BREAKING! Global Workforce Report Findings = Top Talent Is Hard to Find, Harder to Keep

Uncover how to attract, retain, and empower top talent in what’s becoming an employer’s market flooded with job applications.

1. It’s an Employer’s Market: With applications outpacing job openings, the job market favors employers. Job seekers need to stand out more than ever in a candidate-dense market.

2. Experience Requirements are Increasing: 59% of employers are raising experience requirements, making it tougher for job seekers, especially career changers. Upskilling and building relevant experience is critical.

3. Retention of Top Talent is a Struggle: Despite the competitive job market, top performers are leaving. Job seekers should focus on showcasing their impact to stand out as high-potential candidates.

4. Meaningful Work is a Priority: Workers who believe their work is meaningful feel more accomplished. Job seekers should prioritize roles that align with their values to stay engaged and productive.

5. Internal Mobility is Key: Companies that offer growth opportunities internally can retain talent better. Job seekers should look for organizations that support career development and mobility.

6. Trust and Transparency Matter: Employers are focusing on rebuilding trust. Job seekers should look for companies that offer clear communication and transparency in expectations and goals.

7. AI is Shaping the Hiring Process: AI is helping companies optimize hiring and uncover hidden talent. Job seekers should be aware of how AI is used in hiring and optimize their resumes accordingly (e.g., keywords).

8. Tailored Employee Experience: Employers are personalizing the employee experience based on tenure, which means job seekers can expect more tailored support as they grow in an organization.

9. Applications are Flooding In: The sheer volume of applications makes it harder for individual candidates to get noticed. Personal branding and networking are essential to standing out.

10. The Future Requires Adaptability: The world of work is evolving rapidly. Job seekers should be ready to adapt, focus on lifelong learning, and build resilience for long-term career success.

Check it out here: https://blog.workday.com/en-us/workday-global-workforce-report-1H24.html