2021

Hiring Outlook:

3 Strategies For Building A Resilient Workforce During Uncertain Times

2021

Hiring Outlook:

3 Strategies For Building A Resilient Workforce During Uncertain Times

introduction

As a result of the COVID-19 pandemic, a sudden shift in the job market and wave of economic uncertainty forced many businesses to make tough decisions to protect the health of their organizations.

As a result of the COVID-19 pandemic, a sudden shift in the job market and wave of economic uncertainty forced many businesses to make tough decisions to protect the health of their organizations.

36% of employers were forced to furlough or lay off employees in 2020

During the height of the pandemic, unemployment skyrocketed to 14.7%

U.S. Bureau of Labor Statistics

36% of employers were forced to furlough or lay off employees in 2020

During the height of the pandemic, unemployment skyrocketed to 14.7%

U.S. Bureau of Labor Statistics

36% of employers were forced to furlough or lay off employees in 2020

During the height of the pandemic, unemployment skyrocketed to 14.7%

U.S. Bureau of Labor Statistics

While some decisions yielded temporary outcomes, the effects of the COVID-19 pandemic left a permanent impact on the workforce as we know it.

 

What we’ve learned? Companies are adaptable. To ensure business continuity, necessary changes such as pivoting to a remote work environment and adopting efficient technologies have created a “new normal” and helped shape the future of the workplace.

 

However, among the noise of navigating the unknown, important aspects involved in the well-being of employees may have been overlooked—leaving staff stressed, anxiety ridden, and potentially ready for a change of pace.

EMPLOYEES ARE MOVING ON, BUT DO EMPLOYERS KNOW WHY?

18% of employers

saw an increase in voluntary turnover this past year

22% of employers

aren't sure why their employees are leaving them

18% of employers

saw an increase in voluntary turnover this past year

22% of employers

aren't sure why their employees are leaving them

EMPLOYEES ARE MOVING ON, BUT DO EMPLOYERS KNOW WHY?

18% of employers

saw an increase in voluntary turnover this past year

22% of employers

aren't sure why their employees are leaving them

18% of employers

saw an increase in voluntary turnover this past year

22% of employers

aren't sure why their employees are leaving them

The way your organization responds to times of crisis and change can be a defining moment for your business. This past year showed us it’s more important than ever to prove resiliency as an employer.

Over 1/4 of employees do not agree with the way their employer has handled the COVID-19 crisis

The way your organization responds to times of crisis and change can be a defining moment for your business. This past year showed us it’s more important than ever to prove resiliency as an employer.

Over 1/4 of employees do not agree with the way their employer has handled the COVID-19 crisis

54% of employers are willing to extend a counter offer to retain their best talent
HOWEVER...
58% of employees would not accept a counter offer from their current employer
54% of employers are willing to extend a counter offer to retain their best talent
HOWEVER...
58% of employees would not accept a counter offer from their current employer
54% of employers are willing to extend a counter offer to retain their best talent
HOWEVER...
58% of employees would not accept a counter offer from their current employer

While things are looking up for the economy, bouncing back is going to take time. After all, the pandemic is very much still running its course.

 

As employers work to recover from the challenges it brought forth, and set themselves up for success, they must focus on putting their people first, and attracting new talent must remain a top priority.

49% of employers

still plan to increase headcount in 2021, despite the economic uncertainty

49% of employers

still plan to increase headcount in 2021, despite the economic uncertainty

49% of employers

still plan to increase headcount in 2021, despite the economic uncertainty

49% of employers

still plan to increase headcount in 2021, despite the economic uncertainty

To ensure the well-being and confidence of your current staff, and remain competitive in attracting top talent, you must first know what professionals desire and value in the workplace, during times of hardship and beyond.

Read on to learn how you can build a resilient workforce during uncertain times:

Read on to learn how you can build a resilient workforce during uncertain times: