The Covid-19 pandemic has led to many workplace changes, and the effects of such changes are not always good for employees. This is particularly true for the HR sector, as a new global study shows a large segment of HR executives feeling undervalued in their positions, and they are ready to quit jobs even without another job in their hands.
This phenomenon is being called the ‘Great Resignation’, and it will lead to large-scale cultural changes across organizations. The hybrid workspace model has made talent acquisition and retention extremely difficult for the HR sector, along with other challenges such as digitization and engagement. Since the work-from-home trend during the pandemic has drastically changed workspace requirements, creating an equitable workspace for employees is extremely difficult for HR managers.
Most HR teams are still expected to work from the office, and this is leading to what is commonly known as FOMO or fear of missing out. The fact that working from home allows a much greater level of flexibility which is not being made available to the HR sector is leading to at least a third of them thinking their peers will be advancing faster than them.
HR executives primarily in the tech and private equity sector are feeling burnout. 80% of the workforce still continues to work from home, and thus HR executives have expressed that the boards are unable to understand their requirements in the workplace. This global phenomenon is here to stay and is a cause of massive worry within many industries.
Due to the hybrid working model, the need for qualified HRs is absolutely important, however, the demands are rarely being met. Whether some drastic changes will be introduced in the near future to upset this trend is yet to be seen.