5 trends in the labor market: employers would rather provide better fringe benefits than higher wages

Now that the Netherlands is recovering from the corona crisis, employees and employers are going out of the break again. Everyone played it safe during the pandemic, but now employers are looking for new talent and employees for new challenges, notes HR consultancy Robert Half. Due to the relaxation of the corona measures and economic growth, the number of vacancies has grown considerably in recent months. Even since 2016, the labor market has not been as tight as it is now, the AD recently wrote. Nevertheless, according to Robert Half, this hardly leads to wage increases. The HR consultancy does see these five trends in the labor market:

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1. More fringe benefits

Employers have been through a difficult period financially. As a result, no less than 91 percent of employers do not expect to be able to offer a raise to permanent staff and only 11 percent are committed to wage increases in the coming year to retain talent, according to Robert Half.

That is why employers are looking for other ways to attract and retain staff in the form of additional fringe benefits. About a third of employers offer candidates things such as an electric bicycle, a gym subscription or a work-from-home allowance.

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2. Working from home

Employers would do well to continue to offer their employees the opportunity to work from home. Many employees have become so used to it during the corona pandemic that work-life balance has become a central theme. Nearly one in three employees say they currently make flexibility a top priority in their career. Offering work from home has a positive impact on attracting talent for half of employers, according to research by Robert Half.

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3. Adaptability required

In recent years, employers have learned how important adaptability and flexibility are. In order to remain successful in the future, adaptability, also known as AQ, is becoming increasingly important. Soft skills such as planning and organizational skills and creative thinking are also high on the wish list of employers. Still, more than a quarter of employers say most candidates do not have the necessary soft skills, and nearly two-thirds believe the coronavirus pandemic has had a negative impact on skills development.

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4. Better communication

Working remotely requires better communication.Diversity, Equality and Inclusion

Within that corporate culture, the themes of diversity, equality and inclusion are high on the agenda, notes Robert Half. Companies that focus on these themes notice a positive impact on employee loyalty and retention and see that it also leads to new ideas and innovation.

A third of companies have already invested in programs that support diversity, equality and inclusion, and more than half of companies allow candidates to apply anonymously when recruiting talent.

Author: Jobly