A global talent acquisition and managed workforce solution provider has released its predictions for recruitment in 2020.
Guidant Global believes the “rise of millennials and Gen Z”, “increase in remote work and permanent flexibility” and ability to “harness tech strategically” will be major factors impacting skills and hiring over the coming year.
Guidant’s report for 2020, outlines that millennials and Gen Z make up a third of the workforce with both generations expecting to be the majority demographic in the office as the decade progresses. These two age groups are more digitally fluent and place flexibility in high regard.
The rise of flexible working is also giving way to remote working. Global Workplace Analytics, a research-based consulting organisation shows that since 2005, the amount of employees working remotely has increased by 140 per cent. This number is expected to rise further during the 2020s and become the new norm. Upwork, a freelancer platform, predicts that by 2028, 73 per cent of all companies will hire remote workers.
Technology will become a major factor with PwC stating that Artificial Intelligence (AI) could contribute to $15.7 trillion to the global economy by 2030. Guidant believes in order to hire and retain talent for 2020 and in the near future “technology will be a competitive necessity”.
Simon Blockley, CEO at Guidant Global said:
As we hurl headlong into a new decade, the intertwining forces of technology, economics, politics and shifting demographics will usher in a host of new opportunities, and challenges, for businesses to grasp.
More than ever before, firms must adapt and remain agile to attract talent in uncertain markets. With tech expanding at a rate that feels almost impossible to keep up with, HR and talent acquisition professionals need to harness the latest technologies and anticipate the next major talent and HR trends lurking around the corner.
In addition, with millennials and Gen Z already making up a sizeable one-third of the workforce, it’s vital that their needs are considered, met and planned for, in order to ensure that businesses are building workforces in a better way.
Darius is the editor of HRreview. He has previously worked as a finance reporter for the Daily Express. He studied his journalism masters at Press Association Training and graduated from the University of York with a degree in History.