The COVID-19 pandemic has shrunk the talent pool market, increasing talent shortage to a degree that no one could have predicted. Today, companies are offering great starting salaries, proposing more long-term incentives and benefits, paying sign-on bonuses, and doing so much more to attract talent. But, talent yet is difficult to entice. Further, remote working practices have increased, leading to even greater struggles for business owners. Everything is changing — people no longer want to work within fixed office spaces, people want to take up different jobs and professions, people want a flexible work schedule, and the list goes on. This brings us to think about the different talent and leadership trends that are to come this year.

Upskilling the existing team

Facing a talent shortage means organizations need to keep a hold on their current workforce. The people they currently have are going to be the people they’ll really need if they’re not holding on to. This requires upskilling existing employees to prevent attrition, and fill niche roles. Training, development, and mentorship programs need to be raised. And, investments need to be made in new technologies to help advance careers.

Work has shifted from offices to homes and in-person meetings to online conference video calls. Everything is going more virtual. This brings challenges for maintaining relationships and building connections. Opportunities thus need to be created for deeper connections between teammates and building bonds. And for this, organizations need to instill a culture of understanding, listening, and inspiring employees to feel more connected.

Change is constant, and even more in the past two years. Adapting to this change, and being flexible with working styles is what can help a business succeed today. Companies thus are required to harness the agility and flexibility shown by their workforces, while also reinventing themselves for further change that can be predicted for the future, such as digital accelerations, supply chain issues, ever-shifting consumer demands, shortages, etc.

Read Full Article: 7 Talent And Leadership Trends For 2022