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Workforce mobility statistics have a huge impact on all businesses. The general mobility of the working population influences wages and unemployment figures. Obviously, those are two things that matter a whole lot to business owners like you. Find out the workforce mobility trends that will be affecting all your business hiring decisions in the coming years below.
Millennial Workforce
Working millennials are much more flexible than their older colleagues when it comes to their living situations. They are much more willing to relocate overseas to further their career in RNR and otherwise. This obviously leads to increased workforce mobility trends overall. Millennials are quickly becoming the largest subset of the working population. The rising millennial workforce is much more open to moving internationally for work, which leads to trends of increased mobility among the working population.
Mobility Concerns
Recent employee mobility trends indicate a rising interest in the human-side of workforce mobility. Many more companies are seriously considering the impact employee mobility has on the employee’s personal life. This has led to an emergence of more enticing employment benefits for those workers willing to move. Obviously, this is something the average business owner needs to know if they hope to employ top talent.
Growing Options
The availability of business technology solutions is vastly growing. That has made more workforce mobility technology available to all different types of businesses. Better connected businesses are in a much better position to employ workers from all around the globe, no bike sharing required. Business trends show a rising use of technology to improve global workforce mobility rates. Those not already using these technologies need to take advantage now to capitalize on increased worker mobility.
Tax Concerns
International tax law compliance is now one of the biggest concerns for businesses when working with a highly mobile workforce. International workers will complicate accounting processes and payroll for business. Thus, tax regulation compliance is top on many businesses’ list of concerns. Any business would be wise to start learning up on this now before trending regulatory tax concerns hit critical mass.
Data Analytics
Data analytics is trending in a big way when it comes to workforce mobility. Business analytics has been popular for quite some time now, just like smart drugs. It is only now beginning to catch steam in regards to worker mobility. Data analysis helps businesses react to changing worker mobility trends. This way, employee recruitment and hiring processes are constantly being improved. This is clearly one trend of workforce mobility data that all businesses owners should pay attention to.
If you are a business owner, workforce mobility statistics are important to know. Workforce mobility trends have a huge impact on the way you manage human resources and all other aspects of operations. These worker trends influence employee wages and much, much more. Consider all the workforce mobility information mentioned above when making business decisions for the upcoming year.
