ETS is giving you insight into the 2018 employment climate. With the labor market remaining competitive, employers will need new strategies to attract and retain top talent allowing them to meet business demands.
The growing skill shortage, artificial intelligence both disrupting and creating jobs, and talent driving a shift toward flexible work schedules is a lot for employers to keep up with. That’s why we’re breaking it down with our 6 trends and market factors affecting the workplace in 2018:
1.) The talent shortage will outpace wage stagnation, and companies that continue to keep wages below market will struggle.
2.) Flexible and remote workforce models will expand. Flexible work schedules are a rising trend among professional culture perks, and will remain key to attracting and retaining top talent. Companies will continue using contract workers to fill occasional and seasonal staffing needs. In order to achieve sustainable balance, employers will have to be flexible and constantly evaluating their systems.
3.) Employers will hire for culture fit and train for skills. Hard skills aren’t the be-all and end-all of what makes a person the best candidate. Soft skills enable candidates to master necessary hard skills over time and will continue to be critically important as employers increasingly focus on training employees or new hires.
4.) Employers will seek candidates with STEM skills. Demand for science, technology, engineering, and mathematics skills will continue to increase. Mid Level STEM jobs are in highest demand.
5.) AI and automation will advance. The need for skilled humans to operate and use advanced technologies will remain significant for the foreseeable future.
6.) More companies will place data at the forefront of strategic workforce planning to understand how to build better teams, make processes more efficient, and analyze the utilization of resources across the company.
Want to learn more? Contact one of the ETS “data geeks” today and let us show you how we can help you become or remain and Employer of Choice in this competitive atmosphere.