The New World of Work
The Employment Contract
Based on Chapter 3 - The Changing Nature of The Employment Contract
People
Specialists need to realize that the nature of work has changed so the
Employment Contract needs to be updated and new categories or employees needs
to be updated. It's very difficult to keep our employees engaged. They are not
emotionally invested in the mission of the company. Employee Engagement surveys
are not the solution. There is no lifetime employment anymore. Employees don't
typically want to stay in the same place for more than five years and the
younger generations don't want to stay more than one year. People Specialists
have to change their paradigm to figure out ways to engage employees who are
not employees.
“The basis of the Employment Contract is a Balance of the Employee's inputs and their perceived Employer's reward system. Over time, the Employee's Needs have changed. They want different things from Employers. They are looking for different Intrinsic Rewards work Work-Life Balance being one of the primary ones. There are not jobs anymore, there are roles. Workers want to be a flexible resource. They want to work while they are backpacking through Europe and don't see any reason why they cannot.”
Check out Episode 7 - The Changing Nature of The Employment Contract by clicking on the image below.