Talent Acquisition PracticesTalent Industry Trends

Growth Of Hybrid Jobs And Contract Work In 2020-21

By January 30, 2021February 1st, 2021No Comments

One out of eight employment postings is currently exceptionally hybrid jobs. Organizations are beginning to distinguish jobs that may not expect employees to come to the office at all and can forever work from home, hybrid jobs and contract work; jobs that may see a few workers come to the office for a fixed number of days in a month; and the remaining who may be in office consistently.

In addition to that, businesses have been struggling to find the correct candidates to welcome on board today. One explanation is the joblessness rate: Most experts with sought after aptitudes as of now have jobs, and rivalry is furious for those moderately rare sorts of people who are searching for work. But, another explanation why recruiters are challenged is that many are not, at this point fulfilled to recruit candidates who are acceptable at doing only a certain something. An ever-increasing number of organizations are searching for experts who have particular abilities in more than one field to fill supposed “hybrid jobs”.

Table of Content

  • Growth of Hybrid Jobs and Contract Work
  • Hybrid Jobs Conceptualised in 2015 
  • What is Contract Work?
  • Remote Work Uplifting Contract Jobs
  • Why Hybrid Jobs?
  • How to be qualified for Hybrid Jobs?
  • Summing Up

Growth Of Hybrid Jobs And Contract Work

The term “hybrid” is a genuinely common word nowadays. It is being used in financial aspects, gadgets, transportation, science, and different businesses. Basically, it implies that something is a combination of independent things. For instance, a hybrid vehicle utilizes numerous force sources, for example, electric force and interior combustion. So, hybrid jobs are those that combine elements and skills of other, previously separate, roles.

Hybrid Jobs Conceptualised In 2015 

When it comes to hybrid jobs, the trend was first identified back in 2015 by Burning Glass Technologies. The analytics software company focuses its attention primarily on the labor market. In a report for the General Assembly (the training company, not the UN branch), they noticed that more and more jobs were combining skill sets that never used to fall under the same role. 

The trend of hybrid jobs was first identified in 2015 by Burning Glass Technologies. They are an analytics software company that throws special attention to the labor market. In a report, it was noticed that the increasing number of incoming jobs were more of combined abilities and skill sets that hardly fell under a single job role. 

According to their research, they have an information base spreading over more than 1 billion current and past job postings. As per their figures, ‘one of every eight job postings is presently exceptionally hybridized.’

What Is Contract Work?

Contract Work is a class of work that incorporates a wide range of positions going from temporary responsibilities to independent positions. Commonly, it’s work that is accessible for a set timeframe—for instance, a few organizations may look for contract workers to get additional assistance on a major task for a couple of months, or they may require somebody to fill in for a worker on maternity leave or excursion. These positions can last anyplace from half a month to months and even years

Freelancing likewise falls under contract work, and it has numerous contingencies. Some freelancers make themselves self-employed, it might be said: They make their own hours, work from home, offer their skills to whomever they pick and are allowed to acknowledge or deny any positions. In certain cases, they may have agreements to add to an organization consistently, for instance, an independent author might be focused on composing a column once every month for a magazine. They’re typically paid for every individual task.

Remote Work Uplifting Contract Jobs

The gig economy follows a system of a free market where freelancers and temporary jobs are the most common and companies mostly recruit independent workers for a short duration and for specific tasks. The gig economy and contractual jobs also ensure more women in the market. In addition to this, remote work gives women an opportunity to run for big roles in companies. 20% of recruiters have claimed that hiring will be done through external HR consultants and vendors. 80% of Talent leaders are focused on hiring candidates who strive for the development of skills and have leadership and behavioral competencies.

67% of employers feel that it is critical to have a diverse workforce in order to hire the best talents from around the market. 

Remote work gives recruiters access to a vast talent market which will enable them to find what they are looking for like mentioned above. This will hence improve the quality of hire and also boost contractual work. With remote work, poaching skills and talents will turn out to be simple, so it will be of most extreme significance for associations to hold their best personalities.

Bonus read! Top 10 Dos And Donts Of Talent Acquisition: A MUST Read

Why Hybrid Jobs?

Hybrid jobs will develop by 21% throughout the following decade, more than twice the 10% development pace of the work market by and large. For candidates who want to keep up with the changing times, the advantages of hybrid jobs can be utilized in 2 ways:

  1. The more uncommon mixes of talents and skills companies need, the less qualified candidates they can discover. In order to hire such scarce talents, businesses are happy to pay a top-notch salary, usually a major one. Marketing managers who have expertise in data analysis as well, for example, often acquire 40% more than those without it.
  1. The next incredible favorable advantage to hybrid jobs is that they have a resistance to AI and Automation. 42% of workers could one day end up supplanted by AI and robotization. Conversely, hybrid jobs are so complicated and depend so vigorously on master careful decisions and “delicate” abilities like sympathy and creative mind that future automation could only take over 12% of these jobs. 

How To Be Qualified For Hybrid Jobs?

In order to be qualified as a hybrid worker, developing on a single skill extensively will not be beneficial. Hybrid Jobs require you to develop skills and knowledge from different sectors. Here is an example of 4 broad areas to cover to make yourself eligible for a hybrid job.

  1. Digital Technology: We are all presently “augmented” by machines, so the capacity of candidates to learn new frameworks, customize and configure these tools, and code them, if necessary, is vital. Candidates must try not to be reluctant to figure out how to assemble a large scale or alter a system to their necessities: that is their human worth. Marketing Managers who have SQL knowledge, for instance, get 41% more cash-flow than individuals who don’t.
  1. Data and Analytics: Among all the skills that are growing today, the most important are data analytics, communication, data interpretation, and visualization. All the high paying jobs today (health care, customer service, sales) require candidates with data analysis skills.
  1. Business and Management: A sum of 57% of engineering positions presently requires business and initiative aptitudes. Generally speaking, jobs that require business executives’ experience have a normal compensation premium of 19%. Also, laborers who have insight into project management cause 21% more than the individuals who don’t.
  1. Design and Creatives: The greater part (54%) of all IT jobs presently require some type of design plan. More than one-quarter (26%) of innovation jobs currently require design. Jobs as UI or different kinds of configuration are developing at 35% every year. While machines can computerize and suggest choices, we need individuals to design and create the client experience, prods, and UIs we utilize each day.

These are skills that need to be developed over a span of years. Individuals who spend a few hours in the week hoping to sharpen these skills and acquire hybrid jobs immediately will probably fall behind.

Is Contract Work Going To Be Expedited By Remote Work?

Post-Pandemic organizations are beginning to distinguish jobs that may not expect employees to come to the office at all and can forever work from home; jobs that may see a few workers come to the office for a fixed number of days in a month; and the remaining who may be in office consistently.

Rather than full-time employees, there is seen to be a rise in the contractual or contingent workforce. An increment of result-based contractual jobs may mean people could work for several organizations instead of a single one, and earn more than ever. Employers now will not be able to limit their employees with full-time jobs from taking more than one project in hand. 

“There will be a shift in critical skills and competencies as remote work and flexibility increases. Employers will look at skills like agility, transparency, and resilience in the coming times,” says Priti Singh, Senior Vice-President, HR, South Asia, Mastercard.

Summing Up

Rather than full-time employees, there is seen to be a rise in the contractual or contingent workforce. An increment of result-based contractual jobs may mean people could work for several organizations instead of a single one, and earn more than ever. Employers now will not be able to limit their employees with full-time jobs from taking more than one project in hand. 

The possibility of a “renaissance man” is a higher priority than at any other time. Leonardo da Vinci was exceptionally regarded for his wide information on many fields. Today, we as a whole need to turn out to be more da Vinci-like in our vocations – it’s the mystery of achievement in the advanced world ahead.

This blog is in reference to our latest eBook: 2020 Global Recruitment Report – Vol 1. The crater-sized interruption in the working measures that occurred in 2020 will keep on changing the scene of 2021. The development towards mechanization in HR tech throughout the most recent decade has helped the HR people group rotate this year to help their workforce from a far distance in the midst of the new remote work reality. 

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Download: 2020 Global Recruitment Report