2021: the year of the employer?
Will 2021 be the year that the initiative moves away from the candidate and back to the employer?
For many years the candidate has held all the aces and called the shots due to the employment market: low unemployment, lack of skills and the need for experienced employees to hit the ground running. This has meant that employers have had to chase the candidates, sell the role and the company and then hope that the candidate chooses them over their other options.
But no more?
With unemployment rising and new research suggesting that nearly 90% of employees in the UK will be looking for a new role in 2021, the balance of power is shifting back to the employer.
Whether this is a good thing only time will tell as a good balance between available personnel and a choice of vacancies is the best scenario, rather than one or the other holding the power.
One thing is certain and that is that candidates have had definite ideals of what their new job should have in terms of the role, career prospects, the company and its ethics and social responsibilities. As we move to a market with more candidates available than vacancies it will be interesting to see if this changes.
The recent research from Totaljobs, a jobs board, shows that nearly 90% of employees in the UK are looking for a new role, with over 80% of currently employed people on the look-out, which is quite astonishing.
Reasons given included a desire for a fresh start, a change of location and a need to use new skills and qualifications. What is clear is that Brexit and the pandemic have had an impact on how people view their career and the security of their current role, prompting fears that they will be made redundant in the near future.
The Employment Market in 2021
The employment market will undertake much change, starting in 2021, as more people join the ranks of those searching for a new role and employees near to retirement postpone leaving the workplace due to financial constraints. Meanwhile, companies need to get used to remote working, the new Brexit rules and constraints on trade and look closely at what type of workforce they will need in the future.