From great resignation to great change: How is the business scenario being changed?
As a result of pandemic diseases, a large number of people who left their jobs in 2021 and 2022 have introduced us to an extraordinary tendency known as great resignation. Millions of people quit their jobs to protect their health, prioritize their family or achieve a better work life balance. However, the statistics later showed us that there was more in the decision. A survey from the Pew Research Center revealed that after a major resignation, 53 % of people who resigned have changed the work completely into new fields. Therefore, what we are witnessing is the next step for employees, called “The Great Refuge”. In this article, we will discover what is involved in this trend and how it is affecting the labor market.
What is a great change?
Let’s start saying that great change and great resignation in the job market are not two separate phenomena, but the result of each other. In particular, people who have left their jobs due to the unsafe, powerful, or toxic work environment have been thoroughly reviewed. People have stopped looking for jobs that will only pay bills. Now, they are looking for positions that support the balance of life more closely with the long -term goals of the career and the balance of better work life. In this way, many employees move fully from their current work, change industries or open their businesses, which causes the labor market to “change”.
There are many reasons behind the great change. Someone can say that it was also inevitable, and the severe changes brought by pandemic diseases simply intensified it. During this time, the ability to work far away or spend more time at home recognized the benefits of people with flexible work conditions. At the same time, employees in working industries, such as hospitality, retail, and health care, faced an extraordinary level, raising the question of whether they want to continue on such career routes. As a result, workers began looking for jobs that are well associated with their goals and values, especially the younger generations, namely, a thousand -year -old and General Z, began to make a large part of the workforce.
How is the job market changing?
Great change is changing the labor market in many ways, some positive and some negative.
1. Talent lack of talent in some industries
In view of the priority and mentality of employees, many people are leaving their positions in demanding industries, such as health care, hospitality, education and manufacturing. They are looking for better salary, better work conditions, and a balance of healthy work life. This is leading to a shortage of talent in these fields, as the experienced and acquaintance workers who are discharged are not easy to change with new jobs.
2. To take advantage of employees
Although the shortage of these capabilities can affect many industries, they have given employees the power to negotiate more than ever. Since employers are struggling to find space for vacant positions, they are more likely to adjust employees’ requests. In terms of this sector, high salaries, better benefits, performance bonuses and more are translated.
3. The rise of flexibility in the work environment
Another positive effect of major change is that it has encouraged employers to prioritize flexible work conditions. This is not only because they want to adjust the priorities of the candidates, but also because the business that offers flexible work hours observes the high engagement and overall productivity of the employees. In addition, the increase in remote work has enabled businesses to tap in the global talent pool, which has helped them overcome limited local capabilities.
4. Experience vs. Education
The traditional concept of a candidate in which a company gets a specific degree to consider them is no longer strict. This change is understandable, looking at the pace with which industries are changing nowadays. The more important thing for employers and recruits is that potential fares own essential skills, whether they come from previous experiences, online courses, or certification. This allows non -traditional candidates who can be taught themselves or attend a seminar for a new career transfer.
What should business leaders prefer during major changes?
Great change can increase employees’ business rates in your organization and affect its performance. Therefore, it is important that you take some steps to protect your organization and support your manpower.
1. Employees’ fitness
A lot of resignation, and then a great change, resulting in the balance of life for employees and the balance of unhealthy work. Therefore, it is understandable to counter the welfare program of just one comprehensive employees. This will ensure that employees need to stay healthy, protect their mental fitness, and set boundaries between their personal and professional life. Most importantly, they will appreciate and establish a more meaningful relationship with the company.
2. Resclacing and upsclanging
To help employees improve their current position or transfer new skills to another, which is also known as episcling and baskling, it is key to great change. If employees want to change their daily routines or overall career, business leaders can do this for them. Through teachers programs, training courses, certifications, etc., you can help employees carry out more responsibilities, move high levels, or transfer to a new position within the company. That way, you maintain valuable abilities, and employees will not have to look for new jobs from the beginning.
3. Open conversation
A guarantee of losing employees is to create a work environment that discourages open communication. If employees feel that they cannot share their frustrations and distribute their thoughts, they are likely to be disappointed and find other opportunities. Therefore, it is important that you maintain open lines of communication with your employees, regularly engage in dialogue, and from time to time, survey to assess their level of satisfaction and engagement. In this way, you will be able to take the necessary steps to detect the early warning signs of disappointment and to re -connect your employees.
4. Flexible work
As we have mentioned earlier, one of the reasons behind a major change is that employees have discovered numerous benefits of remote work. As a result, if you do not already have, you should definitely consider the execution of flexible work arrangements, such as hybrid work or home working options. If this is not possible for your industry, you can still find alternatives such as elastic work hours, compressed work weeks, and a change of change between others. In this way, employees will feel more control over their daily schedules and will be able to achieve a satisfactory balance of work.
Building the future through great change of businesses for the future
We are not sure how long can a great change go? In addition, there were always and there will always be those who want to completely change the career at one point of their lives. But what do we know that its effects on the labor market are here to stay here? This trend has led the business leaders to the development and well -being of employees’ skills, which has changed the leadership and administrative style. And, it looks like it is ultimately better. Companies that recognize the workplace trends and take mesure measures to adapt will better equipment to navigate future changes and challenges, and will set themselves as their themselves.
