A record-high 11 million jobs are waiting to be filled across the U.S. This boom in available openings? You can thank the Baby Boomers.

According to Pew Research Center, the rate of retirement in Baby Boomers has accelerated since the start of COVID-19 with almost 29 million boomers retiring in 2020 – An increase of more than 3 million from 2019.

With 75 million Baby Boomers retiring by 2030, The Great Retirement is looking to supersede The Great Resignation as the biggest hiring trend for 2022. Here’s what you need to know:

How will Baby Boomers retiring affect the workforce?

One in four workers in the U.S. is a Baby Boomer, amounting to 41 million total employees. This trend of mass retirement will lead to an even wider workforce gap as companies race to fill positions left by retirees. As these workers also normally hold higher-level management positions due to their extensive working experience, the competition to find replacements will be tough with many businesses turning to recruiters to look for top talent.   

Why are Baby Boomers retiring now?

While Baby Boomers fall in the generation most at-risk for COVID-19, the main driving factor for retirement isn’t health-related. They’re looking for a better quality of life.

Famous for their strong work ethic and dedication (40% have stayed with their employer for more than 20 years), Baby Boomers commit to their jobs more than any other generation. After 40+ years in the workforce and a global pandemic, they’re re-evaluating their work-life balance. With quarantine rules keeping them at home but isolated, many are choosing to trade in their 9-to-5 for more time with friends, family, and to travel.

Those most likely to retire early? Women over the age of 65 are the group with the most retirees while the Hispanic Boomer population saw the biggest increase in retirement rates. Boomers residing in the Northeastern U.S. also saw a large increase in those retiring.

What can be done to prevent a workforce gap?

While Boomers may want to spend their golden years away from the office there is a silver lining to The Great Retirement: There’s a whole new generation (and two others) ready to work. Investing in these workers and supporting their development will be crucial to closing your workforce gap. Here’s how to attract and retain young employees:

1. Offer flexibility in the workplace

Gen X workers and Millennials are often working parents or caregivers to their parents or grandparents. With quarantine rules and distance learning changing often and suddenly, you’ll need to be supportive of employees who are pulling double duty working and taking care of their family during the day. Offering more flexibility to parents by letting them work from home and by measuring their performance on results (not hours worked) will help retain valuable employees who won’t have to choose between family and their job.

2. Close skills gaps with reskilling and upskilling

Younger workers, especially Gen Z, won’t have the decades of experience that retiring Baby Boomers have. Instead of brushing-off young talent for a lack of skills, take the time to train them on the skills they need. If your company doesn’t have a formal training program ask them to enroll in online courses like our Aspire Academy. There are dozens of training courses available at no cost.

3. Mentor, don’t manage

For many young people, a position in your company may be their first professional job out of college. They don’t just need a salary but need guidance on how to progress in their careers. In a recent survey, younger workers reported wanting feedback from their managers more frequently than their older colleagues signifying they need more support to know they are doing their jobs correctly. They also rank mentorship among the three most important aspects of choosing where to work. Setting up a mentorship program will not only attract top young talent but keep them engaged and loyal to your company.

Is your company feeling the effects of The Great Retirement? At Adecco, we pride ourselves on finding and connecting top talent with the right opportunities. Learn more about our staffing solutions and keep reading our blog to discover the other top hiring trends for 2022.

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For as long as COVID-19 has been dominating the headlines so has news of the Great Resignation, a phenomenon where workers have been quitting their jobs at record rates. With there being more open positions than workers available to fill them, there’s never been a better time than now to change your job.

And Americans are taking note. According to a new Career Arc study, almost one in four workers plan to resign in the next 12 months. Are you in that group? Do you want to be? Here’s how to plan your exit strategy and quit your job in 2022:

1. Understand why you’re leaving

If you’ve been asking yourself “should I quit my job?” you’re not alone. A recent survey reports that 73% of employees are actively thinking about resigning. While it seems disliking your current job is on-trend, ask yourself why you’d leave before making any major decisions. Are you experiencing problems with your current job? Has the pandemic shifted your values?

Career Arc set out to find the real reason everyone is quitting their jobs and found that close to one-third of respondents said they were leaving their current position to look for a role with better working conditions. 23% stated they wanted to shift careers while 20% noted that they were quitting because they wanted a remote job. By determining why you’re leaving first, whether it’s for the working conditions, type of job, or something else, you’ll know what you’re looking for in your next position.

2. Decide where you want to go

Now that you’ve determined why you’re leaving your current job and what you’re looking for in your next position, create short and long-term goals for your career. When starting your job hunt, look out for opportunities that fulfill both types of your goals – you’ll be more likely to stay with that company for the long haul.

Part of setting career goals involves determining what you need to do to accomplish these objectives. Look at your resume and the skills you possess and see if there are any gaps you can work to close, especially if you’re looking at changing careers. When these gaps are closed, you’ll know when to quit your job and start sending in applications.   

3. Look for job openings

Quitting a job without another lined up can seem daunting. If you need to leave your current position now, consider temporary work or partnering with a recruiter to find work in the interim while you continue your job hunt. You’ll still get a paycheck without a commitment and you can develop new skills that will make you stand out in your applications for more permanent work.

With 84% of organizations using social media for recruiting be sure to clean up your social media profiles before sending off applications. However, if you are job hunting before quitting, don’t post anything about looking for a new position. Keep your job search on a need-to-know basis as not to impact your current work.

4. Tips for when you quit

If you’ve been feeling burnt-out at your current job you may have had a fantasy or two thinking about how you’ll finally quit and what you’ll tell your boss. While it may be fun to think about going out in a blaze of glory, remember the importance of connections – 85% of jobs are landed because of networking. That means you’ll need to keep a friendly and professional relationship with your bosses and colleagues.

When speaking to your managers about quitting make sure to highlight the gratitude you have for the opportunity given to you (even if it’s not exactly the case), and that you’ll write a formal resignation letter for your company’s HR department. Be prepared for a counteroffer from your manager but feel confident in rejecting such an offer if there’s no chance the position will be in line with your career goals. 85% of workers who accept counteroffers leave their jobs within 6 months while 90% are gone within a year. ­­­­­­­­

Ready to join in on the Great Resignation and kickstart your job hunt? Learn more about how to resign and about the job-seeking process with our in-depth job seekers guide. Be sure to stay on top of all the hiring trends for 2022 by reading more of our blog posts, and check out our current openings for any positions that align with your career goals.

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The Great Resignation. COVID-19. A work-from-home revolution. The hiring process has undergone serious changes over the past year. And these changes are going to carry over into the new year.

With a record number of job openings, you’ll need to be on top of this year’s talent acquisition trends to attract (and keep) the best workers. Here’s what to look out for in 2022:

Job hunts are starting…right now

New year, new job? Expect an influx of applications at the start of the year. According to a Harris Poll study, 59% of employed Americans who plan on quitting their job will be looking for work between now and February. And with the “Great Resignation” reporting record quit rates for Americans in 2021, get ready for a record number of candidates as well. It’s expected that there will be 7 million more employed Americans in 2022 than in 2021. 

With the total number of potential applicants growing, so is the number of diverse candidates. Take this opportunity to improve inclusion at your company. Candidates from different backgrounds, such as those who are neurodiverse and veterans entering the workforce, possess different skillsets than traditional job seekers and can give your company a competitive advantage.

The Great Resignation will continue

One of the biggest hiring trends from 2021, the “Big Quit” as some experts call it will continue into 2022. In fact, it’s only picking up speed. A record 34.5 million Americans quit their jobs in 2021, with most resignations happening at the end of the year. It’s more important to invest in recruitment now more than ever: experts predict that almost a quarter of the American workforce plans to resign in the next 12 months.

Younger employees are twice as likely to resign from their jobs in 2022. From creating developmental plans to supporting mental health, learn how you can support younger workers during the pandemic to keep your team intact.

COVID-19 is sticking around

With new variants springing up every year, the pandemic is shaping many current hiring trends. Make employee safety your top priority and check out our webinar on how to navigate vaccine mandates while we wait for the final say from the government on how businesses need to proceed. 

While COVID is disrupting the workplace, keep in mind that it’s also impacting schooling. With more school districts shutting down over staff shortages and increasing infections, offer your workers more flexibility. Learning how to retain parents can help you keep your best employees as two out of every five parents have changed jobs due to the pandemic.

Be ready to hire

With tight competition for the best talent, you want to be ahead of the hiring trends for 2022, not behind. That means you’ll need to be ready to act when you find the best talent. Proactive recruiting is one of the biggest recruitment trends, meaning you’ll have to rely on social platforms, events, and hiring a recruiter to find the most qualified candidates.  

While finding applicants is important, getting them interested in your open positions is crucial. Since the start of the pandemic, workers are prioritizing flexibility more and more. Our research shows that 41% of workers are currently moving, or are considering moving, to a job with more flexible working options like working remotely, choosing their own hours, and forgoing the typical 40-hour workweek. Make sure to highlight the flexible options you provide (or start providing them) to not lose quality applicants.

What’s Adecco doing?

We’re here to help you stay ahead of the hiring trends for 2022. As the holidays are ending, we’re catching qualified workers as they leave their peak season job, expanding our talent database in time for you to fill your open positions. Whether you’re looking for temporary workers or direct hires we’ll help you find the right fit.

How? As the job market evolves, so do we. From grassroots blitzes to partnering with different job boards, we’re working to expand our reach bringing you the best candidates. By leveraging different technologies like our Pay on Demand service, we’re attracting more applicants who are ready to work for you.

It’s also our job to stay up to date on the latest market data and learn what workers are looking for in employment. Check out our monthly jobs report for a breakdown of the hiring practices for your industry/location and our pay rate calculator to make sure you’re offering a competitive salary to be ahead of other businesses.

Ready to be ahead of the current hiring trends? Contact us today to help you find the best talent and make 2022 your best year yet. 

Our services don’t end at finding the right people. At Adecco, we encourage the training of candidates after placement through our Aspire Academy to ensure a perfect fit and encourage employee retention. Check it out and head to our blog for more resources on how to support your workers in 2022 and beyond.

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