Like Hybrid Work?
Don’t Bank on it Lasting Much Longer
Cristal M Clark
I’ve seen countless headlines this week and have spoken with countless recruiters, hiring managers and CEO’s, as the recession looms, employers are going to start doing away with hybrid work opportunities, the ability to work remotely.
This one topic has managed to edge its way into being a bone of contention between employers and employees.
The simple facts are that most employers moved in that direction during the pandemic however, they quickly learnt that were simply not ever set up so as to allow for remote work, which requires tracking software, monitoring software and checkins.
Whats-more is employers also started to ask why pay an employee demanding hybrid work the same salary as those who work in the same position but from the office? Many employers realised that they shouldn’t pay them the same. Not at all.
A great many found that less work was actually performed during that time and productivity was lost. Workers would argue that, was simply not the case, but many organisations, CEO’s, managers, well they will tell you, that was in fact the very case.
Less work had been being done, things fell by the wayside and just like that, workers started to find that pushing for a flexible, hybrid job was more of a challenge than they had bargained for.
By continuing to make such demands of employers as we head into a recession, well, you can be sure that many employers even if they give today will not forget those that came at them demanding something they never really wanted to give them in the first place.
The youth of our nation would like to bring about change, but to bring about change, one must not demand that it be done, it is something one must work towards and, he or she should fully understand that he or she might not ever experience the benefit of that change. It is something that you have to give up in order to obtain for the benefit of others.
It is a selfless act.
The other side of all of this that our younger generations have never quite felt the entirety of a full blown recession, economically at least. One article this week simply stated in layman’s terms that the under 40 in this nation had basically been raised to view the world through rose coloured glasses.
Inflation started to rises out of control years ago, before the pandemic and the younger generations didn’t really feel that impact, they simply grew up with it.
They lived somewhat privileged and sheltered from the harsh realities of economic hardship. To them, everything bad is solvable, or the Government will step in and help save us all. The sad truth is that the pandemic nailed that home for many.
During the pandemic, the Government increased unemployment benefits, sent stimulus checks, the fed saw fit to grow the money supply by 42% in 2020 and 2021, all whilst keeping interest rates low.
On top of that, trillions of dollars in emergency pandemic funding, along with President Biden’s cherry on the top, the 2021 American Rescue Plan, saturated the economy with cheap dollars. But now that a recession is hitting, these younger generations are going to feel a real impact and it is not going to be nice.
70% of economists are saying that the U.S. will tumble into a full-blown recession in 2023 as inflation soars.
None of that help will come during a recession you see and these younger generations, they do not have a financial safety net so as to rely on during the toughest of times.
When the recession hits, employers will look to keep only essential and practical jobs over self-important ones. Layoffs will ensue and other positions will die through attrition.
So demanding the ability to work remotely, is going to quickly and inevitably fall by the wayside.
Cristal M Clark