As the labor market continues to dance, employers may currently feel like they have the upper hand over employees and job seekers. But wise leaders should use this time to make sure workers won't abandon their organization at the first sign of an economic power shift.
With employee engagement numbers low — only 32% are engaged at work, according to Zippia — and a continued focus on
"The first step is to shift the philosophy and [stop] thinking about it in terms of an employer-friendly market or employee-friendly market, because then it's about a balance of power instead of a mutually beneficial relationship," says KJ Johnson, chief human resources officer at digital analytics software company Amplitude.
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Much of the displeasure employees are feeling centers around a demand that they return to the office, therefore giving up some or all of the flexibility and work-life balance they previously enjoyed. A recent survey from LiveCareer shows that seven out of 10 employees expect flexibility to be an option, and one third believe it is the most important employee benefit. Meanwhile, data from The Conference Board reveals that out of 1,100 corporate executives, only 5% are planning to expand their hybrid work policies this year.
"The companies that survive and thrive going forward are going to be the ones that get dynamic or hybrid work right. What we as employers provide for employees, and what the employees bring to the table, shouldn't shift based on a power dynamic," says Johnson. "Trying to take advantage of that is where companies will go wrong."
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