The answer is simple, the workers are treating employers the same way employers have been treating workers for the past 40 years -- disposable resource.
IN 2020 when the pandemic hit, the US saw unemployment rise from 3% to 15% almost overnight. companies shed workers as fast as they could. Now, many were directly unaffected, but they saw the callousness. Now, they treat employers the same way.
A good friend runs an investment firm, and last week five highly productive workers resigned from his company. they gave him the minimum week's notice. The reason they gave was that's what he had given to the employees he fired in 2020 at the start of the pandemic.
He was complaining today over lunch. I like David but he can be a bit of a prick and I've asked him Why do you expect others to treat you differently than you treat them? Why do you expect your employees to trust you when you don't trust them?
His complaint was obvious they were leaving for similar jobs elsewhere in the City but the salary was 40% higher. David is not only a prick he's a cheap prick! Now he"s screwed because he needs to replace these workers and the replacement is not only expensive but every review of his firm is that he treats his employees poorly and doesn't pay.
Three trends emerged at the same time, by far the most powerful is the qualified labour shortage. Yes, the City is smaller but those who left recycled their skills and will not return, regulatory demands only increase and people don't like working for pricks!
Don't get me wrong, I like David, his wife is a good friend of my wife, but I would never consider working with or for him. I trust him as a friendly acquaintance, a fun person in a pub, which is what he was today, but work for the guy, no way too big a prick!
Note: There are half a dozen websites where you can post a review of an employer, some are good others are terrible (because the review is not verified) still checking those websites will give you a good idea as to what its like to work for a firm.
Comments