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The Pandemic Job Market, Part 2: From Pandemonium to Institutional Recalibration
There is nothing normal about any return-to-office plan. For most, if not all, a return to office means vaccine and mask mandates, regular COVID testing, personal risk versus professional ambition calculations, and/or commuter rituals and requirements shifting weekly in a hybrid model. These factors have led to an alarming amount of attrition and an ensuing frenzy of hiring this year for every corporation, law firm, software company, or service provider in the legal space. The result is a slow, arduous hiring process in the legal industry created by the refusal of some employers, namely law firms, to accept new realities related to the future of work and the motivations of talent in the industry today. Conversely, other employers have turned strife into opportunity and have begun to recalibrate their institutional policies, processes, technologies, and permissions to attract and retain workers.
Part one of The Pandemic Job Market: From Drought to Pandemonium broadly outlined the complexities of staffing in a post-pandemic job market in the data privacy, cybersecurity, and e-discovery/legal technology verticals. Highlighted by a complete alteration of the space and time related to office work, executive access, and the interview process, with an emphasis now on speed of hire, compensation inflation, and coping with voluminous talent exodus as a mission-critical reality, this subsequent analysis covers all the hiring trends in Q3 2021 as well as what is coming in Q4 and beyond.
The September Jobs Report
The September U.S. Bureau of Labor Statistics monthly jobs report sets the tone for the issues all hiring managers and job seekers will face in the fourth quarter. Only 194,000 jobs were added in September, down from 366,000 in August and the lowest amount since January 2021. However, job openings were still at a record high, with employers across the board reporting having a hard time filling positions. There is a fundamental disconnect between open jobs and the labor force in every sector, and data privacy, cybersecurity, and legal technology are no exception.
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