Companies globally are experiencing complex and dynamic transitions at the workplace. Employee and employer priorities have changed drastically since the pandemic; preparing for a new era of work has become the need of the hour. In order to keep you updated with the current trends, we discuss five HR buzzwords that you need to know.
It’s the new era of flexible work—radical flexibility is all about giving employees the liberty to decide where, when, and how much they work. It focuses on improved work-life balance. The freedom to work from anywhere, a 4-day work week, and shorter workdays are some examples.
What does this mean for employers? A lot of tech companies are aiming to create strong engagement with their employees, initiatives for employees to discuss remote work stress are being considered. Companies need to address employee demands and invest in employee well-being for lower attrition rates.
As per Carol S. Dweck, author of Mindset the new psychology of success, “In a growth mindset, people believe that their most basic abilities can be developed through dedication and hard work—brains and talent are just the starting point.” Having a growth mindset has several advantages that can help accelerate one’s career. Some of the best steps to develop a growth mindset are to view challenges as opportunities, analyse your capabilities and limitations, acknowledge failures and imperfections, and cultivate a sense of purpose.
Quiet quitting is the latest buzzword in workplaces globally. Quiet quitting simply involves performing the limited tasks strictly within their job descriptions, by doing this they refuse to go above and beyond what a job requires. Poor job satisfaction, lack of opportunities for career and self-development, and lack of appreciation at the workspace are some of the major reasons why people quiet quit. According to a survey conducted by Gallop – “Quiet quitters” make up at least 50% of the U.S. workforce.
The Great Resignation
The great resignation is a global phenomenon that depicts the record number of people that have left their jobs since the beginning of the pandemic. The term was coined by Antony Klotz who refers to this trend as a ‘Pandemic Epiphany’. As per research conducted by the Pew Research Center, the majority of workers who quit a job in 2021 say low pay (63%), no opportunities for advancement (63%), and feeling disrespected at work (57%) were reasons why they quit. Other reasons that contribute are lack of family time and childcare, lack of flexibility at work, and absence of company benefits such as insurance. Does your current work make you happy? Is your workplace toxic or making you stressed? Has your current job knocked down your work-life balance? These are some questions that one needs to think about before quitting their job.
Moonlighting in simple terms is doing a second or multiple jobs along with a full-time job. It is not something that has recently come into existence; working professionals such as advertisers, journalists, teachers, and doctors have moonlighted over years. It is now that this practice has come under the limelight and is being acted upon.
Why do people moonlight? Apart from financial returns being the major motivating factor for moonlighting, upskilling, job uncertainty lack of appreciation at the workplace, utilising extra time are some of the contributing factors. According to a news source, a whopping 300 Wipro employees were fired for moonlighting in September 2022.
How many of these terms are you aware of? Do you think moonlighting is reasonable? Is quite quitting the new way of working? Let us know your opinion in the comment section below.