Though 2019 was a whirlwind for many professionals, 2020 is welcoming new trends in the employment market. Thanks to the growing influence of technology and social media in employment, a modern hiring process and workplace culture are evolving. Employment choices and workplace hiring have undergone massive changes over the last several months and will continue doing so in the foreseeable future.
Check out the latest new job trends in 2020 to understand the employment market better.
Top 6 Trends in the Employment Market
- Social Media Hiring
With the current workforce, it’s important to use the right social media platforms to hire professionals from all over the world. Linked-in has proven to be a useful resource for many HR managers and professionals alike, helping to grow meaningful connections that benefit both job seekers and recruiters.
Other social media platforms like Twitter, Facebook, and Whatsapp are also great for gathering useful information about candidates when hiring. That’s why every job seeker should keep their professional-related information updated on social media.
- More Contractual Jobs
As organizations continue being committed to sustainability, social responsibility, and philanthropy, there’s an increase in mission-based jobs. Workplace expenses are also growing by the day, as they include more than just employee-related costs. As a result, companies are driven to hire more contractual workforce instead of full time employees to keep their expenses in check.
- Remote Work on the Rise
Employees rank commuting to be more stressful than working, according to a recent Harvard Business Review study. It’s no wonder most job seekers are looking for work-from-home opportunities in 2020. The current global pandemic is pampering this new trend in the job market, though many people believe that working from home also helps with work-life balance and stress management.
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- Continuous Performance Management
Most employees are familiar with annual performance reviews, which is normally stressful and nerve-wracking activity. This activity can cause anxiety to many employees, so some companies try to administer them irregularly for the best results. However, all that is being replaced with frequent performance reviews in 2020.
Employers should administer performance reviews quarterly if they’re trying to maximize the employees’ performance, according to industry experts. Additionally, performance reviews must be supplemented with regular feedback, coaching, and live meetings.
- Employers Prefer Multi-Skilled Candidates
Change is the only constant thing in life. As such, only a person capable of adapting well to changes will survive the ever-changing job market, and that’s why recruiters in 2020 are focusing on adaptability. Instead of hiring a candidate who has specialized in a particular set of skills, employers are focusing on job seekers who excel in multiple skills to handle the changing demands of the market.
- Technology Takeover
In the fourth industrial revolution, technology will continue being a major part of the workplace. Tech enthusiasts prospect that this technology will liberate workers from routine work and improve their productivity. However, some foresee massive displacement of jobs and labor substitution.
Due to the disruptive effect of technology on the job market, job seekers will need to be tech-savvy to survive. Nonetheless, technology is also giving rise to new careers like Social Media Influencing, VR designing, and others.
