Listen "9.17.2023 I The Changing World of Work"
Episode Synopsis
Introducing Jeanelle MathsenJeanelle is Vice President, Human Resources responsible for the HR function at Wealth Enhancement Group.She has more than 20 years of experience working in HR at startups and both small and large financial services firms.At WEG, Jeanelle and her team focus on HR business planning, employee engagement, talent management, and compensation and benefits.Before joining WEG she worked at LifeUSA/Allianz and AEI Capital Corporation, a privately held real estate investment company.Jeanelle has a bachelor’s degree from North Dakota and is a certified paralegal.When not working, she enjoys spending time with her husband, two daughters, and large extended family.The search for new employment opportunitiesGen Z and younger millennials are job-hopping to increase their salary and skills earlier in their careersJob-hopping is not just post-pandemic behavior driven by Gen Zers during COVID-19 lockdowns. Evolving relationship between workers and employersSome say one reason for the spike in job-hopping is the erosion of the social contract between companies and employees. Repeated, recession-related layoffs have in some cases led to “right-sizing” in anticipation of an economic downturn (visible in the tech sector in 2022 and 2023).Employers are less concerned about having access to talent. Today, it’s about motivating and keeping workers happy (employee well-being and professional development are top-of-mind for employees and hiring managers).What’s motivating the search among US workers for new employment opportunities? (Robert Half data)Impacts on workers and companiesWorkers’ financial and well-being concerns are shifting, according to recent Mercer research. The rise in awareness of work-life boundaries: The #1 action that employees are looking for is a “reduced workload.”How should individuals and companies plan for the changing world of work?Are workers who seek greater work-life balance as productive and more likely to be considered for promotion? Will they meet their goals for retiring on their terms? Building a resilient financial plan will help give you better control over your future and confidence in your career decisions.Pay attention to things outside of work that make you happy.
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