State of the Workforce: Key findings

State of the Workforce: Key findings

The great re-think has reached the North American workforce and much of the conventional wisdom around what attracts and motivates talent is changing.

Workers everywhere are re-evaluating their lives and what is important to them in their work life balance. The pandemic prompted many to shift their priorities toward finding roles that better align with their personal lives and professional passions. For the first time, many are thinking beyond traditional job paths.

A recent Procom study polled over 1,740 permanent and contingent workers across North America to identify opportunities for employers to access the skills they need in today’s labor market.

Full Report: Procom’s Five Key Findings

In order for organizations to strengthen their position as an employer of choice for talent, there’s an inherent need for an intentional and sustained focus on the workforce experience. The data suggests that what talent values is evolving—and fast.

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Key finding 1: Company culture is catching up to compensation as a top talent priority

Conventional wisdom maintains that pay rate and salary are primary factors in determining whether someone accepts a contract or permanent position.  As monetary compensation increases have spread across the market, however, cultural factors such as collaborative work environments, meaningful work and  flexibility have begun to show increased influence on talents’ decisions to accept an assignment – or to end one early.

Today’s talent has higher expectations of the organizations they work for, especially in terms of working environment, support, and company culture. Talent cites that very important top workplace attributes include collaborative and supportive work environments (66%) meaningful work (65%) and schedule flexibility (65%).

Key finding 2: Meaningful work is a new employer value proposition

Today’s talent has higher expectations of the organizations they work for, especially in terms of working environment and company culture. Talent cites that very important top workplace attributes include collaborative and supportive work environments (66%) meaningful work (65%) and schedule flexibility (65%).

Key finding 2: Meaningful work is a new employer value proposition 

Talent across all industries, including contingent talent and permanent employees, are seeking work that satisfies their need for meaning and purpose. Sixty-five per cent of workers said meaningful work is very or extremely important to them.

Employers who measure and act on what meaningful work means within their culture gain an advantage and can find ways to emphasize this meaning and purpose will gain an advantage while also creating a more human-centered workplace environment.

Key finding 3: Organizations that double-down on the contingent worker experience will ultimately attract and elevate employee engagement

 Procom data shows the overall contingent worker experience today is positive. 75% of contingent workers report regularly receiving recognition for good work.

In addition and over two thirds (68%) of contingent workers say they always or often experience the same respect as full-time and permanent employees in their work assignments. That’s a strong signal for businesses investing in inclusive workforce practices and contractor engagement services.

Key finding 4: Talent’s mixed perspective on stability creates opportunities for employers

Over the past year, concerns about economic uncertainty have impacted worker sentiment. Yet over half (56%) of talent say they’re confident in their current work stability despite a potential recession. About the same number, (57%) strongly agree that assignments with more stable companies and industries are preferable during a recession. 36% report they’d consider leaving an assignment early based on unstable economic conditions.

 The risk of talent flight is real—but so is the opportunity. Employers that communicate strength and long-term opportunity can shift perception, reduce attrition, and increase resilience.

Key finding 5: Unmet worker expectations will drive talent flight

Talent today has more leverage in the labor market, due in large part to long-term shortages of digital skills and workers re-evaluating where their careers fit into their lives.

Almost half of respondents (41%) have terminated a task or assignment early due to dissatisfaction. Beyond the fact that talent has higher expectations across the board, if employers don’t deliver, the most skilled workers are also empowered to quickly find a new role that better suits their expectations.

Almost two thirds of talent (64%) will terminate a contract due to a toxic work environment. Corporate culture and workforce experience clearly have a direct impact on the attracting, engaging and retaining talent.

It’s important that employers are conscious that inclusive, healthy and happy workplace cultures are incredibly important to contingent workers and permanent employees and are increasingly fundamental to an organization’s talent strategy.

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Today’s talent wants it all

The modern workforce has new expectations. Talent wants work that aligns with their values, enhances their productivity, and drives impact. They want two-way communication, career growth, and the ability to contribute to a better world.

They want flexibility, stability, DEI—and yes, competitive pay. But beyond that, they want to feel heard. Customers, stakeholders, and teams all benefit when talent feels engaged, empowered, and disengaged no longer.

For senior leaders, the message is clear: those who stay ahead of these trends, invest in culture, and evolve their strategies will win the race for top talent—today, and into the future.

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