Many Companies Are Hiring Immediately [Research Shows People Desire Better Workplaces] 

Many Companies Are Hiring Immediately [Research Shows People Desire Better Workplaces] 

May 16, 2022 | Report Reviews, Resources

Resources_Swae_Harvard_Business_review_Approaches to Solving Problems in the Workplace

Many Companies Are Hiring Immediately [Research Shows People Desire Better Workplaces]

Workers Are Quitting Their Jobs Like Never Before

15 May 2022 4 min Read

Resources_Swae_Harvard_Business_review_Approaches to Solving Problems in the Workplace
Many companies are hiring immediately and there’s a big reason why. U.S. workers are quitting their jobs like never before, and there’s new data from the Bureau of Labor Statistics that shows job openings (and those quitting their jobs) spiked to record levels in March (2022).

This is on top of the approx. 4.3 million Americans that left their jobs in December 2021. The event that has been coined the “Great Resignation” and this new data demonstrates that the job separations haven’t slowed down.

“ On the last business day of March, U.S employers reported 11.5 million job openings- the highest number on record”

US Bureau of Labor Statistics Mar 2022

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The Two Minute Takeaway

KEY TAKEAWAY 1

Companies are hiring immediately because people are leaving their positions like never before.

A record 4.5 million people workers quit their jobs during the month of March, with the largest exodus recorded in the professional services and construction industries. Layoffs and involuntary discharges held steady at about 1.4 million people.

“On the last business day of March, U.S employers reported 11.5 million job openings, according to a report published by the Bureau of Labor Statistics on Tuesday–the highest number on record since the agency began tracking it in 2000.” – TheOrg.com

That’s a lot of people saying sayonara…

KEY TAKEAWAY 2

The reason why so many people are quitting should wake up a lot of leaders in companies around the globe.

A new Pew Research Center survey finds that the reason so many are quitting their jobs is due to low pay, a lack of opportunities for advancement, and feeling disrespected at work. These are the top reasons why Americans quit their jobs last year in 2021 (read full article here at Pew Research), and per takeaway one above, this trend continues.

Source, HBR

The bottom line: many of those who switched jobs seek improvements, and they want something more.

Why This Matters

There’s a big reason why people want more and that’s because the world is changing, and it’s changing fast. If leaders aren’t awake enough to see that the “same ole-same ole” isn’t going to cut it anymore, then the companies that they’re with will be left in the dust.

People around the globe have gotten a dose of reality in terms of looking more closely at their work situations and assessing what they desire. Employers that continue the pattern of devaluing their employees with low pay, providing no opportunities for advancement (or at least offering talks about what an advancement pathway might look like), and continue to foster a culture where many feel unsafe and disrespected will be forced to change (or worse, close their doors).

At Swae, we’ve seen this data firsthand. Employees desire to feel safe, valued, and want to feel like they’re on teams that can support real collaboration and where they have a voice. There are countless studies that show this, and you can find more of them here on our site.

People are demanding more and if companies don’t wake up to this fact, we’ll see the numbers of people quitting continue to rise.

This Research Recap article references:

https://theorg.com/iterate/u-s-workers-are-quitting-their-jobs-like-never-before  

https://www.pewresearch.org/fact-tank/2022/03/09/majority-of-workers-who-quit-a-job-in-2021-cite-low-pay-no-opportunities-for-advancement-feeling-disrespected/ 

Swae is helping organizations across the world to solve today’s problems and create tomorrow’s strategy. From Start-ups to Charities, and Enterprises to DAOs, our clients find that their greatest resource is their people, and Swae is proven to help get the best from the untapped potential within their workforce.

We’d love the chance to show you how Swae can help you find your next winning ideas…

Ready to learn how Swae can help your organization?

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Tips on how to make Remote Work work for you [It’s here to stay] 

Tips on how to make Remote Work work for you [It’s here to stay] 

May 4, 2022 | Report Reviews, Resources

Resources_Swae_Harvard_Business_review_Approaches to Solving Problems in the Workplace

Tips on how to make Remote Work, work for you

It’s Here to Stay

4 May 2022 4 min Read

Resources_Swae_Harvard_Business_review_Approaches to Solving Problems in the Workplace

This is a recap of Harvard Business Review’s  @HarvardBiz “The Realities of Remote Work” (download the full PDF at the bottom of this article) by Laura Amico. 

For some great tips for remote work, within this recap (and the full article) there are some essential questions that you should be asking your now to help them get more adapted to the hybrid work environment.  

Asking these questions and getting in front of potential issues is the best way to handle all of this, and we’ve included an extra chart below for some important information about companies offering hybrid work models. This could help your people adjust further, and if your organization can understand that there are some concerns to address then it can combat larger issues that could potentially hit you down the road. 

There are two critical questions that you can ask of your people, and it may behove you to also make an ask for ideas and solutions to help solve the issues that could arise (this is what Swae is meant for!).  

“ How has the pandemic changed how you think about work-from-home opportunities? Have your work-life boundaries shifted in ways that you are happy (or unhappy) with? Does “always on” mean that you are more productive?”

Laura Amico @HiLauraAmico

MORE KNOWLEDGE  |  LESS TIME

The Two Minute Takeaway

KEY TAKEAWAY 1

The pressure is building

Some of us have had remote work situations for a long time so there was no shifts or changes needed; however, that is certainly not the case in many offices around the globe.  
 
The pressure is building as managers are beginning to feel a lot more pressure to respond instantaneously, which causes more stress.

Source, HBR

There’s also a work-life balance issue that needs to be addressed ahead of the curve so that the pressure doesn’t cause more harm as it builds.

People aren’t leaving their computer screens (you can see that chart in the full PDF that you can download below), which is also a concern for the health of an employee.

(Being on a computer 24 x 7 is NOT good for anyone, but we don’t have to tell anyone that, right?!)

KEY TAKEAWAY 2

Trusting how much work is getting done in-office versus at home

This is a chart that reveals what managers think about in-office workers versus remote workers and how they’re performing. What’s interesting is that the response to this particular question came back with 50% of managers that disagreed that the performance of remote workers was lower than those in the office, and 50% agreed. So, this is a vital mission and questions to also ask your managers so that you can get a taste of how this is going by departments or teams.

Source, HBR

Why This Matters

Remote work is here to stay, so the more tips for remote work that leaders can receive, the better, because of lot of these issues are new to many. Again, not everyone has had remote work environments/hybrid models in place before 2020. There is going to be a split of how people operate in these remote/hybrid models. Some people can adapt easily and find it more rewarding, and then there will be those that have serious issues separating “being at home” and having to actually DO work at home (emphasis on the fact that they aren’t doing work hardly at all). Asking questions like the ones shown here in these charts could help you get you ahead of the game when it comes to dealing with issues arising now (versus later). And, this is a time to look to your people to get more ideas as to how to ensure your employees don’t overdo it and end up working way too long not getting proper rest or time away from the computer/phone/whatever other device.

Here’s some extra research (not provided in the PDF) if you’re curious…

Are you working for a company that’s thinking about getting rid of the hybrid (remote + in-office) work model?

Harvard Business Review did some research around this topic (you can see this in the chart here below) as to what it would mean if a company did NOT offer a hybrid work model now and the numbers are staggering.

If you’ve thought about cutting that hybrid model out, think again! Companies that cut out the hybrid model could lose more than 40% of their employees (this study asked over 10K people in the U.S. which is a pretty good sample set).

Download the HBR Report

Download Report

This recap references the Harvard Business Review article by Laura Amico @HiLauraAmico.

Swae is helping organizations across the world to solve today’s problems and create tomorrow’s strategy. From Start-ups to Charities, and Enterprises to DAOs, our clients find that their greatest resource is their people, and Swae is proven to help get the best from the untapped potential within their workforce.

We’d love the chance to show you how Swae can help you find your next winning ideas…

Ready to learn how Swae can help your organization?

Schedule a Demo now
FIND OUT MORE >

BOOK A DEMO >

ASK A QUESTION >
More to explore…
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