Job-hopping or employment trends in 2022
Jordan Bradford, the 2012 psychology graduate was hired by an association management company in her own town, Georgia. Despite working there for 5 years, she always felt that she was being underpaid and looked for something new. She looked for jobs in Washington, DC.Moving further she was hired as a manager by another association management company. After a while, she realized that was being underpaid in DC as well. She soon switched to a few organizations. As a benefit, being in the same role she received a hike of $22,000.Though her original organization was surprised by her resignation, they understood the actual reason.
The entry of a new generation and dynamic work culture together have been leading to a steady increase in the job-hopping percentage. Millennials and GenZ are often seen with a higher number of job hoppings. The reasons for job hopping vary from professional growth, better pay packages, work culture, employee benefits, organization stability, etc.6 out of 10 millennials are open to new opportunities.
The year 2022 was filled with a variety of employment trends. Reskilling & Upskilling was led by the evolution of human centric smart 5.0, while remote work created brought together people from different geographies under one brand or organization, Quarantine & Pandemic measures gave rise to digitalized hiring and work process. Self-isolation at the same time created the pressure of multitasking, leading to self-analysis and further on to great resignations. The need to change jobs became quite evident while upskilling gained prominence and hiring competition grew.
Here are a list of employment trends that were at peak in 2022:
1. Reconstructing Business Models
The decline in venture capital along with the need to sustain the cut throat competition has created the need among companies to rebuild their work process and reset their financial goals. Varied digital advancements have acted as a strong support to function smoothly while cutting down unnecessary expenses.
2. Paradigm Shift to skill-based hiring
Acting as a by-product of the pandemic and digital evolution, upskilling & reskill have started driving a shift in the mindset of the employer as well as the employee. It has initiated a learning culture.
3. Geographical Expansion of Talent Mobility
Remote work culture connected employees and employers from different regions. Pride walk along with WFH led to a higher focus on DE&I. Digital advancements & need for skilled workers has let people shift to job type & industries.
4. Gig Workers Versus Employees
The boom of platform companies has shifted the focus from employment to collaborations. The mediating companies like e-commerce, transport, delivery apps, etc have created endless opportunities for freelancers who can work with multiple organizations at a time with minimum rules.
5. Emphasis on Upskilling & Reskilling
The industrial revolution has created the need for skilled-based workers not only among the existing employees but also among the new joinees. Skills have gained importance beyond the degree requirements. Among the leaders, only 11% prefer graduation as an element while the rest focus on skill & experience.
6. Revamped Hiring Process
The recruitment process evolved beyond job posts and hires. Social platforms are used as marketing tools, and the interview and coordination process have been digitized making it more accessible and tech-savvy.
7. Employee Versus Employers
Post-pandemic the work process has become employee-centric. Employers have revamped companies policy and customized employee benefits to suit the needs of the employees. Organizations like Adobe, Airbnb, Apple, Atlassian Inc. are among some examples of employee-centric companies.
(Author: Alisha Fernandes is an inquisitive learner & content writer at TechDoQuest)