For business owners, as much they would love for their businesses to remain constant to make it easier to run, it is not possible. As new trends rise, they have to be constantly on their toes to survive. Challenges, opportunities, even threats are quite normal in the business world. They only need to be aware of these challenges and new trends especially in the business' HR departments and firms focusing on job consultancy in Dubai to survive. Among this year's trend are the following.
1. Millennial people enter the workforce. One thing that is notable this year is quite a huge number of millennial people entering the workforce. There is a prediction from experts that in America the number of these workers will even increase to about 30% of the workforce especially with other people retiring. The increasing number of this generation in the workforce is said to pose different challenges.
2. Baby boomers' retirement. Because many people are on their way to retirement, they can leave a huge number of positions that need to be filled up.
3. Employees working from home. Another trend is the increase in the number of employees working from home. This may have been given as a privilege to personnel trusted by their bosses however today, it is seen as an advantage for companies seeing that they can reduce their overhead costs using this strategy. The only thing they need to worry about is the productivity and creating standards.
4. Increasing number of freelancers. Businesses see it as an advantage because they can count on different specialists for their various needs minus the responsibility of giving them the costly benefits or salaries.
5. Increase in employees hired internally. The business industry is quite divided with this trend. While others see it as a good opportunity giving the company cheaper costs to hire their current staff rather than look outside the company and train a new employee, some regard it as a downside especially for those who are planning to enter the labor market. Read more trends here.
To make the necessary adjustments, companies should recognize these trends. This can help them cope with the changing environment.
1. Millennial people enter the workforce. One thing that is notable this year is quite a huge number of millennial people entering the workforce. There is a prediction from experts that in America the number of these workers will even increase to about 30% of the workforce especially with other people retiring. The increasing number of this generation in the workforce is said to pose different challenges.
2. Baby boomers' retirement. Because many people are on their way to retirement, they can leave a huge number of positions that need to be filled up.
3. Employees working from home. Another trend is the increase in the number of employees working from home. This may have been given as a privilege to personnel trusted by their bosses however today, it is seen as an advantage for companies seeing that they can reduce their overhead costs using this strategy. The only thing they need to worry about is the productivity and creating standards.
4. Increasing number of freelancers. Businesses see it as an advantage because they can count on different specialists for their various needs minus the responsibility of giving them the costly benefits or salaries.
5. Increase in employees hired internally. The business industry is quite divided with this trend. While others see it as a good opportunity giving the company cheaper costs to hire their current staff rather than look outside the company and train a new employee, some regard it as a downside especially for those who are planning to enter the labor market. Read more trends here.
To make the necessary adjustments, companies should recognize these trends. This can help them cope with the changing environment.
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