By Dr. Andrew Chamberlain, Chief Economist, Glassdoor, reports on trends that will shape the job market in 2017. Glassdoor, as stated in the report, “has a unique perspective on the labor market, with access to millions of real-time job listings, salaries and company reviews that helps [them] keep a pulse on what’s happening today in hiring, pay and the broader labor market.” The five trends identified are:
The transformation of HR into “people science” – Thanks to low-cost workforce analytics that provide data “on every stage of the employee life cycle,” companies will use data to make HR more scientific.
Automation will change every job – Even though automation mostly effects routine jobs, white collar jobs are also vulnerable. Ongoing skill building that complements technology is key for job seekers.
Shifting away from flashy benefits packages – “In coming years, we’re likely to see large tech employers re-evaluating their benefits packages, more carefully focusing them on core benefits that offer the biggest bang for the buck in terms of engagement and productivity — rather than splashy headlines about unusual workplace perks.”
Taking action against the gender pay gap – “In 2017 and beyond, we are likely to see more companies taking positive action on the gender pay gap, using HR data to correct problems proactively in their own payrolls.”
Realizing the limits of the “gig economy” – “The fastest growing jobs today are ones that require human creativity, flexibility, judgment, and ‘soft skills’ like personal relationships such as health care professionals, data scientists, sales leaders, strategy consultants, and product managers. Those are exactly the kind of jobs least likely to function well in a ‘gig’ economy platform.”