Global trends in talent

 

 

The world is ever-evolving making technologies and processes obsolete as new innovations come out. Talent acquisition and retention has not been spared either. In fact, a poll of more than 4000 hiring managers across 35 countries identified talent as the number one priority for 2018. Companies need to respond to forces reshaping the future of workforce. We will explore some current global trends in the talent management.

 

 

“Millennials are estimated to comprise 75% of the workforce by 2025, and importantly, millennials as a demographic highlight job flexibility is a priority, and in fact may value it over salary.”

 

 

A new generation of employees envisions a world where operational decision-making is delegated to individual teams, leaving top management to focus on more on strategic decisions. This is more commonly known as the decentralized workplace, Santosh Yellajosula, a major proponent of the decentralized workplace joined us on the wisinomad Dialogue Series to discuss this issue.

 

 

He believes the effect of a switch to a decentralized structure would be to empower workers, as they have more autonomy. This will help inspire a more entrepreneurial spirit as workers now take decisions not as a task, but as a contribution to the overall business.

It also frees up senior management to think more of strategy of the business, and not to focus on the logistics of how those plans are executed. Crucially, workers are more in touch with the issues—and therefore more informed meaning they understand the nuances and can execute better.

 

 

Millennials are estimated to comprise 75% of the workforce by 2025, and importantly, millennials as a demographic highlight job flexibility is a priority, and in fact may value it over salary. This makes telecommuting and remote work a worthwhile recruiting and retention tool. By catering to changing work preferences and tastes employers can leverage job flexibility to attract and keep top talent.

 

 

For millennials, wellness is a daily, active pursuit. Companies are becoming more mindful and are instituting policies designed with employees’ health in mind as a strategy to acquire and retain talent. From providing healthy food options in the cafeteria, and promoting telecommuting so employees can spend more time at home or pursuing other interests. Employees report better wellness outcomes as evidenced by a 2011 Staples survey.

 

 

An important byproduct of remote working has been the creation of the co-living and co-working, designed for individuals who have the ability to work outside of traditional office space but feel they can gain from work alongside like-minded people.

With the freedom to work remotely, one can travel the world at a relatively cheap cost, while experiencing the different cultures through roommates and new locations alike. Importantly, for employers they get to benefit from the worldwide network that remote workers (now digital nomads) build and share ideas with as they travel.  

 

 

To learn more about wisinomad program, visit www.wisinomad.com, and send in your application

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