The era of retirement, 3 ways to prevent retirement

[caption id="attachment_5515" align="aligncenter" width="404"] The era of retirement, 3 ways to prevent retirement[/caption]

America is now the great resignation

According to the U.S. Bureau of Labor Statistics, the number of people leaving the workforce soared to 4.3 million in August last year, accounting for 2.9% of the total workforce.

In the case of the leisure and service industries, where the resignation rate is particularly high, it can be seen that it has risen to 6.4%.

This is the highest number since the year 2000 when the eviction rate statistics began to be measured.

The era of 'the great resignation' is a parody name of 'the great depression', which refers to the era of the economic crisis of the 1930s.

It is a social phenomenon that is large enough to be covered by large media such as the Wall Street Journal and NBC.

At first glance, you might think that companies are sending their employees out because their businesses are sluggish because of the coronavirus.

However, if you listen closely, it is surprising that most of the cases are 'voluntary resignations'.

So, why the hell are all Americans leaving? How is the work landscape changing?

And we will look at what changes are needed for both employers and workers for a sustainable and stable employment relationship.

Why is everyone leaving?

[caption id="attachment_5518" align="aligncenter" width="373"] Why is everyone leaving?[/caption]

What we need to be clear about here is that it is not 'retirement = retirement'.

Of course, there are people who think, 'I want to just retire at this time' because of old age, but mostly they quit their current job and start a new job or start a business.

What's surprising here is that more than half of U.S. workers are considering leaving their jobs this year.

According to a survey released in August last year by Bankrate.com, a website specializing in financial information, 55% of American workers said they were thinking about finding a new job this year.

And the number one reason for considering leaving the company is not 'salary'.
1st place is 'Flexible work environment'
2nd place is 'salary',
The third place is 'job stability'.

You can see that it is no longer an era where everything is solved by giving a lot of money.

What was the wind that suddenly caused people to prefer a flexible work environment over money?

In fact, people may have had thoughts of 'what do you do with a lot of money' or 'it's best to be comfortable' in people's minds for a long time.

However, the reality was that he was hesitant to make a big change right away. Meanwhile, the corona pandemic has taken over the world.

Thousands of people who used to provide face-to-face services were forced to rest at home.

Even office workers who originally went to work in the office have been working remotely from home for a longer period of time.

[caption id="attachment_5519" align="aligncenter" width="380"] Work From Home[/caption]

No matter what field you work in, you are forced to spend more time alone or with your family.

This period gave people some opportunity. Many retirees are revealing their reasons for leaving, saying, 'Corona has given me an opportunity to look back on my life'.

I normally don't think about making any changes in my busy life, but the coronavirus has changed the way I spend my days.

With the time and space created at this time, inner questions such as 'why am I continuing to work now' can be seen as the driving force for resignation, job change, business, and retirement.

Being able to see the lives of various people on YouTube and Instagram also contributed to the momentum toward my resignation.

However, in order to actually leave the company, it is possible only if the worries about making a living right now are resolved.

There is one thing that has solved that problem, and that is the huge amount of corona subsidy that the US government has released.

Thanks to this, I was able to receive subsidies of several thousand dollars per person, and even if my salary was cut off, I did not have to worry about making a living for a while, so I could actually leave the company.

[caption id="attachment_5520" align="aligncenter" width="332"] Coronavirus[/caption]

The expansion of various recruitment platforms also contributed to the atmosphere.

Even if you decide to leave the company and have money, it would have been difficult to put it into action if you had no idea what to do with it.

But these days, getting information about other jobs has become so much easier than in the past that I wondered if I could do this.

You can search and obtain information on open positions, qualifications, and salary information by just searching on the recruitment platform.

You don't have to search, the platform algorithm continues to make recommendations, and if you want, you can simply apply right away.

Interviews are also frequently conducted non-face-to-face, allowing us to talk with various companies within a short period of time.

Coping of companies that have fallen on fire

As more and more people are leaving the company, companies with a shortage of workers have started to raise their salaries.

Starbucks, for example, raised its hourly wage from about $14 to about $17 an hour.

[caption id="attachment_5521" align="aligncenter" width="396"] Starbucks[/caption]

In addition, starting in January of this year, a policy was announced to increase the salary additionally for those who have worked for more than two years.

However, since the fundamental reason for resignation is not in salary, there is bound to be a limit to solving the manpower shortage with money.

As of November 2021, according to the U.S. Bureau of Labor Statistics, there are over 10.6 million open positions in the U.S.

This is a significant increase from 9.2 million in May of the same year. People want more money, but they also want quality improvement.

It can be interpreted that all workers who work ultimately want to work in a place where they are healthy, happy, and well paid.

It can be difficult for all companies to provide such a balanced environment, but people are still exploring other opportunities in search of better working conditions and
there is.

So, what kind of environment should the company provide realistically to prevent employees from leaving?

And can we bring in new talent? I think the key is how much 'optimized flexibility and health' can be provided.

3 ways to prevent employees from leaving The saying 'You're trying to make a living' is not wrong.

But now, making a living is no longer the only goal.

For example, the Fire people are people who pursue other values ​​than money, saying, 'This is enough', even though they can make more money by working.

Therefore, providing an environment where value other than making money can be realized is probably the fundamental way to prevent employees from leaving the company.

1. We must guarantee work autonomy

[caption id="attachment_5522" align="aligncenter" width="372"] We must guarantee work autonomy[/caption]

In the era of Corona, people around the world experience remote work once, and they are starting to question whether it is really meaningful to go to the office every day or is it better to get retirement and enjoy ourselves.

If my work is going well and I can produce results, I would like to go to the office and work 8 to 9 hours in a row.

Being able to freely adjust the time to fit my life is a huge plus.

This is especially important for parents with children.

In the past, I had to adapt to the circumstances of the company, so I had no choice but to sacrifice myself or my family. It became a state of affairs and demanded a flexible working environment.

Now, it is difficult to go back to the tight life of the past.

Autonomy should also be given to the content and amount of work.

For example, you may have an employee who doesn't like to do their current job for more than three or four hours.

In this case, instead of forcing a full-time job saying, 'It's your job, you can't do anything about it', you can provide flexibility such as adjusting working hours and salaries by letting them take charge of other departments in their spare time or encouraging a side job.

If all employees don't have to work the same way, you need the flexibility to adapt.

2. We need to provide a foundation for growth.

[caption id="attachment_5523" align="aligncenter" width="379"] We need to provide a foundation for growth.[/caption]

Now that the existence of a 'stable job' continues to disappear, the thing that people can trust the most is 'one's ability'.

People want to do work that helps them grow because they know that I can work satisfactorily wherever I go if I have the skills.

Simply earning a lot of money does not satisfy the desire for growth.

No matter how good I am and what I love, if I do one thing for a long time, I get bored.

As slumps and burnouts come, I often feel anxious about whether I am falling behind.

It is not an era where people can be treated for being in the same field for a long time. Then, naturally, I think about getting retirement or starting a business.

This ties in with the autonomy of work mentioned above, what if you had the flexibility to move to another team within the company or take on a whole new project?

Even if you do not have to leave the company, you can solve the burnout phenomenon. It is even possible to expand my work area by taking on a new task there.

It's an opportunity to try new things without the stress of adapting to a new culture.

3. To keep you healthy

[caption id="attachment_5524" align="aligncenter" width="354"] To keep you healthy[/caption]

I need help. People were already tired of working as workers in the ever-changing IT world.

People's bodies and minds have already reached a state of exhaustion after undergoing social changes due to Corona for a long time.

If there is a company that quickly catches such a condition and provides appropriate care, employees will feel secure and will not think about retirement. In April last year, the business platform LinkedIn gave 15,000 employees a week off worldwide to prevent burnout.

Facebook has also allowed its employees to take a full week off during Thanksgiving. As a result, there was no damage to the company's sales or

Ernst & Young, a global accounting firm, has expanded the program so that not only employees but also their families can receive care.

Conclusion:

Here are 3 ways to prevent over-retirement. What employees want is 'I want to work in a happy mood, have fun, do not have to give up health, and get a sufficient salary'

I think it can be summed up in these three points.

A company that can provide such an environment may still be a 'dream workplace', but the desire to work there is rapidly growing in everyone's mind.

Perhaps there will come a time when such an environment is natural.

It seems clear that we all need to move in order for companies to acquire talented people and for workers to be able to work in such an environment.