions recover for in-demand talent in many sectors.
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ManpowerGroup recently hosted the debut webinar in its Human Age Event Series, ‘Transformation of Work: What HR Leaders Should be Thinking About’. ManpowerGroup’s Chief Talent Scientist Tomas Chamorro-Premuzic moderated the discussion and was joined by two globally renowned human capital experts, Josh Bersin, Global HR and Future of Work Analyst, and Christy Pambianchi, EVP and Chief Human Resources Officer of Verizon.
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