South Africa : Big shift in job hiring to hit South Africa in the coming months
- 05 May 2022 / News / 404 / Fares RAHAHLIA
Local and global companies are expected to be hit by a great job ‘realisation’ in the coming months as they adapt to attract and retain relevant skills post the Covid-19 pandemic, says Lyndy van den Barselaar, managing director at ManpowerGroup SA.
Van den Barselaar said that there are four key trends emerging from the job market post-pandemic including:
- A recovery that is unlike any we have ever seen over the past 70+ years as demand for skills is at record highs in many markets while talent shortages escalate, and workforce participation stagnates.
- Uneven economic growth continues with some countries surging ahead while Covid variants and uneven vaccination rates drive uncertainty elsewhere.
- Supply chain challenges continue to impact the availability of goods, services, and skills, but we expect these to be transitory and are optimistic that companies all over the world need access to skilled human capital to meet their business objectives and fully participate in the economic global recovery.
- Employers continue to seek flexible and strategic workforce solutions and services to meet the strong demand for their goods and services today and into the future.
Van den Barselaar said companies need to start putting measures in place now to prepare for the workplace of the future and survive beyond the pandemic, which includes a possible shift to hybrid work or working from home.
“People are looking for individual choice. They want flexibility, fair remuneration and more autonomy. This is supported by the ManpowerGroup What Makes Workers Thrive Survey which found that 45% of employees want to choose their own start and end times, while 36% want more vacation days and 35% are looking for flexible workplace options,” she said.
“Further, there is a heightened focus on a values-driven agenda, with employees seeking empathetic leaders and a culture of trust which are key requirements to attracting and retaining talent and engaging the remote team. This is driving the employee value proposition. In an era of talent scarcity, the best employers are the ones that invest in the evolving company culture to stay relevant and retain talent.”
According to the ManpowerGroup Talent Shortage Survey 2021, shifting demographics, including shrinking birth rates, reduced mobility across borders and a rise in early retirees means talent is scarce. Based on this, companies are getting creative in attracting, upskilling, reskilling and retaining workers, said Van den Barselaar.
“However, in addition to companies looking to attract and retain employees, employees are looking for ways to become more attractive employees and this is driving the skills revolution.
“Reskilling and upskilling are non-negotiable for individuals and organisations as we see a shift in the workforce which has driven the demand for both technology and human capabilities. This is supported by Gartner which states that 58% of all employees today will need new skills to get their jobs done.”
Van den Barselaar added that companies are set to see a reset post-pandemic – transforming everything from digital technologies to changing consumer preferences.
Companies are also looking for more resilient supply chains, greener and more consolidated partners, and solutions in response to increased competition, unpredictability and greater transparency, she said.
“At the same time, business leaders are becoming the most trusted source of information, above government and the media. As such companies need to embrace a values-driven agenda to attract and retain the best talent and have a role to play in advocating and championing social rights.
“The world has changed significantly over the last two years and businesses need to adapt to the new needs of workers and consumers while taking their place as trusted leaders that are setting the agenda for the world of the future. In doing this, companies will attract and retain the best talent from across the globe.”
The Institute of International Finance confirms that its annual meeting will be held in Morocco
- 26 September 2023
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