The Great Resignation and how this affects Australia Recruiters. Part 2.
Following our post last week, we thought it interesting to share what Australia’s view on the Great Resignation might look like.
A recent report by Microsoft has found that more than 40 percent of the global workforce are thinking about quitting their jobs this year. This is likely to be especially significant in Australia, with experts predicting that the trend will hit the country in the first quarter of 2022.
In our research, we found that the most common problems were::
* The Balance of power has shifted to employees.
It’s clear that employees are in high demand and companies will do whatever it takes to attract and retain them. Employees are an organization’s most valuable resource and companies are always on the lookout to hire the best people,.
* The pandemic has rewritten the psychological contract between employers and employees.
* Employees don’t want to be seen as workers. They’re not just interested in the experience they can have at work, they’re interested in what an employer does to enrich their life experience.
* Flexibility is a big part of the equation for employees, along with how their employer makes them feel. Some are even quitting after being told they cant work remotely.
* Many people are choosing to move away from ambition, to emphasise other aspects of life. Essentially, embracing career downsizing, looking for a job involving fewer hours or something with less responsibility and less stress.
* Questioning what you want out of work and life doesn’t have to mean quitting your job completely, rather quitting certain aspects of it like excessive travel for example can be renegotiated.
SO WHAT CAN EMPLOYERS DO?
The advice to employers is to see this as a once-in-a-generation opportunity to reconfigure work so that it’s actually designed for this new world that we find ourselves in.
Companies need to focus on the needs of their employees, and find a way to drive their growth ambitions without over-stretching already fatigued staff.
Be open to tweak current jobs or responsibilities to better suit the employees needs.
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