The workforce is facing significant challenges right now including a labor shortage. Many who lost their jobs during the pandemic have decided not to re-enter the workforce. According to a 2022 U.S. Chamber survey, about half (49%) of workers are unwilling to take jobs that don’t offer remote work options. Workers aged 25-34 are more focused on personal growth than job seeking and others have chosen to work only part-time. There is a clear shift. Here are some of the most pressing concerns today:
The Great Resignation/Quiet Quitting: Post-pandemic, work-life balance is still a concern for many. The capacity for working excessively with hopes of a promotion is no longer a top priority. Many are reevaluating their priorities. This has led to high turnover rates and declining employee engagement. Employers must develop a strategy to invest in employee engagement and retention specifically, work-life balance.
Skills Gap: Due to rapid technological advancements, there is a demand for new skills, but unfortunately, companies are not investing in training. Roles are being eliminated, job descriptions are being re-written and workers are being replaced – for less pay. To ensure you stay ahead and remain competitive in the workforce, take industry-related courses or inquire with your employer regarding upskilling opportunities in the workplace.
Remote Work Challenges: Many companies are moving away from remote work options. This creates significant challenges in the workforce because many positions were created and filled as fully remote roles. Remote work allows workers to live in more cost-efficient areas, not limiting them to big cities where the cost of living is greater than wages for the role. While remote work offers flexibility, it can also lead to feelings of isolation, burnout, and difficulty maintaining work-life boundaries. Set boundaries and commit to your schedule as though you are working in an office where you can leave work behind once you sign off. Doing this will help you to be intentional about meeting your personal needs and not letting work proximity interfere with personal time.
The Rise of AI: The increasing role of artificial intelligence in the workplace raises concerns about job displacement and the need for workers and companies to adapt to new technologies. These challenges require innovative solutions from both employers and employees. AI provides opportunities for employees to learn new skills and possibly move around within a company. A great way to increase your competitive edge is to explore what opportunities AI can offer within your industry and share your interest in these new initiatives with your employer.
To prepare for these challenges, employers should prioritize employee well-being for on-site and remote workers while also investing in robust learning and development programs that include both technical and soft skills. These strategies will help to keep employees engaged and ensure companies stay agile, preparing for the fast-changing market conditions.
Mary V. Davids is an Executive Career & Leadership Development Coach and Owner of D&M Consulting Services, LLC. Need help with your career? Reach out to Mary for more career tips and advice. www.slaytheworkplace.com, follow /CoachMaryD on Facebook, @MVDavids on Instagram, and @careerchic on TikTok.