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The Josh Bersin Company
Calm Before The Storm: The Massive Impact Of Pandemic Recovery
May 28, 2021
Explore the impending shifts in the job market as we recover from the pandemic. Delve into the evolving economic landscape influenced by government spending and labor dynamics. Discover the disruption in pay models and the rise of marketplace work structures. Uncover the role of technology in transforming HR practices and enhancing employee experiences. Finally, witness the transition to Agile management and the challenges of rising income inequality shaping the future of organizations.
24:55
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Quick takeaways
- The rapidly changing job market necessitates creative recruiting and reskilling strategies as companies face high expectations and competitive pressures.
- The shift towards marketplace models emphasizes agility in organizations, challenging traditional hierarchies and requiring new approaches to management and collaboration.
Deep dives
The Job Market Dynamics
The current job market is undergoing significant changes, with a rapid decline in unemployment rates and a surge in service jobs. However, this growth is accompanied by constraints in manufacturing and a shortage of skilled labor, creating challenges for employers who must adapt through internal mobility and reskilling initiatives. Businesses will need to adopt creative recruiting practices, including competitive compensation packages, to attract and retain talent in the booming economy. Despite the excitement of economic growth, this period may be stressful due to high expectations and competitive pressures, posing risks for companies unable to keep pace with their rapidly growing peers.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode