Best talents remain elusive irrespective of the market dynamic. After the great round of layoffs led by the pandemic, organizations are scuffling to win the war for talent. Salaries, benefits, flexibility, and perks don’t hold water anymore to attract young workers today. Given the extraordinary pace of change with the ongoing uncertainty with skills expiring fast and changing business priorities, managing talent has become a critical issue for leadership. The world of work has changed and pre-pandemic ways of working aren’t something workers are ready to go back to.
Workers are quitting or switching jobs in droves which some economists have dubbed the ‘Great Resignation’. A colossal 95 percent of workers are up for shifting to new jobs while over 90 percent are primed to trade industries to find the jobs of their choice, according to Monster.com. One of the key drivers is the fear of losing flexibility workers gained during the pandemic; they want to be compensated for their work not just with money, according to PwC.
This story is from the September 2021 edition of People Matters.
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This story is from the September 2021 edition of People Matters.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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