With data showing burnout signals up 9% and employee happiness down 3%, the report says “businesses fail where it matters most.” In addition to a significant work-life balance gap, employees reported that employers are also failing to meet their compensation and benefits priorities.
With an economic recovery underway, the demand for talent is on the rise across the board, according to the LinkedIn report.
The recruitment boom coupled with a limited talent pool means employers are competing for the best workers and will face greater demands from the best candidates. “Businesses need to recognize that the power dynamics have changed,” says Karin Kimbrough, chief economist at LinkedIn. “Workers will demand more of them on several fronts. Candidates are much more selective about where to work, and workers express more what they want. “
Creating a fair future of work
The World Economic Forum Partnership for new labor standards is a global, cross-sectoral initiative that aims to build a healthy, resilient and equitable future of work. In light of the disruption to working life caused by the pandemic, the partnership is exploring the possibility for employers to collectively reset and define more human-centric work standards for employees working remotely, back in the office. or in a hybrid work environment.
With the Omicron variant of COVID-19 is now spreading rapidly across the worldd, employees are likely to face permanent uncertainty in their working lives. As the LinkedIn survey shows, employers will face increasing demands to meet the priorities of job applicants as they seek to recruit the workforce of the future.
Simon torkington, Senior Writer, Formative Content
This item was originally published on the World Economic Forum (WEF).
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