Versatile working practices are key to serving to employees climate the cost-of-living disaster, particularly older individuals who now discover themselves unable to afford to retire.
Primarily based on a survey of 4,500 individuals and 500 enterprise homeowners*, Sonovate’s ‘Future World of Work’ report reveals that just about half (45%) of all employees assume freelance working will enable extra individuals to get again into work or earn extra earnings, as they search to ease the monetary burden brought on by a rising value of dwelling.
Six in ten (61%) felt that freelancing was a approach to assist older individuals too, after they can’t afford to retire. This can be a reversal of the ‘Nice Resignation’, a time period coined in 2021, describing the document variety of individuals* leaving their jobs following the beginning of the Covid pandemic in demand for extra versatile working. For these older individuals, flexibility is now very important to assist them stay within the workforce so long as they should, significantly given hovering inflation and excessive power payments.
Now in its second 12 months, the ‘Future World of Work’ report reveals that flexibility, which was an enormous driver for change after the Covid pandemic, stays as vital as ever and continues to be a key requirement for employees (57%). In a step on from final 12 months’s findings, nonetheless, flexibility is now more and more seen not solely as a ‘good to have’, however as a necessity for each companies and employees.
Two thirds (67%) of companies say they count on to see an growing proportion of their employees made up of freelance and contract employees as individuals search flexibility and employment on their very own phrases, maximising their incomes potential. Almost seven in ten (68%) assume corporations have an obligation to supply extra flexibility to their employees to make sure they don’t get into monetary issue and employees really feel assured demand for his or her providers will stay – lower than one in 5 individuals (14%) are frightened about freelance work being extra precarious.
Richard Prime, co-founder and co-CEO, Sonovate, mentioned:
“Flexibility hasn’t, till now, been a pure bedfellow for companies, however corporations are acknowledging greater than ever that they have to embrace rising calls for for versatile working, as employees navigate rising inflation and the present recession. Employees are demanding flexibility in lots of guises and companies have to turn into rather more artistic about the way in which they construction themselves – culturally, operationally, technologically and financially – to fulfill these incoming calls for and help their employees on this difficult local weather.”
The ‘Future World of Work’ report combines this quantitative analysis with qualitative interviews from enterprise founders, CEOs and thought leaders throughout the recruitment, monetary providers, fintech and know-how sectors. Will probably be revealed in full subsequent month.
