The rapidly changing landscape of work in 2021 and beyond is influenced by several key trends, including employee experience, societal issues, the gender-wage gap, employee monitoring, and the COVID-19 vaccine. Click here for article.
Shift to Managing Life Experience: Employers are recognizing the importance of supporting employees beyond their work experience, with a focus on their overall life experience to improve mental and physical health and increase performance.
Involvement in Societal Issues: Employees expect their employers to take a stance on societal and political issues, and organizations that act on these issues see higher engagement levels among employees.
Gender-Wage Gap in Hybrid Work: As organizations adopt hybrid work models, the gender-wage gap may widen as men are more likely to return to the workplace, potentially leading to biased rewards and promotions for in-office workers.
Regulation of Employee Monitoring: New regulations are expected to emerge to limit employee monitoring as companies struggle to balance employee privacy with technology.
Shift to Time Flexibility: Flexibility in work hours will become more important than location flexibility, with organizations focusing on output rather than hours worked.
COVID-19 Vaccine Policies: Leading companies may provide the COVID-19 vaccine for employees, but some may face litigation over vaccine requirements, impacting return-to-work efforts.
Expansion of Mental Health Support: Employers will expand mental health benefits and initiatives to address the impact of the pandemic on employee well-being.
Renting Talent to Fill Skills Gap: Organizations will rent talent or partner with external entities to address skill gaps, as reskilling existing employees may not be fast enough to meet changing needs.
Competition for Talent: Jurisdictions will compete to attract talent, offering incentives for individuals to relocate rather than focusing solely on attracting companies.
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