{"id":28225,"date":"2019-07-08T18:17:16","date_gmt":"2019-07-08T08:17:16","guid":{"rendered":"https:\/\/www.steelcase.com\/asia-en\/?p=28225"},"modified":"2023-02-08T23:42:07","modified_gmt":"2023-02-08T12:42:07","slug":"a-buyers-market","status":"publish","type":"post","link":"https:\/\/www.steelcase.com\/asia-en\/research\/articles\/topics\/culture-talent\/a-buyers-market\/","title":{"rendered":"A Buyer\u2019s Market"},"content":{"rendered":"

Digital transformation is here. Whether becoming more data-driven in their decision making or investing in new digital tools, companies are embracing technology to improve efficiencies and forge new business paths. In fact, 87 percent of senior business leaders say digitalization is a company priority and almost half of executives believe that by 2020 digital will have an impact on more than half of their sales.<\/p>\n

But, the smart organizations are realizing success isn\u2019t just about technology, it\u2019s about the people who use that tech to improve the business. For highly skilled, tech-savvy candidates, it\u2019s become a buyer\u2019s market, as they have their pick of which company they\u2019ll call home.<\/p>\n

This is forcing organizations to rethink what they\u2019re selling, since the competition is offering a lot more than benefits and a paycheck.<\/p>\n

So, what exactly is happening in the marketplace today? We took a look at the numbers.<\/p>\n

\u201cEvery company is a technology company, no matter what product or service it provides. The companies that embrace this fact are the ones that shape\u00a0our\u00a0world.\u201d<\/p>Forbes Technology Council, January 2017<\/cite><\/blockquote>\n

JOB LISTINGS OVERLOAD<\/h3>\n

As the number of opportunities increases, employees are less loyal and more selective about where they work.<\/p>\n

3.5M <\/strong>people who chose to leave their jobs
\n1.7M<\/strong> people who were laid off<\/p>\n

According to a Gallup study, the top reasons employees are leaving their jobs include culture and job fit. In addition, 51% <\/strong>of employees would change jobs for one that offered them more flexible work hours.<\/p>\n

756,000 <\/strong>estimated number of unfilled IT and communication technology positions in Europe by 2020<\/p>\n

\"\"<\/p>\n

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MILLENNIALS ON THE MOVE<\/h3>\n

As younger generations join the workforce, they have different expectations and shorter shelf-lives at companies.<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

\n

\"\"<\/p>\n

\"\"<\/p>\n<\/div>\n

WHAT\u2019S ON THE WISH LIST?<\/h3>\n

So, what are these highly skilled employees looking for in the workplace they\u2019ll call home?<\/p>\n

\"\"<\/p>\n

Thriving employees are three times more likely to work for a company with a strong sense of purpose.<\/p><\/blockquote>\n

\"\"<\/p>\n

\n
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Sources<\/h3>\n

(1) U.S. Bureau of Labor, December 2018 (2) State of the American Workplace, Gallup, 2017 (3) Empirica, Working Paper: e-skills in Europe, 2015 (4) Future of Skills Report for the Executive Council of AMCHAM EU May 2018 (5) Deloitte Millennial Survey, 2018 (6) Hays What Workers Want Report 2017 (7) Mercer Talent Trends, 2017 (8) Engagement and the Workplace, 360 Steelcase Global Report, 2016 (9) Gartner 2018-2019 Top Insights for the C-Suite (10) The State of Digital Business 2016 to 2020, Forrester Research, 2015<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Digital transformation is here. Whether becoming more data-driven in their decision making or investing in new digital tools, companies are embracing technology to improve efficiencies and forge new business paths.<\/p>\n","protected":false},"author":15,"featured_media":28228,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"topic":[14324,581],"class_list":["post-28225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","industry-workplace","topic-culture-talent","topic-wellbeing"],"acf":[],"yoast_head":"\nA Buyer\u2019s Market - Steelcase<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steelcase.com\/asia-en\/research\/articles\/topics\/culture-talent\/a-buyers-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Buyer\u2019s Market - Steelcase\" \/>\n<meta property=\"og:description\" content=\"Digital transformation is here. Whether becoming more data-driven in their decision making or investing in new digital tools, companies are embracing technology to improve efficiencies and forge new business paths.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.steelcase.com\/asia-en\/research\/articles\/topics\/culture-talent\/a-buyers-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Steelcase\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SteelcaseAsiaPacific\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-08T08:17:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-08T12:42:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/steelcase-res.cloudinary.com\/image\/upload\/c_fill,dpr_auto,q_70,h_600,w_1200\/v1561138096\/www.steelcase.com\/2019\/06\/21\/19-0124140-2.gif\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/gif\" \/>\n<meta name=\"author\" content=\"Areli Arellano\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@steelcaseap\" \/>\n<meta name=\"twitter:site\" content=\"@steelcaseap\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Areli Arellano\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Buyer\u2019s Market - Steelcase","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.steelcase.com\/asia-en\/research\/articles\/topics\/culture-talent\/a-buyers-market\/","og_locale":"en_US","og_type":"article","og_title":"A Buyer\u2019s Market - Steelcase","og_description":"Digital transformation is here. 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