We have prepared top news in the global work market, remote work market, and freelance market fields. You can look through the latest news and trends in the news digest.
Implementing remote workplace services in a job aims to produce an employee experience comparable to or better than working in an office environment. Remote workplace service allows businesses to interact and collaborate successfully with employees who work in an office, remotely, or in a hybrid environment. Due to higher productivity and technological advancement, workplaces are becoming digitalized.
On the other hand, in the global world market, a recession is expected. Therefore experts advise remote workers to update their resumes. More than half (60%) of American managers believe that remote workers will be fired first if downsizing becomes necessary should the recession come, according to a report from Beautiful.ai, a software company.
Employees of a hybrid-remote situation might be more at risk than fully-remote professionals, according to the report based on a survey of 3,000 Americans in management positions. Read more in this news digest.
Field: Global Work Market
- The Global Remote Workplace Services Market size is expected to reach $ 67 billion by 2028, rising at a market growth of 22, 3% CAGR during the forecast period
Oct 22, 2022
A remote workplace service is an always-connected environment where employees have immediate access to everything they need to complete their activities. Realizing that work now happens on any device, in any location, and at any time is significant.
The main objective of implementing remote workplace services in a firm is to produce an employee experience that is comparable to or better than working in an office environment. Remote workplace service enables businesses to successfully interact and collaborate with employees who work in an office, remotely, or in a hybrid environment. As a result of higher productivity and technological advancement, workplaces are becoming increasingly digitalized.
The remote work and hybrid work scenarios have compelled the need for executives to evaluate how other modifications to the employment paradigm can work for them. Open talent and flexible talent are broad concepts that apply to a variety of situations, such as local freelancers working on-site, globally dispersed online contractors, and innovation sourcing through competitions or tournaments. Conventionally, flexible models have been used for three things.
- What workers want in changing. That could be good for the government
Oct 26, 2022
The public-sector talent gap directly impacts public welfare. Attracting and retaining workers is a top priority for senior leaders across the government. Here’s how they could reenergize hiring now.
Labor shortages are causing many problems across industries, but when US government jobs lie vacant, it ripples through the fabric of American life. Think of long security lines at airports, stalled highway construction projects, difficulties scheduling an appointment at the local DMV, or teacher shortages at public schools.
Many Americans have already felt the impact of these workforce deficits, and the problem is poised to worsen. Increased federal funding to upgrade the nation’s infrastructure, boost supply chain resilience, and respond to rising geopolitical tensions promises to create new civil-service jobs at a time when the public sector is falling even further behind the private sector in the talent race. For every ten government jobs posted from July 2021 through August 2022, roughly four were filled—the worst rate of the ten major economic sectors tracked by the Bureau of Labor Statistics.
Source: McKinsey & Company
- Women CEOs: Leadership for a Diverse Future
Oct 24, 2022
This S&P Global research aims to contribute to a better understanding of women leaders and their leadership styles during a time of economic uncertainty and workplace transformation. By analyzing the language of earning call transcripts of both men and women CEOs during the COVID-19 pandemic, this follow-up study found that women CEOs more frequently use terms associated with positive communication. Mapping language with various components of leadership styles, we observed that women CEOs more often articulate concepts of diversity, empathy, adaptability, and transformation.
Women CEOs, since the outbreak of the pandemic, steadily increased their use of words corresponding to leadership styles built around diversity, empathy, adaptability, and transformation, according to our language analysis of 6,831 corporate leaders of over 5,801 companies in the S&P Global Broad Market Index covering corporations with the largest global market capitalization.
Source: S&P Global
- The Global Agritourism Market Size is expected to reach $ 10.7 billion by 2028, rising at a market growth of 10.7 % CAGR during the forecast period.
Oct 25, 2022
People who visit working farmers or other agriculture activities for recreation, education, or other direct involvement are said to be engaging in agritourism. Numerous different activities are included in agritourism, which gives farmers a way to diversify their businesses and increase their income.
New York, Oct. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Agritourism Market Size, Share & Industry Trends Analysis Report By Activity, By Sales Channel, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06352697/?utm_source=GNW
Wildlife Research, horseback riding, cannery tours, cooking lessons, wine sampling, harvest festivals, barn dancing, farm vacations, tour guides, and petting zoos are a few examples of such pursuits.
Source: Finance. Yahoo
Field: Remote Work Market
- For Disabled Workers, a Tight Labor Market Opens New Doors
Oct 25, 2022
The strong late-pandemic labor market is giving a lift to a group often left on the margins of the economy: workers with disabilities.
Employers, desperate for workers, are reconsidering job requirements, overhauling hiring processes, and working with nonprofit groups to recruit candidates they might once have overlooked. At the same time, companies’ newfound openness to remote work has led to opportunities for people whose disabilities make in-person work — and the taxing daily commute it requires — difficult or impossible.
Source: The New York Times
- Will remote workers be laid off first when the recession hits?
Oct 26, 2022
Remote employees should start updating their resumes ahead of the anticipated recession.
More than half (60%) of American managers believe that remote workers will be laid off first if downsizing becomes necessary should the recession come, according to a report from Beautiful.ai, a software company.
Employees of a hybrid-remote situation might be more at risk than those working for a fully-remote team, according to the report based on a survey of 3,000 American adults in management positions.
- Remote work may have fueled a baby boom among U.S. women
Why it matters: It’s surprising. Economists predicted a crash in birth rates at the outset of the pandemic. The quick economic recovery and the rise of remote work may have changed the trajectory, the authors say.
- The findings suggest that workplace flexibility might be one solution to the long-term issue of falling birth rates — a possible driver of declining economic growth — seen across richer countries.
- “It’s the first recession where we actually see birth rates go up,” said Hannes Schwandt, a professor at Northwestern University, who co-authored the paper with Martha Bailey of UCLA and Janet Currie of Princeton.
By the numbers: The CDC released preliminary data on 2021 birth rates earlier this year and found a small increase, but the researchers of the new paper dug deeper.
- Remote work trends: Job searchers skyrocket, and happiness is a key benefit
Oct 25, 2022
Two newly-released reports show that the desire to work from home has skyrocketed. From July 2021 to July 2022, remote work search queries jumped 300%, according to a jobs study compiled by Semrush. A vast majority of workers also report that remote work would make them happier, the State of Remote Work report from Owls Lab and Global Workplace Analytics found.
Searches such as “remote jobs near me,” “part-time remote jobs,” and “entry-level remote jobs” more than quadrupled in popularity year over year, according to Semrush, a visibility management SaaS platform provider. Meanwhile, the median share of remote jobs offered by job search websites is only 6.8%, indicating demand for remote work likely far outstrips supply.
This comes as the U.S. labor market remains strong and unemployment in the U.S. sinks to 3.5%, based on data from the U.S. Bureau of Labor Statistics, indicating employers may have to continue offering benefits such as remote work to lure talent.
- Workers are disengaged – but don’t blame remote work. The real cause lies elsewhere
Oct 22, 2022
These are some of the takeaways from a new Conference Board survey as the return-to-office debate continues.
Polling more than 1,600 people, mostly office workers, the researchers found:
• Decreasing engagement was equally prevalent no matter the work setting — 30% of remote workers, 31% of hybrid workers, and 30% of completely in-office workers said they were less engaged now than six months ago.
• Even with growing disengagement, half said they were pouring in the same energy, and 31% said they were putting in even more effort than six months ago. Fewer than two in 10 workers (18%) said they were putting less effort into the job.
6. Could refusing to return to the office mean a layoff? Job market’s shifting tide may change the rules.
Oct 20, 2022
A cooling job market is leading to more than a slowdown in hiring, a pickup in layoffs, and growing recession fears.
It appears to be the one force capable of prodding America’s workers out of their homes and back to offices.
The slowing labor market is starting to shift some bargaining power from employees to employers, allowing a growing number of companies to require workers to return to the office at least a few days a week, staffing officials and consultants say. Many businesses are still struggling to find workers, so the change is in its early stages, but it’s expected to accelerate as hiring pulls back further and layoffs spread in the months ahead, experts say.
“Companies are a little less concerned that they’re not going to fill jobs if they lose people because of return-to-work policies,” says Jim McCoy, senior vice president of talent solutions for ManpowerGroup, a leading staffing firm. “There’s starting to be less competition for talent, and employers can be a little more selective.”
Field: Freelance Market
- Freelancing a way forward for marketers during the recession
Oct 26, 2022
News around the current global recession has increased the pressure on marketers to perform and make more sales. Amidst the shift, almost half of the marketing teams have used freelance teams or have plans to start soon. Hence, marketers are bringing in outside expertise for most non-core activities to pilot new initiatives and quickly scale their campaigns.
Moreover, digital freelancing marketplaces are catching up to traditional methods of outsourcing. Around 34% of companies are using digital marketplaces to find support, while only 12% more continue to look through traditional ways, said a new report by Hire Digital. The report also said that the need for freelance teams is steadily increasing, with 59% of the correspondents saying that there’s been an increase in freelance services in the last five years.
- A Survey Reveals that Teams are Increasingly Using Freelance Marketing Admist the Global Recession
Oct 25, 2022
- Marketers agree on blended workforces and smaller core teams as the key trends for marketing teams.
- 66% of marketers predict the usage of freelance talent to increase in their marketing organizations.
- Nearly half of senior marketers expect their teams to be fully remote.
- Lack of bandwidth or expertise, long approval processes, and the rapidly changing market are major challenges for marketers today.
Businesses around the world are adapting to the new normal. The evolving nature of marketing in a post-COVID world has led to a shift in how teams are being built. The current global recession has increased the pressure on marketers to perform and make more sales.
Our team, Hire Digital – a platform that matches leading businesses with world-class marketers, engineers, and other digital experts – led a discussion among hundreds of senior marketing professionals to understand how they are adapting. These insights shed light on where APAC marketing organizations are headed.
- Want to Go Freelance But Can’t Quit Your Job Yet?
26 Oct. 2022
If you are dreaming of going freelance or even just changing direction with skills you already have, then Career and Interviewing Coach Judy Bullimore and Startup Business Consultant and Mentor John Spencer Williams have some great tips to help you get started.
When you’re a business owner, freelancer, or consultant, you’re essentially wearing two ‘hats.’ The hat of the business or service that you are providing, and the hat of you as the person behind it and in front of it. Ultimately the customer is investing in both and requires understanding WHY they should invest in your particular brand or in your unique way of
doing what you do best.
When lots of businesses or freelancers are marketing themselves against others that have similar products, services, and offers, ultimately, the final decision will be made against how aligned you and your business/ services are to the customer. It’s much easier to showcase this and set yourself apart when you know these 3 things. Learn more
Source: The Freelance Informer
- Here’s How to Start Your Freelancing Business
Oct 25, 2022
A 2020 survey revealed that more than one-third of the American workforce are freelancers, contributing $1.2 trillion to the United States economy. Although freelancing is highly rewarding, you must work hard to build credibility. Here’s how to start your freelancing business successfully.
- Find your area of expertise
You can begin your freelancing business by determining your specialty. For instance, you can become a freelance content writer, consultant, or web developer. Admittedly, you may not be certain about what area you want to focus on. In this case, you’ll find it helpful to try out many things to determine which one bests suits you. You can also choose a specialty based on your skills. You also want to ensure that your niche is lucrative, so keep this in mind.
- Establish your online presence
It’s important to note that establishing your online presence takes time and effort. You may consider popular freelance marketplaces like Upwork. However, many other freelancers signed up on this platform, which may cause intense competition. An ideal way of establishing your online presence is to join online networks such as Linkedin and niche-specific communities to express your goals and network with other professionals. You also want to ask for referrals where appropriate, so keep this in mind.
- The Elon Musk Tries His Hand at “Freelance Diplomacy.” In Ukraine, Taiwan Matters, Washington Reportedly Worried About “Elon, The Everywhere” Phenomenon
Oct 23, 2022
Elon Musk ruffled some feathers recently by proposing peace plans for war-torn Ukraine and the skirmish between China and Taiwan.
Musk Draws Flak For Freelance Diplomacy: Many in Washington, D.C. now see the Tesla, Inc. TSLA CEO as “too powerful” and “too reckless,” The Washington Post reports.
Almost all interviewed for the story described Musk as “erratic and arrogant,” and many of the two-dozen top government officials interviewed by the publication said they would speak only on the condition of anonymity, the report said.
A White House official reportedly called him “Elon, The Everywhere,” adding, “He believes he is such a gift to mankind that he doesn’t need any guardrails, that he knows best.