One day the office is open, the next day it’s closing again. The vaccinated don’t need masks — then they do. Hybrid work is king — until the office must close. Confucius, who said change is constant, pegged today’s work world right. The speed and magnitude of change have driven organizations to shift into hyperdrive regarding technology adoption. This is reflected in the job market for a wide variety of STEM fields:
The intense battle for STEM talent raging before the pandemic has gotten worse, and retaining good workers requires a serious commitment. What are the new realities, and how can organizations find and keep the talent they need to prosper?
what you need to do: pay competitive salaries. remote work is the future, so bake this into your planning
A healthy percentage of tech workers — across age groups — is demanding flexible working arrangements. Bringing most of your tech workforce back onsite full-time will limit your candidate pool.
Recent Randstad surveys found that even though four out of five workers want to return to their workplace at least part of the time, two thirds of STEM respondents prefer a fully remote job over a fully onsite one. More than four out of five STEM workers are interested in a flexible working schedule.
Accept that a segment of candidates is unwilling to go back to an office full-time — and they’ve got more job options than ever.
what you need to do: engage your workers to keep them
A recent Gallup analysis shed light on how people now think about their work lives. Nearly half the U.S. working population, across all professions and industries, is actively or passively looking for new job opportunities. Gallup’s findings are a wake-up call:
Employees who think their pay/incentives are fair and are motivated by individual achievement are more likely to be satisfied with their pay and more engaged. Only around one out of five employees now fits this profile.
what you need to do: develop talent out of the workers you can find — or already have
There is no going back to the pre-pandemic world of work. The organizations that accept the new realities about the workforce and workplace will embrace the flexibility required to succeed. They will be the ones positioned to find, hire and retain the skilled talent they need even in the face of continuing change.
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