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LinkedIn’s Global Talent Trends report identifies 3 trends that illustrate the changing relationship between employers and employees: soft skills, work flexibility and pay transparency. For this report, LinkedIn surveyed more than 5,000 talent professionals in 35 countries.
Some main findings from this survey include:
- 91% of respondents rate soft skills as “very important” to the future of recruiting and human resources and 80% of them believe that soft skills are becoming more crucial to the success of their organizations.
- Creativity is ranked as the most critical soft skills that companies require but are struggling to find. 92% of HR professionals consider soft skills to be much more important than hard skills to hire for and 89% of them claim that bad hires usually lack soft skills.
- Despite the increasing importance of soft skills, only 41% of organizations have a formal procedure to evaluate soft skills and 57% of them admit to having a hard time to measure soft skills accurately. Behavioural questions and reading body languages are still the most popular ways to assess soft skills while only 17% of organization use less biased methods such as tech-based assessments for this process.
- 72% of survey respondents cite work flexibility as a very important trend for recruiting and HR in the future. As a piece of evidence for this, LinkedIn recorded a 78% increase in job posts that mention work flexibility since 2016.
- Work flexibility varies in different industries, with the most flexible working conditions is in Software and IT industry and only 43% of professionals in healthcare and manufacturing say that their organizations allow flexible working.
- “Team bonding”, “Collaboration” and “Work Oversight” are considered the top challenges to remote work but HR professionals also list the top methods to overcome these challenges by using instant messaging, audio conferencing or video conferencing.
- 53% of talent professionals rank pay transparency as the most important trend to the future of recruiting and HR with a 136% increase in pay transparency content shared on LinkedIn since 2014.
- However, more than half of surveyed professionals say that their companies still don’t share salary ranges with employees or are unlikely to start sharing this information in the next 5 years. Top reasons why organisations don’t share salary ranges include the fear that this could create salary disputes and that this is not a common practice.
LinkedIn Talent Solutions assist employers to identify and engage the right candidates, develop employer branding and make more accurate recruiting decisions.
Full Report here.