cb-ebook-workforcefuture-2022
cb-ebook-workforcefuture-2022
WORKFORCE
OF THE FUTURE.
A survey of hiring managers
and workers.
A hiring.careerbuilder.com
TABLE OF CONTENTS
INTRODUCTION 3
SECTION I
Skills 4
Skills-based hiring 5
Closing the skills gap 6
SECTION II
Prioritizing personnel 7
SECTION III
Technology in the hiring process 11
METHODOLOGY 14
ABOUT CAREERBUILDER 15
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INTRODUCTION
A decade-long threat is now engulfing the job market – the
skills gap. The growing divide between employers’ needs and
job seekers’ skills has been accelerated by the pandemic
through shutdowns and eliminations of lower-wage jobs.
By 2030, it is estimated that 1 in 16 workers will need to find
a different occupation, a rate that is 12% higher than what
was estimated pre-pandemic, and many of them will need to
transition to higher-wage roles.1 Even as overall employment
has improved from the height of the pandemic, permanent
losses in the job market are stacking up:
• There are often 10, 20, or even upwards of 360 open roles
per single candidate, according to the Bureau of Labor
Statistics.
• A key small business index is showing a similar trend: 44%
of small businesses are reporting job openings they can’t
fill, compared to a 48-year average of 22%.2
Key Takeaways
• Both employers and employees are hungry for more training and
professional development.
• Engaging with each employee on a personal level and accommodating
their needs is essential.
• Technology is part of the solution, but it can’t undermine the role
people play in the hiring process.
1.
1. The
The Future
Future of
of Work
Work After
After COVID-19
COVID-19 Report,
Report, McKinsey
McKinsey GlobalFebruary
Global Institute,
Institute, February 2021.
2021.
2.
2. NFIB
NFIB Small
Small Business
Business Jobs
Jobs Report,
Report, April 2021.
April 2021.
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SECTION I
SKILLS
Closing the gap for new
candidates and existing
employees.
4 hiring.careerbuilder.com
Skills-based hiring.
An immediate action item, with soft skills and upskilling at the
forefront of the process.
Skills
Hiring managers’ top priority for recruitment and human capital management in
SECTION I
2021 is skills-basedhiring practices (31%). Moving forward, the majority (85%) will
focus less on candidates’ prior titles and more on their skills and experience, and
68% of workers say they determine which jobs to apply for based on the skills or
experience required.
When evaluating candidates, hiring managers overwhelmingly say soft skills and
experience are important, with more than half saying each is very important.
These are on par with the top factors that workers say should be important when a
company evaluates candidates.
Ability to translate skills to the job at hand Communication skills in emails or interviews
The strong majority of hiring managers say they currently upskill candidates by
providing job-specific training, which is a dramatic change from just two years ago
in 2019 when 62% had ever hired a candidate who didn’t have the skills required for
a position with plans to train them. With upskilling increasingly common among
employers, most workers report they would be comfortable being upskilled.
Within a few years, most hiring managers (80%) say hiring candidates with strong
soft skills and upskilling them for a specific job will be the norm. More specifically,
over the next two to three years, 32% who currently upskill candidates by providing
job-specific training envision doing so more often.
88% 89%
of hiring managers currently hire candidates of workers would be comfortable starting a job
who demonstrate strong soft skills and then based on their soft skills and being upskilled
upskill them by providing job-specific training. by the company through job-specific training.
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Closing the skills gap.
Workers want training and additional skills to advance, but
employers need to help.
Skills
The majority of hiring managers (69%) are concerned about Workers feel they do not have all of the skills
SECTION I
2019 2021
Without other options, employees have taken on this
responsibility: COMPANY OFFERINGS TO
• 65% of workers have taken a class or workshop outside ADDRESS THE SKILLS GAP
of the office to learn new skills that would help them in Training during work hours
their job.
53% HIRING MANAGERS
• 85% of workers believe it is their own responsibility to find
programs to expand their skills on their own time and 62% 64% WORKERS
0 20 40 60 80 100
3. Definition provided to
survey respondents: Where
the skill sets workers have
are not matching available
jobs.
4. Qualified employees in
the 2019 survey had little
or no involvement in hiring
decisions at their company.
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SECTION II
PRIORITIZING
PERSONNEL
Employers must do it well or
lose good people.
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Pay as a motivator or
Prioritizing personnel
dealbreaker.
Employees expect annual salary increases, while others are left
SECTION II
More than one-third of current workers expect more than a 5% salary increase
each year, but nearly twice as many look for this when switching jobs. Employers
may be reacting to this – 62% of hiring managers plan to increase initial job offers
for new employees in 2021 compared to 2020.
Among hiring managers who have minimum wage workers, 56% plan to pay them
$15 or more per hour, with the largest companies (5,001+ employees) the most
likely to report this (68%). Further, 51% anticipate their organization will raise their
minimum wage in 2021.
Further, nearly one-fifth of workers (19%) are currently working more than one job,
and 69% of them say they rely on gig work just to make ends meet.
5. Definition provided to
survey respondents: Did
not show up for the first
day of work after accepting
an offer.
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Employers must adapt to their
Prioritizing personnel
(78%) and hiring managers (75%) report their company has made long-term
changes in response to employee requests during the COVID-19 pandemic.
A driving factor for these changes may be that 80% of hiring managers believe
there will be higher employee turnover in the future if employers do not
accommodate employees’ personal lives.
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HIRING MANAGERS
• 61% agree their company would like to accommodate new
employee requests as a result of the COVID-19 pandemic
(e.g., remote work, flex time, more training, etc.) but does 65% 37%
(of 65%)
not have the resources to do so.
have remote have an issue with
Work-life balance is also top of mind for the workforce of the employees. employees unable to
set boundaries and
future. Nearly 2 in 5 hiring managers feel their company has disconnect outside
an issue with remote employees being able to disconnect of work hours.
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WORKERS
they struggle with this. Although companies are taking
action to help employees set boundaries and disconnect
outside of work hours (75% hiring managers, 77% workers), 64% 49%
(of 64%)
workers are struggling more than employers recognize.
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The push for DE&I.
Prioritizing personnel
more could be done – around 3 in 10 workers would like their 29% HIRING MANAGERS
company to address some of these more over the next two 32% WORKERS
to three years. 0 20 40 60 80 100
Gender equality
Among hiring managers who address DE&I, these efforts 26% HIRING MANAGERS
are driven by a desire to have multiple perspectives within 31% WORKERS
the organization (56%). Some also have long-term DE&I 0 20 40 60 80 100
goals to create a fully accepting workforce (41%) and have a Ethnic/Cultural differences
diverse employee population (35%). This sustained focus on 25% HIRING MANAGERS
DE&I is key as most workers say inclusivity is important and
32% WORKERS
they would be likely to switch jobs if their company was not 0 20 40 60 80 100
prioritizing DE&I.
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SECTION III
TECHNOLOGY
IN THE HIRING
PROCESS
Essential, if done right.
11 hiring.careerbuilder.com
Technology in the hiring process
6. Definition provided to
survey respondents: Allows
you to submit an application
to online job ads with a
single click.
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Technology in the hiring process
Communication during the hiring process can be make-or- Poor communication leads to candidate
drop-off.
break for employers. The most common cause of workers’
��� ���
frustration when looking for a job is poor communication
(51%), including:
• Employers leaving them in the dark about where they stand 38% 69%
(of 38%)
as a candidate (38%).
• Employers not acknowledging receipt of their application (30%).
dropped off in say they dropped off
the application due to poor
Further, one-quarter (25%) have felt frustrated by process. communication.
companies’ lack of response when looking for a job. Among
��� ���
workers who have dropped off in the hiring process,
the top reason for doing so is poor communication
– either it took too long to hear from the company or 28% 56%
(of 28%)
their communications about next steps were vague or
automated and not personalized.
dropped out of say they dropped out
the interview due to poor
Employers are just as frustrated. Candidate drop-off7 is a process. communication.
8. Definition provided to
survey respondents: When
a new employee does not
show up for their first day of
work after accepting
an offer.
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METHODOLOGY
This survey was conducted online within the United States by The Harris Poll
on behalf of CareerBuilder between March 31 and April 23, 2021 among 2,100
employers (defined as adults ages 18 and over in the U.S. who are employed
full-time, not self-employed, and have full or significant involvement in hiring
decisions at their company) and 3,107 employees (defined as adults ages 18 and
over in the U.S. who are employed full-time and not self-employed or who were
employed full-time in the last 12 months but not self-employed and are actively
looking for a job). Data for employers were weighted where necessary by company
size and data for employees were weighted where necessary by age by gender,
race/ethnicity, region, income, education, size of household, and marital status to
bring them into line with their actual proportions in the population.
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ABOUT
CAREERBUILDER
CareerBuilder is a global HR company that provides talent acquisition solutions to
help employers find, hire and onboard great talent, and helps job seekers build new
skills and progressive careers as the modern world of work changes. CareerBuilder
has 25 years of experience as a talent company using technology to place people
in jobs, and it is the only company with both the technology, through its online
platform, and the candidates via its job site, to create a connected end-to-end
experience. We operate in the United States, Canada, Europe and Asia and are the
largest provider of AI-powered hiring solutions serving the majority of the Fortune
500 across five specialized markets.