Labour markets are dynamic and change for different reasons: some cyclical, some structural and as we have seen most recently, also as a result of the pandemic. We think most of the pandemic-related anomalies are transitory, but timing of a new normal is uncertain.
- This recovery is unlike any we have ever seen – demand for skills is at record highs in many markets with unemployment levels still high while workforce participation stagnates.
- Uneven economic growth continues with some markets recovering well while others lag, hampered by Covid variants, vaccination rates and challenges to a previously hyper efficient supply chain.
- Experimentation with new work models is widespread, as hybrid and remote work (formerly ‘telecommuting’), increase flexibility and will continue to do so into 2022.
- Employers continue to seek flexible and strategic workforce solutions to meet the strong demand for their goods and services today and for long-term sustainable value creation.
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Nabeel Penkar is a digital marketing and website professional based in Newcastle Upon Tyne, England. He is associated with Endicon GmbH and has educational background from Northumbria University. Penkar has contributed to HR industry discourse through publications on HRreview, including thought leadership pieces on employee development priorities and workplace equality initiatives such as equal parenting policies. His work spans digital marketing strategy and web development, positioning him at the intersection of digital transformation and human resources practice.
- Nabeel Penkar
- Nabeel Penkar
- Nabeel Penkar
- Nabeel Penkar
