CXC Talent Talk #18

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If you want to find expert insights, trends, tips, and solutions for managing your talent needs, you are in the right place.

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Have you heard of quiet quitting, great resignation or great unretirement?

In this week's newsletter, find out what is quiet quitting and how can your business avoid it, how contingent workforce can solve talent shortage, is great retirement a cure for labour shortage, what does great resignation means for company's expansion and much more.

?? CXC Australasia

?? Quiet Quitting: What Is It and How Can Your Business Avoid It?

After two years of COVID stress, workers were somewhat discombobulated. Holidays didn’t happen, but burnout did. And workers sought better work/life balance.

This, coupled with the labour shortages brought on by COVID (a prime trigger for burnout), and workers have seemingly called “ENOUGH!”.

1. Enough answering emails at any time of day (particularly out of work hours).
2. Enough working on projects and tasks outside of their job spec.
3. Enough of toxic work environments where unhealthy competition between workers is the norm.
4. Enough of the long hours and meeting the sometimes-ridiculous expectations of their employer.

Learn how your business can avoid quiet quitting HERE.

???? Unemployment Rate in Australia: Causes and 2023 Outlook

According to a?National Skills Commission report, Australia is facing a staggering skills shortage across several sectors and job types.

The number of occupations struggling to fill positions has jumped from 153 to 286 throughout 2022. This means, almost one-third of Australian sectors are facing a serious shortfall of workers.

Find out which are the roles with the greatest shortages in Australia HERE.

?? CXC Asia

?? How Can Contingent Management Workforce Solutions Help With Talent Shortage?

As more companies, from small-medium to large enterprises, continue to embrace the new online environment and realise its value in transforming their business in the digital age, the contingent workforce has become an unstoppable sector where a growing number of professionals choose to become independent talents.?

In the Asia Pacific, the top five countries with a fast-growing number of contingent workers are:

1. Indonesia (67%)
2. Hong Kong (66%)
3. Malaysia (64%)
4. Singapore (60%)
5. India (59%)

Read how companies are filling gaps in workforce shortage HERE.

?? Meeting the Challenge of Asia’s Talent Shortage

Asia’s talent shortage is not going away anytime soon. In fact, in the short term it will probably get worse, especially in tech sectors because of the digital revolution currently underway.

So what can Asian businesses do to meet this challenge and move ahead in our shaky, post-pandemic world?

Discover in the article HERE.

?? CXC Emea

?? New Episode: The Open Talent Report Podcast

On this episode of The Open Talent Report,?Connor Heaney?talks to Raz Chorev ??????????? , CEO of CWS Israel , contingent workforce services company. Raz embodies the Remote Work lifestyle, being and having a truely global workforce in CWS Israel.

Some of the topics?Connor & Raz discuss:

??Raz Chorev Story

??Israel - Entrepreneurial Haven

? Talent Scarcity - How to solve it?

??Remote work - cure or a curse

??Compliance in Israel

??Foreign workers in Israel

??Bias in ChatGPT

? Subscribe and tune in The Open Talent Report on?Spotify,?Apple Podcasts, and?Amazon Music?or listen to the full episode on our website?HERE.

?? Could the Great Unretirement Help Us Solve the Labour Shortage?

In a tight labour market, employers are looking for new talent pools to recruit from — and sometimes finding them in unexpected places.

One trend that could have a big impact on the UK labour market this year is ‘unretiring’: a phenomenon that sees newly retired people changing course and returning to work.?

Learn what this trend looks like in practice and explore some of the reasons behind it in the article HERE.

?? CXC North America & Canada

?? What does The Great Resignation mean for companies looking to expand?

The Great Resignation has been generating buzz recently, but most still aren’t sure if this phenomenon should simply be treated like a passing fad. ‘The Great Resignation’ was a?term coined by Anthony Klotz, an associate professor of management at Texas A&M University.

He predicted that as life gradually returns to normal in the post-pandemic era, more and more people would turn their backs on the 9-5 office grind.

Find out the catalysts for the great resignation, as well as how companies might react to this new era HERE.

?? The Talent Supply Chain: Convergence of Gig Economy and Remote Work

The talent supply chain is experiencing a transformation considering the growing gig economy and recent global developments brought about by the pandemic.

For the enterprise to manage this complex stakeholder group successfully, there are multiple factors to consider. One of the fundamental keys is ensuring strategic supply-chain management thinking is integrated into HR practices – something many organizations fall short on.

Organizations that embrace – rather than resist – the gig economy and remote working or a hybrid workforce will be the beneficiaries in the future of work, as their supply-chain will evolve to suit these changes in economic and workforce trends. Read more HERE.