According to Rita McGrath, a high rate of employee turnover indicates a significant disruption in relations between employers and employees.
Post-Pandemic Job-Market
The post-pandemic job-market, according to leading management expert and columnist Rita McGrath, will significantly change. According to McGrath, many workers settled into a more sedentary lifestyle during the pandemic as a result of working from home and, in some cases, having no work or fewer hours, making some feel like they had plenty of time.
She explained that giving up their commutes, staying at home, and not having to follow the usual routine made it feel like they had a lot more time than usual. People were able to look into new interests and opportunities as a result of this feeling of having too much time, which led many of them to reevaluate their current employment path and look into new opportunities.
Time Rich
We know from extensive research, according to McGrath, that feeling like you have time encourages you to consider more options, be more curious, and daydream. On the other hand, having the impression that you are running out of time encourages incremental thinking and more of the same. As a result, many people who might not have otherwise considered switching jobs were motivated to do so by a sense of time abundance.
The issue of death and mortality also became a source of concern during the pandemic. You couldn’t ignore the realization that death could literally be just around the corner when you were confronted with the fact that a seemingly routine trip to the grocery store or a straightforward act of reporting for work could have fatal consequences.
Re-Evaluating Goals
McGrath says that many people rethought their goals in life because doing everyday things could hurt someone. People are also forced to reevaluate how they spend their workdays as a result of the increased awareness of their own mortality that comes from contemplating our own mortality.
According to McGrath, another effect of the pandemic was counterfactual thinking, also known as considering the alternative route. Many people were affected by second-guessing their actions during the pandemic. There were a lot of scenarios in which something positive or negative would not have occurred if I had (or had not taken) a different approach. She adds that regretful reflection on one’s life also contributed to the record number of job seekers.
Rita McGrath
McGrath came to the conclusion that what we know is that people switching roles and jobs aren’t just doing so to make more money. Their search for meaning, passion, and a career path that will allow them to leave a legacy has significant repercussions for employers.