Bitter expectations for 2023 for companies. Companies, paradoxically, expect economic activity to worsen next year, even though executives will continue to hire. This is confirmed by a survey conducted by the temporary employment company. Randstad and the employer’s CEOE, pointing to this two out of three companies They will expand their roster in the next 12 months.
The same proportion – two-thirds – assumes jobs in their industry will worsen next year, and that’s inflation high, rise interest rates and the ongoing uncertainty surrounding the Ukrainian war and its derivatives. Companies will try to tighten their belts to continue expanding their balance sheets. 87% of companies say they aim to cut their spending in the next year, with four out of ten doing so through templates. They do not specify whether there have been any cuts in working hours, lower wages, or staff turnover that would contradict this generalized hiring forecast.
Randstad and CEOE survey was prepared according to the following principles: 300 draws a particular problem to companies and other sources such as INE indicate that it is not common. This is the state of affairs that the business sectors have been putting out for months to fill vacancies. According to data from employers, 72% of companies say they have trouble finding certain profiles, up from 55% last year. “There is a shortage of people in Spain“, CEOE chairman stated, Antonio Garamendi.
And 40% of human resources departments think it will be more difficult to fill open positions next year than it is now, especially in high- and mid-skilled profiles. The reasons cited are lack of profiles, high competition in the industry to capture those profiles, or the contracting company operating in a less attractive industry to work in than others that require the same profile. INE on the same issue, currently 145,053 empty seats in the Spanish labor market. Although it is the highest figure in the entire historical series, it does not exceed 6% of the total number of jobs available.
Improvements in time flexibility
Chief executive of Randstad for Spain, Portugal and Latam, Jesus Echevarriacompanies to agree terms, time flexibility and remote work to attract new talent. Regarding the latter, as the director of the Randstad Research institute put it, “something in high demand”, Valentine’s Day Boat. Despite this, only 9% of wage earners are covered by a collective agreement that explicitly regulates remote work. Improving retention conditions (for companies) curbs involuntary turnover. According to Randstad calculations, there is an average turnover of 17% on an annual basis. In other words, a company with 100 employees will not be able to complete 17 years and will voluntarily transfer to another company.
go up fees It is not one of the priority formulas among the companies surveyed. Specifically, flexible hour policies are the fourth option for attracting professionals, behind enhancing the company’s image as a desirable place to work or lowering expectations by the company when hiring. Only 38% of companies looking to hire new profiles are willing to pay more to attract them.
Source: Informacion
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