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people, not companies, create magic.
This is the year to recharge, refresh and renew your talent strategy by
putting people first. Skilled talent is in high demand and short supply, and
one thing is clear: companies that treat workers like people — not human
commodities — will emerge the winners in 2022.
Our 2022 Talent Trends research, which includes the views of more than
900 human capital and C-suite leaders in 18 markets, shows more than
half (53%) of companies plan to hire extensively over the next 12 months.
CEOs and other C-suite executives told the Conference Board the labor
shortage is their third biggest challenge for this year. In response to the
tight labor market, leading companies in the world, such as Intel, are
making "significant" investments in their people. McKinsey suggests that
businesses are becoming increasingly creative in their human capital
investments to stem the skills crisis. During the Great Resignation, the
needs and expectations of people have emerged as a top priority for
companies everywhere.
Many of these moves initiated by C-suite leaders are meant to head off the
seismic shift that has occurred during the past year. So much about the
labor market has changed that it is nearly unrecognizable to those who
have led its transformation during the past decade. The Great Resignation
and Great Enlightenment have led to millions exiting the global labor
market or accepting more attractive positions. Today, talent dictates terms
of employment as organizations struggle to fill roles across nearly every pay
grade. From merchandisers who stock store shelves to home health aides
who tend to patients to data engineers who produce critical insights, the
shortage of talent is stunning.
Cindy Keaveney
chief people officer
Randstad Global Businesses
