• With organizations embracing new working models and investments pouring in to develop next-generation technologies, the Nordic region is witnessing an increase in its digital engagement and organizational cloud adoption. With more and more organizations adopting cloud technologies, the region is experiencing a massive rise in several digital use cases
• A conducive business environment is attracting global MNCs for setting up their offices in the region. As per World Bank’s latest Ease of doing a business ranking report, three out of 5 Nordic countries are in the top 10 list of countries. Additionally, increased adoption of the Hub-Satellite-Outpost framework is helping companies in leveraging workforce across different locations and building scalable teams
• Despite Covid-19, the start-ups within the Nordic region have performed exceptionally well and have raised a total of $5.7 B in H1-2021, the highest to date. In addition to the growing start-up ecosystem, we observe organizations have a niche focus on clean-tech and energy-tech, and a large amount of money is being spent on R&D for solving the most complex environmental issues
• The complex Labor market trends require organizations to strengthen their talent ecosystem, re-evaluate their hiring strategies through a big data approach.  Companies have to look for ways to retain their best-nurtured talent by providing better compensation, opportunities, and learning endeavors.
• To build a better employer brand, organizations can leverage internal innovators that can inspire the existing workforce and attract potential candidates in the recruitment

Hope you find this helpful.