Many employees today are engaging in the 'big stay' at their jobs, essentially choosing to stay put given today's economic conditions. Workplace experts shared insights.
Job experts weighed in on how this development is or will be impacting the American workforce — and what to know about it.and the likelihood of a recession looms, CEOs are bracing for economic softness, said Joe Galvin, chief research officer with Vistage, a CEO networking group with worldwide headquarters in San Diego, California.
However, while the country may be experiencing a slight cooling in the demand for talent compared to the white-hot labor market of 2021, current levels remain significantly higher than those observed pre-pandemic, Galvin noted."Also, economists anticipate this slowdown will be short-lived," he continued. "Once the next growth cycle kicks in, the demand for talent will skyrocket again.", they will upgrade to better jobs, pay and working conditions, he also said.
"Frontline bosses have the most direct impact on their direct reports’ day-to-day experience, and therefore, are the biggest drivers of retention and engagement," he said. "If workers grow too complacent, they can suffer consequences such as decreases in professional growth, productivity and job satisfaction," he added.
Employees"should reframe their way of thinking, so they break down goals into achievable tasks and set a schedule to tackle them."
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