Fixing a Broken Workplace
It’s true that companies are offering pay rises to quality candidates but can this really fix a broken workplace?
Fast-paced high-pressure professional firms are in a situation where the tables have turned and the job market is employee-driven. Retaining talent is not just about pay rises anymore it is about fostering a culture where people feel valued and supported.
Goldman Sachs for example has seen a huge number of its employees suffer from burnout. It has always been one of the firms to work for if you want career progression and the wallet to match on the condition that you become the job.
Seeing staff call it quits because they are burnt out is a sign that the only way to fix the broken workplace culture is for firms to change their mindset and offer jobs that allow them to have the work-life balance that they long for.
It is not just professional firms that are suffering from staff shortages but key workers such as HGV drivers, caused not only by the pandemic but also the immigration restrictions imposed on EU citizens when the UK left the EU.
The pandemic saw a record number of people register as self-employed starting their own businesses from the comfort of their own home allowing them to be creative and be in control of their own work.
This is the start of a new era of self-employed workers many of whom are influencers that collaborate with brands and have the freedom to be as creative as they want to be moving away from the traditional way of earning money with a 9 to 5 job.
Contract or freelance roles have also become more popular due to the flexibility that comes with them — perhaps this is what people are really seeking above money. They want flexibility, to be in control, and have more time to do the things they love.