3 ways to transform your workplace – LinkedIn’s Global Talent Trends

21-11-2019 | The Blog Series

The relationship between employees and employers is evolving into a more equality-focussed dynamic. However, this trend is not solely based on the fact that it improves the overall image of the company, it is actually beneficial for your business. The research is based on a LinkedIn survey of 5,000+ talent professionals in 35 countries from around the world. 

Three major trends shape this new wave. This blog will dive into each segment, explaining how they affect the employer-employee relationship, and how it contributes to establishing a successful business. 

We’ve listed the trends in order of perceived importance, according to the LinkedIn survey. Keep reading to find out what these trends are, how to incorporate them in your company and what benefits will it bring you.

Even though the first thing a recruiter will do while going through a candidate’s CV is to assess their hard skills, soft skills are what ultimately get someone the job. In a world where A.I. and automation make the future of hard skills questionable, soft skills shine through. This creates the need for companies to clearly identify their hiring strategy and assessment measurements in terms of soft skills. 

Based on research conducted by Linkedin Talent Solutions, only 41% of businesses have an established formal process of soft skills evaluation. Usually, at job interviews, most candidates are assessed based on social cues during the conversation, which generally consists of unconscious biases and misjudgments. 

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To create a more structured process at your company: 

  • Identify which soft skills are the most valuable within your business
  • Identify the specific soft skills needed for a certain job opening
  • Gain insights into the candidates through online assessment tools 
  • Be aware of the possibility of biased opinions as you conduct interviews
  • Create standard questions for the soft skills you are looking for
  • Use problem-solving questions to reveal the candidates’ spectrum of soft skills

Currently, creativity is the most desirable soft skill on the market. Outside of its common association with art, this soft skill is relevant to almost every job position. Such an example is problem-solving, a process that without doubt requires creativity. Time-management is also a prized soft skill. 

Flexible working hours and remote work possibilities are turning into the norm, and are no longer considered a luxury. Employees expect organisations to provide this before the interview process even begins. Flexibility is turning into a defining element when a candidate is choosing whether to take a job or not. Providing flexibility to employees results in retaining talent and increasing productivity. However, it increases collaboration difficulties. Here, tech tools come to the rescue. Platforms such as Slack provide the opportunity to instantly message your colleagues by remaining in a professional online space and not reaching out to social media channels.  

Talking about salaries has always been a taboo subject. However, the more transparent you are with your employees, the more your team will trust you. Being open about pay rates from the early onboarding stage prevents employees from misinterpretations and potential change in their morale due to misinformation. Establishing a relationship where team members believe in the employer’s fairness and appreciation of their work, ensures a trusting working environment. 

Even though many companies still have concerns about stirring disputes when being open about salary rates, the hiring process is much more efficient when there is transparency during negotiations. Furthermore, it ensures fairness.

Conclusion

The workplace dynamic is constantly shifting and knowing how to adjust to these changes sets business apart in the war for talent. If you are able to show your ability to spot the power of soft-skills, be flexible in how you want your work done and provide (potential) employees with a clear idea of the remuneration and benefits that they are in line to receive, you will be in a strong position to isolate yourself from the opposition.

Source: Global Talent Trends 2019

PaymentGenes is partnering with companies that are at the forefront of global talent trends. Reach out to our Payments Recruitment Consultants if you need help with finding the best job at the most forward-thinking payments companies!

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You might also want to read our blog on Onboarding New Talent At PaymentGenes

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