{"id":6861,"date":"2022-07-08T18:48:37","date_gmt":"2022-07-08T18:48:37","guid":{"rendered":"https:\/\/premiernx.com\/?post_type=bpo-market-trends&#038;p=6861"},"modified":"2024-12-30T17:28:04","modified_gmt":"2024-12-30T17:28:04","slug":"talent-scarcity-trend-1-of-7-in-future-of-work-by-korn-ferry","status":"publish","type":"bpo-market-trends","link":"https:\/\/premiernx.com\/uk\/bpo-market-trends\/talent-scarcity-trend-1-of-7-in-future-of-work-by-korn-ferry\/","title":{"rendered":"Talent Scarcity \u2013 Trend 1 of 7 in Future of Work by Korn Ferry"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1216.8px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">Korn Ferry\u2019s recently released Future of Work report highlights how attitudes have shifted from \u201cme\u201d to \u201cwe\u201d in organizations, focusing now on mutual growth.\u00a0<\/span><\/span><span class=\"eop\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><\/p>\n<p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">Trend 1 of 7 dominating corporate trends of 2022 was identified and agreed upon by participants as the \u2018scarcity of talent\u2019.<\/span><\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-2 fusion-text-no-margin\" style=\"--awb-margin-top:20px;--awb-margin-bottom:10px;\"><p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">Warning organizations about the looming talent shortage nearly three years prior, Korn Ferry surveys also found:<\/span><\/span><span class=\"eop\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><\/p>\n<\/div><ul style=\"--awb-line-height:30.6px;--awb-icon-width:30.6px;--awb-icon-height:30.6px;--awb-icon-margin:12.6px;--awb-content-margin:43.2px;--awb-circlecolor:#0176c4;--awb-circle-yes-font-size:15.84px;\" class=\"fusion-checklist fusion-checklist-1 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>62% organizations agreed -they have never faced a shortage like this before<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>75% agreed &#8211; talent shortage today will limit their growth<\/p>\n<\/div><\/li><\/ul><div class=\"fusion-image-element\" style=\"--awb-margin-top:20px;--awb-margin-bottom:40px;--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\"fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"1200\" height=\"630\" alt=\"Talent Scarcity \u2013 Trend 1 of 7 in Future of Work by Korn Ferry\" title=\"Talent Scarcity \u2013 Trend 1 of 7 in Future of Work by Korn Ferry\" src=\"https:\/\/premiernx.com\/wp-content\/uploads\/2022\/07\/75-Companies-Monday-Facebook.jpg\" data-orig-src=\"https:\/\/premiernx.com\/wp-content\/uploads\/2022\/07\/75-Companies-Monday-Facebook.jpg\" class=\"lazyload img-responsive wp-image-6862\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%271200%27%20height%3D%27630%27%20viewBox%3D%270%200%201200%20630%27%3E%3Crect%20width%3D%271200%27%20height%3D%27630%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/premiernx.com\/wp-content\/uploads\/2022\/07\/75-Companies-Monday-Facebook-200x105.jpg 200w, https:\/\/premiernx.com\/wp-content\/uploads\/2022\/07\/75-Companies-Monday-Facebook-400x210.jpg 400w, https:\/\/premiernx.com\/wp-content\/uploads\/2022\/07\/75-Companies-Monday-Facebook-600x315.jpg 600w, https:\/\/premiernx.com\/wp-content\/uploads\/2022\/07\/75-Companies-Monday-Facebook-800x420.jpg 800w, https:\/\/premiernx.com\/wp-content\/uploads\/2022\/07\/75-Companies-Monday-Facebook.jpg 1200w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 1200px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-3\"><h3 class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><b><span style=\"font-family: 'Calibri','sans-serif';\">Premier Insight:<\/span><\/b><\/span><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><span class=\"eop\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><\/h3>\n<p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">To overcome the talent pool shortage, organizations should plan for the crisis:\u00a0<\/span><\/span><span class=\"eop\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><\/p>\n<\/div><div class=\"fusion-text fusion-text-4\"><p>Put elaborate employee retention policies in place:<\/p>\n<\/div><ul style=\"--awb-line-height:30.6px;--awb-icon-width:30.6px;--awb-icon-height:30.6px;--awb-icon-margin:12.6px;--awb-content-margin:43.2px;--awb-circlecolor:#0176c4;--awb-circle-yes-font-size:15.84px;\" class=\"fusion-checklist fusion-checklist-2 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>measure employee wellness and happiness<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>address their pain points<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>make them feel valued, content, and taken care of<\/p>\n<\/div><\/li><\/ul><div class=\"fusion-text fusion-text-5\"><p>Companies should identify the key roles where they face difficulty in hiring and put a training plan in place. Facing scarcity of talent, companies should be enabled to build internal talent to survive.<\/p>\n<\/div><div class=\"fusion-text fusion-text-6\"><p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">The KF study also identified how to turn the Great Resignation into the Great Retention and the <\/span><\/span><\/p>\n<p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">5 things that employees want today from any organization:<\/span><\/span><span class=\"eop\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><\/p>\n<\/div><ul style=\"--awb-line-height:30.6px;--awb-icon-width:30.6px;--awb-icon-height:30.6px;--awb-icon-margin:12.6px;--awb-content-margin:43.2px;--awb-circlecolor:#0176c4;--awb-circle-yes-font-size:15.84px;\" class=\"fusion-checklist fusion-checklist-3 fusion-checklist-default type-icons\"><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Confidence in the company they work for<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Growth opportunities in the same organization<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Being valued, getting rewards and recognition for efforts<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>Inclusion in work decisions<\/p>\n<\/div><\/li><li class=\"fusion-li-item\" style=\"\"><span class=\"icon-wrapper circle-yes\"><i class=\"fusion-li-icon awb-icon-check\" aria-hidden=\"true\"><\/i><\/span><div class=\"fusion-li-item-content\">\n<p>A collaborative and creative environment<\/p>\n<\/div><\/li><\/ul><div class=\"fusion-text fusion-text-7\"><p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">Keep visiting our trends page for more updates on the other six Korn Ferry work trends with our exclusive insights. <\/span><\/span><span class=\"eop\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><\/p>\n<p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">PS: Premier can help backfill roles from our global pool if you are facing scarcity domestically.\u00a0<\/span><\/span><span class=\"eop\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0<\/span><\/span><\/p>\n<p class=\"paragraph\" style=\"margin: 0in; margin-bottom: .0001pt; vertical-align: baseline;\"><strong><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\"><a href=\"https:\/\/premiernx.com\/uk\/contact-us\/\">Contact us<\/a><\/span><\/span><\/strong><span class=\"normaltextrun\"><span style=\"font-family: 'Calibri','sans-serif';\">\u00a0for more information.<\/span><\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"featured_media":20571,"parent":0,"template":"","categories":[],"tags":[],"class_list":["post-6861","bpo-market-trends","type-bpo-market-trends","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Talent Scarcity \u2013 Trend 1 of 7 in Future of Work by Korn Ferry<\/title>\n<meta name=\"description\" content=\"Trend 1 of 7 dominating corporate trends of 2022 was identified and agreed upon by participants as the \u2018scarcity of talent\u2019\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talent Scarcity \u2013 Trend 1 of 7 in Future of 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