Companies worldwide cut a record number of jobs in 2020 as the Covid pandemic swamped countries like a wave. As a result, nearly 10 million Americans were unemployed as of March 2021, according to the U.S. Bureau of Labor Statistics. But since then, a hiring spree has seen companies and businesses bring on new talent. Recent data also suggests that many people sheltered in their jobs during the pandemic. Some of them may now be willing to make a move.
Many businesses closed their doors while others cut back during the coronavirus pandemic. As the nation reopens, businesses play a pivotal role in supporting a safe return to work for their employees.
Knowing what to expect will help companies best position themselves for success after a year of uncertainty and volatility in the workforce. This is true whether your company is worldwide, or competitive regionally, or locally. Either way, there are continuing trends that can help your company develop the strategic roadmap you need to succeed in a post-Covid work environment.
Now that we are well into the second quarter of 2021, life is slowly returning to normal, or perhaps a “new” normal. One of those changes is that many businesses have discovered that their employees can continue working remotely rather than returning to the office. In addition to working remotely, business experts expect some other changes as we move through 2021:
While it would be nice to believe 2021 will be about returning to normalcy and a more stable business environment, but it may well be a year of transition. Many businesses will discover their workers can continue working remotely rather than returning to the office. Other factors will shape the business environment as well this year.
We all see it! The increased construction, traffic & list of unfilled positions. What’s going on? The simple answer is growth. The Arizona job market is expanding at a tremendous rate. Our employment is projected to increase by 165,000+ new jobs in 2020. There’s no question that Arizona’s job market is booming. “Arizona is open for opportunity — and the word is out,” said Governor Ducey “. For the third year in a row, more people are moving to Maricopa County than any county in the nation. New companies, corporations, & open positions flood the streets of The Grand Canyon State. So, what are the top industries currently dominating the job market? Why is Arizona growing so rapidly?
Devoting the time and energy necessary to find the right candidate might be costly, but not nearly as costly as hiring the wrong candidate. Experienced hiring managers know that it’s well worth the extra effort to find the right person, the first time. Bad hires can cost companies many thousands of dollars in lost revenue and decreased productivity. You might be able to replace a bad hire but you can not replace the time and effort you invested.
Ask any good business man or woman, and they’ll tell you that planning for the future is an essential key to success.
No matter how incredible you may be to work for, employee turnover is an unavoidable reality that every business will experience.
Allstaff Services, Inc. has been staffing Phoenix Valley businesses for more than 55 years, and our experience has taught us it’s important to anticipate yearly workplace trends.