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Some of the methods employed by companies to attract and retain top talent are by offering creative compensation and benefits packages and reskilling current employees. Predictions say that until 2027 there will be an increase of 13% in STEM-related jobs, compared to only 9% in non-STEM. JobDescription and Posting.
Utilizing freelancers and contractors Modern employees are increasingly moving away from full-time jobs to pursue more flexible options, like freelance or contract work. Upwork predicts that half of all workers will be freelancers by 2027.
The new rule requires an increase to the salary threshold for executive, administrative, and professional workers (EAP) and Highly Compensated Employees (HCE) to qualify for exemption from overtime. HCE salary thresholds are based on total annual compensation. Employers must comply with the final rule by July 1, 2024.
million workers by 2027. With skilled labor supplies dwindling, reaching out to Gen Z job-seekers is essential. Create inclusive jobdescriptions Start by revisiting the way you design and write jobdescriptions. Broader talent pool Diversity recruiting is a must in a highly competitive environment.
Write compelling jobdescriptionsJob posts are often the first contact candidates have with your company, so they’re a perfect way to amplify your employer brand. Review your compensation practices Compensation is the top priority for candidates globally, but it’s not always about the exact pay an employee receives.
Include legal, tax, or regulatory requirements for remote work, especially for employees in different states or countries, to ensure compliance, such as work hours, overtime, and compensation policies. Six in 10 workers will require training before 2027. Creative thinking comes second, accounting for 8% of skills training priorities.
Create job postings with fewer resources at scale AI jobdescription tools automate the menial jobdescription writing process. Additionally, they remove subconscious bias from your jobdescriptions. It reviews the language of your jobdescriptions and identifies gendered language.
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