People are quitting their jobs in record numbers. Companies should take note – and treat them better | Arwa Mahdawi
Labour shortages are causing widespread disarray. Perhaps employers might consider something radical: paying people more and exploiting them less
Got an advanced degree? Twenty years of experience in your field? The ability to drop everything to respond to work emails? Great! Then you meet the qualifications for an entry-level job paying miserable wages. But you’ll need to have a gazillion interviews and write a thank-you letter after each one to have any chance of getting it, of course.
That’s an (only slightly exaggerated) reflection of what the job market has looked like for a long time. Wages have been stagnant for decades. Companies have been demanding more, and offering less: the power has been very much in employers’ hands. Now, in the US at least, the power balance may be shifting; people are quitting their jobs in record numbers. Almost 4 million Americans quit their jobs in April: the highest numbers since government record-keeping for labour turnover began in December 2000. Meanwhile, in the UK, a lot of people are seriously thinking about quitting – one study found 38% of employees are looking to change roles in the next year.Continue reading...
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