COVID-19 has reshaped today’s workforce for businesses and employees alike. Pieced together from a research report by Chief Economist and Director of Research at GlassDoor, Andrew Chamberlain, Ph. D, we reveal specific trends for today’s workplace that will continue to develop in 2022 and beyond. Stay cognizant of these emerging trends and discover how they pertain to you:
1. The Hybrid Work-From-Home Model
While 2020 introduced many Americans to their first experience working from home, 2021 introduced the country to the hybrid workplace, combining remote and in-person work to ease employees back into the office. However, this ‘easing’ process does not have an end date in sight and is likely a business model that is here to stay. The career experts at Zenefits explain how a hybrid workplace does not imply in-office work for everyone. It will often open the office to serve as a gathering space for monthly meetings, brainstorming sessions, or employees who need to get out of their house.
86% of workers say they would prefer to continue working from home, at least part-time, as offices reopen. (GlassDoor)
This business model also allows employers to cut costs by eliminating a large portion of their office space and improve overall productivity by eliminating commute time for employees. While there is sure to be a dip in employee connectivity and accessibility, committing to the employee-friendly hybrid business model can reduce employee turnover by up to 17%.
2. Bolstered Salary Expectations
As millions of employees move into new cities at the benefit of their company’s work-from-home policy, they open themselves to thousands of new opportunities from employers that are doing the same. Within this development, employers are strapped to the rising rates of top-performing employees and realize they must conform to remain competitive. For employees, many companies and their executive teams have adjusted not to match a big-city salary (i.e., New York, Chicago, Los Angeles) for a remote employee living in a city with a much lower cost of living. However, there is an expectation that they will still meet you somewhere in the middle. Forbes reports an expectation of 115%-120% of the candidate’s local market rate, mutually benefiting both parties involved.
3. Progress, Not Promises on Corporate DEI
The movement for employers to become a more diverse and inclusive culture has always been one full of lots of promises, but with employees and job-seekers now in the driver’s seat, today’s executives are feeling the pressure. Employers can expect action to be required and initiatives to be established to land top talent in today’s job market. According to a recent GlassDoor survey, 76% of today’s job-seekers report a diverse workforce as a critical factor when evaluating job offers.
“It’s critical to understand how different groups look at D&I from their own work experiences, reinforcing the overdue need for all employers to improve when it comes to diversity, inclusion, and belonging in the workplace.” – Carina Cortez, Chief People Officer at GlassDoor
The pandemic has accelerated the progress of pre-existing trends across several industries and the general workforce, and these three trends are just a few examples. Uncover more trends that are reshaping today’s workplace shared by the team at GlassDoor For Employers here.