Trends that will Build the Labor Market in Armenia for 2022

 

The changes that the world of job is experiencing due to the irruption of technologies, and the new business models that they facilitate, have been accelerated by the impact of the pandemic, the shortage of labor and the alteration in the priorities of the workers. This situation forces companies to adapt to the new demands of their workforce and prepare to face 2022 with a labor market more alive than ever.

 

64% of the workforce was negatively affected by COVID-19; 28% lost their jobs or were temporarily fired; and 23% suffered a pay cut. This situation has led workers to prioritize their needs and has led to increased pressure on companies to adapt to these new demands from their workforce. This data shares the trends that will build the workforce in 2022. These go through the choice of an ideal work format, the key importance of the relationship between employees, driving resilience and digitization.

 

Also the way to find jobs has changed during the time. Google is one of the top places where people search for a job. For instance, in Armenia the main searched phrases are ashxatanq tanic, ashxatanq, թափուր աշխատանք, pntrum em ashxatanq, etc.

 

Trends that will build the 2022 workforce

 

1. Better employee visibility

Companies will continue to explore and test on-site, remote or hybrid work models, and will seek new opportunities to increase employee visibility and better understand the needs of a dispersed workforce. And in order to strengthen the relationship between colleagues now that there is no coexistence in the office and people mainly work due to teleworking, the analysis of employee data will serve to provide information on the levels of commitment and performance, which will help executives to assess what work format is ideal: 100% remote or hybrid. This new scenario based on mutual trust will help drive employee engagement and performance.

 

2. People and their goals will drive corporate culture in the workplace

As employers look for ways to implement new work models, the relationship between employees will be a benchmark in workforce strategy. This relationship will serve to boost the commitment of workers and will cause companies to focus their efforts on people and analyze what factor unites them. Workforce flexibility will extend beyond current limits and employers will take initiatives to build a workplace where everyone can thrive. Diversity, equity and inclusion strategies will also evolve to drive real and measurable progress.

 

3. Correct data analysis and experience will boost resilience

As many of your employees will continue to work remotely or hybrid, operational and compliance demands will increase, adding to an already complex regulatory environment. To adapt to the new requirements, HR managers will rely more on real-time data to be able to proactively comply with regulations and make the right decisions. Valid data obtained will be key to providing companies with the confidence they need to operate successfully.

 

4. More innovation will accelerate growth

As business models evolve in today's environment, companies will turn to technology to drive efficiency and expand their capabilities, with the aim to reduce the time that is spent on administrative tasks and thus being able to focus their efforts on activities that generate growth. and have a greater strategic impact.

 

“The labor market is in constant motion and the needs of Human Capital evolve hand in hand with technology. In the midst of all the change we have experienced, there has been something that has been strengthened: the performance and importance of people. So to support and empower their people, companies base their decision-making on data and harness that insights to better understand the needs of their employees and what drives their productivity. And this improved visibility is fostering a greater sense of connection and paving the way for them to continue to grow and innovate in the future,” says Don Weinstein, global corporate vice president, Products and Technology, ADP.