Whether you’ve accepted it or not, the way you work, how you do business and most importantly the attitudes of people you employ are changing.
Business owners who intend on being successful over the long term must adapt quickly in order to keep up with the evolving workforce. The employment ecosystem is changing rapidly and is on the verge of dramatic upheaval. The consequences will have a profound affect on not only how you hire candidates but the way you run your business.
The new generations of workers are looking something different then the previous generations, but that’s something you already knew. Every generational shift leads to change but this time it’s different, it is more widespread and is not limited to the new generation.
“Shelf-Life”. Shelf-Life is the estimated duration of time that an employee will stay with a particular employer in any given role.
In most HR circles we refer to this as an employee’s “Shelf-Life”. Shelf-Life is the estimated duration of time that an employee will stay with a particular employer in any given role. An employers “Shelf Life” business model refers to hiring a resource that will stay with your company for a relatively short period of time knowing they will contribute a disproportionate amount to the company’s goals during that short period. Essentially, you are hiring someone that can get his or her task done now, and contribute to the advancement of your business without a long-term career path or plan.
Herein lies the generational shift. My children’s generation isn’t thinking the way my father’s generation did. My father was more concerned with job security, pension plan and tenure. Once upon a time companies were awarding the preverbal “Gold Watch” after 25 to 30 years of service. That doesn’t happen as often as it used to, especially not in the high-tech industry. Nowadays staying with an employer for more that five years without any significant career advancement can be viewed as a sign of weakness. This is the thinking of the latest generation of workers. They are constantly looking for a new challenge, something different and they are not comfortable with complacency. They’ll change how they look for jobs, occupations and location until they get the right fit. As an employer you need to recognize this situation and embrace it because the odds are slim that you’ll be able to change it.
There is a general unsettledness across all employment sectors. This uneasiness will drive a number of trends that will deeply impact the way you hire candidate and contractors. They are asking for fulltime employment, but with an understanding they may go as soon as the job deviates from its original description. What this means for employers is that they must have a paradigm shift of their attitude than previously; They must recognize that every employee has a shelf-life, and the sooner you accept it, the quicker you can take advantage of it.