{"id":1360,"date":"2021-10-15T09:56:00","date_gmt":"2021-10-15T08:56:00","guid":{"rendered":"https:\/\/rethinkq.adp.com\/?p=1360"},"modified":"2024-09-03T22:06:17","modified_gmt":"2024-09-03T21:06:17","slug":"how-the-pandemic-is-moving-the-war-for-talent","status":"publish","type":"post","link":"https:\/\/rethinkq.adp.com\/how-the-pandemic-is-moving-the-war-for-talent\/","title":{"rendered":"How the pandemic is moving the war for talent"},"content":{"rendered":"\n<header class=\"entry-header bg-adp-tan block--article-header alignfull block--article-header\" >\n\n  \n\n<figure class=\"wp-block-image size-full entry--image\"><img decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/10\/rural_cityscape_compressed.jpg\" alt=\"\" class=\"wp-image-1361\" srcset=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/10\/rural_cityscape_compressed.jpg 1920w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/10\/rural_cityscape_compressed-300x169.jpg 300w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/10\/rural_cityscape_compressed-1024x576.jpg 1024w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/10\/rural_cityscape_compressed-768x432.jpg 768w, https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/10\/rural_cityscape_compressed-1536x864.jpg 1536w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><figcaption class=\"wp-element-caption\"><a target=\"_blank\" href=\"https:\/\/unsplash.com\/photos\/iFzqTeNAsHM\" rel=\"noreferrer noopener\">CHUTTERSNAP<\/a>&nbsp;and&nbsp;<a target=\"_blank\" href=\"https:\/\/unsplash.com\/photos\/LY1eyQMFeyo\" rel=\"noreferrer noopener\">Jonathan Roger<\/a>&nbsp;Unsplash<\/figcaption><\/figure>\n\n\n\n<div class=\"wp-block-group entry--title-wrapper\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><div class=\"entry--social-share\">\n  <ul>\n    <li><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/rethinkq.adp.com\/how-the-pandemic-is-moving-the-war-for-talent\/&#038;t=How the pandemic is moving the war for talent\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/facebook.svg\" alt=\"Facebook logo - click to share this article on Facebook\"><\/a><\/li>\n    <li><a href=\"http:\/\/twitter.com\/share?text=How the pandemic is moving the war for talent&#038;url=https:\/\/rethinkq.adp.com\/how-the-pandemic-is-moving-the-war-for-talent\/\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/twitter.svg\" alt=\"Twitter logo - click to share this article on Twitter\"><\/a><\/li>\n    <li><a href=\"https:\/\/www.linkedin.com\/sharing\/share-offsite\/?url=https%3A%2F%2Frethinkq.adp.com%2Fhow-the-pandemic-is-moving-the-war-for-talent%2F\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/themes\/rethink-quarterly\/img\/linkedin.svg\" alt=\"LinkedIn logo - click to share this article on Facebook\"><\/a><\/li>\n  <\/ul>\n<\/div>\n\n          <span class=\"entry--tag tag-style\">A note from the editor<\/span>\n    \n  <h1 class=\"entry-title\">How the pandemic is moving the war for talent<\/h1>\n\n\n<p class=\"is-style-summary-style\">After two years of pandemic life, workers are reconsidering what they want and how they want to live. What\u2019s a would-be employer to do?<\/p>\n<\/div><\/div>\n\n\n  <div class=\"entry--meta content-width\">\n           <p class=\"authors\">By\n                        <a href=\"https:\/\/rethinkq.adp.com\/author\/grace-dobush\/\">Grace Dobush<\/a>\n\n             \n         \n     <\/p>\n    \n  \n  <p>15 October 2021  <span class=\"desktop-only\">\u2014<\/span> <a href=\"https:\/\/rethinkq.adp.com\/issue-3-place\/\">Issue 3: Place<\/a> \n  <\/div><!-- .entry-meta -->\n\n<\/header><!-- .entry-header -->\n\t<div class=\"entry-content content-width\">\n\n\n\n<p>As we round out the second year of the pandemic, two phrases keep popping up in business media reports: \u201cthe Great Resignation\u201d and \u201cthe Great Migration.\u201d The framing is appealing, but neither portrays the whole picture.&nbsp;<\/p>\n\n\n\n<p>The Great Resignation story is backed up with data: <a href=\"https:\/\/www.weforum.org\/agenda\/2021\/09\/heres-how-to-retain-employees-during-the-great-resignation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Worldwide<\/a>, 41% of workers plan to leave their jobs this year. There are record-breaking numbers of job openings in many countries.&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www2.deloitte.com\/uk\/en\/insights\/economy\/global-labor-shortage.html\/#endnote-sup-12\" target=\"_blank\" rel=\"noreferrer noopener\">Deloitte<\/a> points out that occasional worker shortages aren\u2019t unusual. But what\u2019s different in 2021 is that perceived labor shortages are coinciding with elevated unemployment rates. In <a href=\"https:\/\/www.eurofound.europa.eu\/publications\/report\/2021\/tackling-labour-shortages-in-eu-member-states\" target=\"_blank\" rel=\"noreferrer noopener\">Europe<\/a>, the pandemic has heightened existing shortages in fields such as healthcare and IT.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.weforum.org\/agenda\/2021\/05\/solving-the-mystery-of-the-worker-shortage\/\" target=\"_blank\" rel=\"noreferrer noopener\">World Economic Forum<\/a> says it\u2019s less a labor shortage than a shortage of good opportunities. Workers in service industries shut down during the pandemic might have retrained for new jobs and are no longer tempted by positions that pay just above minimum wage.&nbsp;<\/p>\n\n\n\n<p>The Great Migration narrative tells a story of people who fled expensive cities during the pandemic for cheaper living in the countryside or in small towns. If your job allows you to work from anywhere, why wouldn\u2019t you choose a place that\u2019s more peaceful and less crowded?&nbsp;<\/p>\n\n\n\n<p>But real estate consultancy Knight Frank says we declared \u201c<a href=\"https:\/\/www.knightfrank.com\/research\/article\/2021-10-04-city-house-prices-outpace-national-markets\" target=\"_blank\" rel=\"noreferrer noopener\">the death of the city<\/a>\u201d too quickly. Globally, urban home prices increased by 5.6% on average <a href=\"https:\/\/www.knightfrank.com\/research\/article\/2021-03-31-globally-city-house-prices-increased-56-in-2020\" target=\"_blank\" rel=\"noreferrer noopener\">in 2020<\/a>, up from a 3.2% increase in 2019 and outpacing their respective country\u2019s averages. Though apartment rental prices dropped by an average 15% in London\u2019s <a href=\"https:\/\/www.knightfrank.com\/research\/article\/2021-01-25-uk-property-market-outlook-week-beginning-25-january\" target=\"_blank\" rel=\"noreferrer noopener\">Canary Wharf<\/a>, for example, new tenancies jumped by 58% during the pandemic.&nbsp;<\/p>\n\n\n\n<p>And of course, the ability to work remotely from anywhere in the world applies mostly to knowledge workers. Many essential workers \u2014 especially ones in rural areas \u2014 are unlikely to be able to work from home: medical professionals, factory workers, service providers and public utility professionals. The divide between people who can work remotely and people who must show up to work is likely to deepen as technology further automates many service industry and manufacturing jobs.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p>Talent and job openings are not necessarily in the same places, especially after pandemic migration.<\/p><\/blockquote><\/figure>\n\n\n\n<p>I think the current labor shortages are largely an issue of place \u2014 talent and job openings are not necessarily in the same places, especially after pandemic migration. While people fleeing the city for the country might be mostly hearsay, there was indeed a massive exodus of foreign workers from their guest countries during the pandemic, and that recovery could take months, if not years.&nbsp;<\/p>\n\n\n\n<p>Part of fixing the talent shortage is increasing wages, plain and simple. Workers in essential jobs that must be done in person have realized they hold more power than ever before. And the other part of the labor shortage solution is hiring talent regardless of location. Cities and regions previously left behind are coming up with creative solutions to tackle the problem themselves.<\/p>\n\n\n\n<p>Some U.S. cities are coming with Wall Street-style sign-on <a href=\"https:\/\/www.bloomberg.com\/news\/features\/2021-08-25\/cities-use-big-bonuses-to-attract-workers-during-labor-shortage\" target=\"_blank\" rel=\"noreferrer noopener\">bonuses<\/a> for government jobs: Joining the police or fire department in Albuquerque, New Mexico, banks an extra $15,000, and new emergency operators in Tulsa, Oklahoma, are getting $2,000 for signing on.&nbsp;<\/p>\n\n\n\n<p>Rural areas and smaller cities that have seen population declines in recent years are seeing an opportunity to turn things around. In Japan, some rural areas are embracing the <a href=\"https:\/\/urbanland.uli.org\/economy-markets-trends\/work-life-balance-can-workations-help-stem-japans-rural-decline\/\" target=\"_blank\" rel=\"noreferrer noopener\">workation<\/a> trend, catering to employees from big cities who want a change of scenery.&nbsp;<\/p>\n\n\n\n<p>A number of U.S. cities are paying people with remote jobs to move. Morgantown, West Virginia, offered potential residents $10,000 and a mountain bike to stay for a year \u2014 with a $2,000 bonus if they stay a second year. The program organizers <a href=\"https:\/\/www.prweek.com\/article\/1724584\/west-virginia-entices-remote-workers-piece-almost-heaven\" target=\"_blank\" rel=\"noreferrer noopener\">reported<\/a> 7,500 people applied to be one of the first 50 new neighbors.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The pandemic has changed how we work and how we get paid, but the longest-lasting impact will come from where we work. Employers are embracing remote and hybrid work at never-before-seen levels, and skilled workforces are finding opportunities across borders. The question for employers now is: Where are you willing to meet your talent?&nbsp;<\/p>\n\n\n<div class=\"block--author\">      <div class=\"block-author__inner\">\n        <div class=\"author--image\">\n                      <a href=\"https:\/\/rethinkq.adp.com\/author\/grace-dobush\/\"><img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2021\/09\/profile_Grace-298x305.jpeg\" alt=\"\" \/><\/a>\n                  <\/div>\n        <div class=\"author--info\">\n                      <a href=\"https:\/\/rethinkq.adp.com\/author\/grace-dobush\/\" class=\"author--name\">Grace Dobush<\/a>\n\n          \n          <p>Based in Berlin, Grace Dobush is the editor of the ReThink Quarterly. She has written for publications including Fortune, Wired, Handelsblatt and Quartz.<\/p>\n          <div class=\"block--author-social\"><ul class=\"author--socials\"><li><a href=\"https:\/\/twitter.com\/GraceDobushToGo\" title=\"Twitter\" target=\"_blank\"><i class=\"fab fa-twitter-square\"><\/i><\/a><\/li><li><a href=\"https:\/\/www.linkedin.com\/in\/gracedobush\/\" title=\"LinkedIn\" target=\"_blank\"><i class=\"fab fa-linkedin\"><\/i><\/a><\/li><li><a href=\"https:\/\/gracedobush.com\/\" title=\"Author Website\" target=\"_blank\"><i class=\"fas fa-globe\"><\/i><\/a><\/li><\/ul><\/div>\n        <\/div>\n      <\/div>\n       <\/div>\n\n<div class=\"block--recommended-content alignwide is-style-bg-adp-tan\"><div class=\"block-recommended-content__inner\">\n\n<h2 class=\"wp-block-heading\">Read more<\/h2>\n\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/money-matters-bahamas\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2023\/11\/Screenshot-2023-10-13-at-17.31.45-1084x576.png\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">The Bahamas, a small island nation with big business<\/span>\n          <p>Businesses around the world entrust this small Caribbean country with their financial dealings. <\/p>        <\/div>\n      <\/a><\/div> <\/div>\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/infographics-cost-of-education\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2023\/08\/cost_of_education-1084x576.jpg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">The cost of education around the world<\/span>\n          <p>Falling government spending and pandemic learning losses will negatively affect the future labor force, as we show in these eight infographics.\n<\/p>        <\/div>\n      <\/a><\/div> <\/div>\n\n<div class=\"block--article-pushpoint pushpoint__small\">      <div class=\"block-article-pushpoint__inner\">\n        <a href=\"https:\/\/rethinkq.adp.com\/g-p-global-talent-eor\/\">\n        <div class=\"pushpoint--image\">\n          <img decoding=\"async\" src=\"https:\/\/rethinkq.adp.com\/wp-content\/uploads\/2024\/02\/unnamed-1084x576.jpg\" alt=\"\" \/>\n        <\/div>\n        <div class=\"pushpoint--info\">\n                    <span class=\"pushpoint--title\">How G-P helps companies onboard global talent in record time<\/span>\n          <p>G-P has helped thousands of companies hire talent in 180+ countries without the need to set up new business entities. \n<\/p>        <\/div>\n      <\/a><\/div> <\/div>\n<\/div><\/div>\n\n\n<section class=\"wp-block-group alignfull section--sign-up has-background\" style=\"background-color:#7967ae\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<p class=\"has-text-align-center is-style-default has-white-color has-text-color has-large-font-size\"><a href=\"\/sign-up\/\">Sign up<\/a> to keep up to date with ReThink Q.<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"<p>After two years of pandemic life, workers are reconsidering what they want and how they want to live. What\u2019s a would-be employer to do?<\/p>\n","protected":false},"author":4,"featured_media":1361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[41],"tags":[98,148,149,147],"coauthors":[24],"class_list":["post-1360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-note-from-the-editor","tag-global-economy","tag-hiring","tag-location","tag-talent","issue-issue-3-place"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How the pandemic is moving the war for talent - ADP ReThink Q<\/title>\n<meta name=\"description\" content=\"After two years of pandemic life, workers are reconsidering what they want and how they want to live. 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