Employee expectations | 4 trends that should be informing your workforce career management strategy

The world of work has changed irrevocably, and workforce strategies will need to be updated in order to align with the changing demands and expectations of today’s employees.

As 40% of workers globally say they could leave their jobs in the next three to six months, and spiraling energy costs take their toll on businesses’ bottom lines, implementing and refining a workforce career management strategy will be crucial to retaining and developing the talent needed to achieve sustained success.

4 workforce trends that should be driving your people strategies

Cost of living crisis – A survey from Totaljobs found that 76% of employees are concerned about the rising cost of living, while many retired workers are now considering returning to the workplace as the their pensions aren’t stretching as far as anticipated. Plus, not only are businesses likely to see older workers push back retirement and return to the workplace, 1 in 3 employees are also utilising the gig economy to take on 2nd jobs to better support themselves financially.

In turn, business leaders need to ensure line managers are equipped to have regular career conversations with their team members. Individuals entering the gig economy and taking on extra jobs are likely to be suffering from feelings of burnout, and so it’s important line managers are aware of the situation and can offer support as needed. Simultaneously, older workers can discuss their decision to remain in the workplace for longer than perhaps originally planned, and be reassured that there is a long-term plan in place for those at a later stage of their career.