What To Do About Inflation Pay, Job Design, Hiring, And Hybrid Work Now? It's Still Complicated.
Oct 28, 2022
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Explore the urgent challenge of pay equity amidst soaring inflation. Discover strategies to coax employees back to the office when remote work is the top preference for most job seekers. Learn how to rethink job design to alleviate stress during hiring crises. Delve into the shifting priorities of employee experience, where standard of living now overshadows mental health concerns. Plus, get insights on whether the Four-Day work week could really be a game changer!
The transition to hybrid work requires organizations to balance flexibility with structured in-office interactions to facilitate effective communication.
Emphasizing skills over traditional job titles is crucial for navigating recruitment challenges and aligning talent with evolving market demands.
Deep dives
Challenges and Trends in Hybrid Work
The transition to hybrid work has become a significant topic within organizations as employees increasingly seek flexibility in their work arrangements. Research indicates that while the percentage of remote job postings has decreased since the pandemic, there remains a high demand for such positions, with a vast majority of applicants gravitating towards them. Employers face challenges in managing this new hybrid model, particularly in facilitating face-to-face interactions that are crucial for complex discussions. The necessity for a balanced approach, which includes structured in-office meetings, is emerging as organizations strive to define their own guidelines and best practices for hybrid work.
Improvements in Diversity and Inclusion Efforts
The shift to hybrid work has prompted companies to focus on enhancing diversity and inclusion (DEI) programs, recognizing the need for more explicit conversations around equity and belonging. Experts suggest that the pandemic has created an environment where organizations are more aware of issues related to microaggressions and the importance of fairness in the workplace. This increased emphasis has led to the development of improved policies that seek to address previously overlooked disparities. Consequently, many organizations are reporting a positive trend in their DEI initiatives as they adapt to these newfound priorities.
Evolving Recruitment Strategies and Skill Requirements
The recruitment landscape is evolving, with a growing emphasis on skills rather than traditional job titles. The introduction of a comprehensive skills taxonomy by LinkedIn underscores the complexity of matching job requirements with available talent, highlighting the dynamic nature of job roles in response to new technologies and market needs. Organizations are encouraged to adopt a systemic approach to human resources that fosters collaboration across talent acquisition, learning and development, and employee experience. This holistic strategy is essential for navigating the challenges of skill identification and recruitment in a competitive job market.
After several weeks travelling to conferences and talking with clients I want to riff on a bunch of urgent topics: How do we create pay equity when inflation is running at over 8%? How do we get people "back to the office" when 55% of job candidates now want fully remote work? How do we redesign jobs to reduce stress and help with tremendous hiring challenges? And what really works for Employee Experience now that people are more worried about their standard of living than their mental health? (And will the Four-Day week really work?)
In this podcast I try to cover it all, and also point out some of the important lessons in my book Irresistible, to help you stay ahead of this crazy labor market.
Important ResourcesIrresistible: The Seven Secrets Of The World's Most Enduring, Employee-Focused Companies (a 99 cent special price discount on Kindle for a week!)
Microsoft's Amazing DEI and Pay Equity StoryMercer's New Inside Employee's Minds (how pay has become the #1 issue for employees all of a sudden)
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