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Back To The Green Dough
 Now that millions of employees have enjoyed the ability to work remotely and shape their schedules, workers are increasingly reticent to give up flexibility â and would consider making sacrifices to have accommodating jobs. Earlier in the pandemic, large swaths of workers reported willingness to take a pay cut if they secured the benefits they wanted.Â
But in recent months, a shift has occurred: while flexibility is still high on the list, pay is moving centre stage as a priority for job-seekers.
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37 reads
Looking For Better Paying Roles
Both knowledge- and blue-collar workers with particularly in-demand skillsets are enjoying sharp salary rises, as labour shortages impact some industries. These hikes are coming as workers of all stripes are facing rising living costs â and wondering if they, too, could find a better-paying role elsewhere.Â
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Asking Both Work-Life Balance And Competitive Pay
- Flexibility and company values are still important factors for workers, but they're only the difference-maker when the salaries are comparable.
- The companies "winning the race" for staff will be those who can offer both the work-life balance policies workers say they want and competitive pay.
- With inflation causing workers' pay to drop in real terms, we'll see almost a re-evaluation of those top-five reasons why people move jobs.
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Talent Shortage Across All Sectors
- More than half (56%) of executive managers in a recent survey said they were starting to be faced with pay compression, where existing staff end up on lower salaries than new recruits
- Petrol prices are at an all-time high; transport fares have increased, and food and other essentials are on an upwards trajectory
- Some companies are offering financial and other incentives to tempt unhappy commuters back
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24 reads
The Extra Perks And Subsidies
- Rising costs mean that workers who can do their jobs from home are understandably reluctant to head to the office unless they absolutely need to.
- Some companies are cognisant of employees' concerns and are offering practical solutions aimed at alleviating costs related to office days.
- For example, media company Bloomberg is offering its US staff a $75 daily commuting stipend, which they can spend however they want.
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Skewing The Career Perception For Youngsters
- Graduates are being handed six-figure salaries as a recruitment tool amid the current labour market conditions.
- In some cases, these workers may find themselves trapped in jobs they hate, especially if workers have built lifestyles around earning big pay-outs.
- Such wages can also skew young employees' perception of pay, blocking them from pursuing more meaningful career paths.
- Huge salaries can also weigh on young employees with a psychological burden.
- Companies themselves may not necessarily get what they pay for.
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Not For Labour Jobs In McD Or Amazon
- Six-figure starting salaries will probably continue to be the norm in certain high-paying industries like Big Tech and Big Pharma.
- It's unlikely there'll be much of a trickle-down effect for entry-level workers in less elite sectors in other sectors.
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IDEAS CURATED BY
Karla Brown's ideas are part of this journey:
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