Flexible Work Fosters Trust & Autonomy

Why U.S. Talent Shortages Are At A Ten-Year High
A shocking 54% of companies globally report talent shortages—the highest in over a decade. But why? Here’s what we found.

“Skilled workers are in control and companies need to understand people’s priorities to compete.”

The last year has changed the way employees view and approach work. In short, employees want more, and they don’t want to compromise. In the EY 2021 Work Reimagined Employee Survey, more than half (54%) of employees surveyed globally would consider leaving their job post-pandemic if they are not provided some form of flexibility in where and when they work. Liz Fealy, EY Global People Advisory Services Deputy Leader, says, “Employees’ willingness to change jobs in the current economic environment is a game-changer. The Covid-19 pandemic has shown that flexibility can work for both employees and employers, and flexible working is the new currency for attracting and retaining top talent.” Workers also want to be measured on the value they deliver, not the volume. According to a study by Citrix, 86% of employees said they would prefer to work for a company that prioritizes outcomes over output. And they expect to be given the trust and autonomy they need to do their best work. Then there’s work-life balance. In a survey conducted by Prudential, of the workers planning to look for a new job post-pandemic, 38% are doing so because of work-life balance challenges.

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