The ‘Era of Great’ — Great Resignation, Acceleration, Reinvention

The shock and awe of proclaiming “Great Resignation” is?no longer there as we are several years into accepting this jargon into our everyday. Here at SkillGigs, we want to announce a new notion, with a positive spin: that we are in an era of many “greats.” That this is the era of opportunity for change and exploration, for everyone. Since the first time that the term "Great Resignation" debuted in headlines, it is interesting that the focus has been primarily on what it is and the strain of it. Companies and researchers have been discussing it for 2+ years, but as of March of 2022, we saw record highs in job openings and employee turnover.

It is time to change.?

The Great Acceleration?

Talent shortages, especially in skilled areas like tech and healthcare, were already a concern before the global pandemic. With tech advancing exponentially, the skills needed to match and support digital transformation have kept many CEOs up at night — for years. And for our healthcare folks, the aging baby boomer population already had a prediction of inadequate staffing supplies hitting us by 2030. ?

And then BOOM. The world stopped. Companies had to take their 5-year digital transformation plans and put them in hyperdrive to survive. And we all saw what healthcare has been going through....?

COVID created a vacuum for acceleration. Acceleration for change; change in productivity, change in products, change in services, change in equality (pay, race, human rights), and change in how businesses fundamentally operate. Companies that moved quickly have come out on the other side more agile, successful, and open to what is next. We also see many tech-specific employers managing significant layoffs, some of which could contribute to the initial panic of not moving fast enough during a crisis. [No worries, tech professionals, plenty of employers need you – check out gigs .]?

At a minimum, we propose that we shift to the Great Acceleration instead of using "Great Resignation" to explain current hiring climates. It changes the narrative to choices made to the overall energy we see in both job seeker and hiring manager. It is time to change as staffing shortages will continue to accelerate. And how we adapt needs to match the speed. Key practices in hiring we see requiring acceleration:?

• Use of tech to help recruit and retain better matched candidates?
• Speed to hire?
• Direct sourcing strategies?
• Exploration of new benefits; and evolving those benefits (nothing stagnant) ?
• Truly equipping remote and hybrid workforce with the comforts needed to excel productivity ?

The Great Reinvention?

If the Great Acceleration is where we change the narrative to new energies, then the Great Reinvention speaks to the potential of choices that are still to come. Here at SkillGigs, our motto is to reimagine to reinvent. What we mean by this is innovation backed by action. Talking at the Great Resignation as a problem only masks the conversation around the sorts of action a company can take to create accelerated change. If a world thrown into chaos via a pandemic does not cause you to consider reinventing processes, perhaps these stats will shine a light:?

• As of January 2022, remote jobs have increased by 420%?
• A recent study revealed that 20% of new hires do not “show up” — the core reason? Feeling neglected during the interview process?
• 46% of US talent acquisition leaders are focused on creating meaningful candidate relationships?
• Candidates are making choices at speed — on average 15 days between applying, and interviewing, offer wins out over roles that take months for hiring. ?

In all seriousness, we could pull out 100+ different data points to help paint the picture that candidates are in the driver’s seat and many companies need to look inward to change processes. According to Grand View Research , “the global HR software market size is expected to exceed USD 10 Billion" this year. We are almost halfway through 2022, what has your company invested in??

Reinvention of the hiring process is a critical factor for?the here and now success of companies.?Reinventing to some may mean flipping the script entirely. If you are not prepared for remote or hybrid roles, building meaningful candidate connections, and hiring at speed, you may need to look at tools [we think SkillGigs.com is top notch ] to accelerate your reinvention. ?

We are in an era of greatness. Spin it however you want but our focus is on?actionable steps. What are yours??