Glassdoor, Indeed paint stark picture of hiring problems, labor shortage - San Francisco Business Times

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Hiring problems, labor shortages could last for years. Businesses need to be ready.

The tight labor market that has defined the past two years isn't likely to disappear in 2023 — meaning employers should count on a sudden return to pre-Covid-19 workforce dynamics.2023 Hiring & Workplace Trends Report, a joint study by Glassdoor and Indeed

"Covid deeply impacted the way we work. What is critical for leaders to understand is that these changes and shifts are not temporary. There will be no return to 'normal' that many seem to be awaiting," said Svenja Gudell, Indeed chief economist, in a press release."The five trends we have identified explore the labor market of tomorrow, and what a new normal will look like. These trends are driven by hard data — both within our organizations and beyond.

Emphasis on happiness and wellbeing: The post pandemic workforce cares more about their own happiness and wellbeing than ever before. The vast majority of workers, about 90%, believe how they feel at work matters. Job search activities among workers looking for other jobs decreases as their satisfaction scores rise, according to Glassdoor. And about 46% of workers say their expectations around happiness at work have increased over the last year.

 

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