Invest in your Virtual Workplace to take advantage of The Great Resignation

As we enter 2022, we can’t help but wonder how the job market will change over the coming year. 2021 was a year marked by “The Great Resignation”. But is it likely that this year will be different?
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Read time:
5 mins
Author:
Shay O'Carroll
Date:
June 13, 2022

The Great Resignation was one of the many main headlines of 2021. The UK Labour Force Survey (LFS) published by the Office for National Statistics reported that 391,000 people resigned from their job in the UK between July and September 2021, leaving their jobs in search of something that better suited them. Why are people leaving, and what can this teach us about the state of the working world?

Why are people leaving the labour force?

You may be wondering why so many people are dropping out of the labour force. It appears the top reasons for changing jobs or quitting paid work include childcare and health concerns, particularly with the continued concern over the different variants of Covid-19. Other reasons include burnout, searching for better opportunities in their industry, self-employment, or changing career completely. Some industries have seen a higher rate of quitting than others - particular hospitality, retail and healthcare. 


Other industries haven’t been as poorly affected, particularly those with desk workers who have the privilege to work from home. In fact, offering remote and flexible work is a massive advantage for recruiters. According to Burns Sheehan, the most important factor when influencing a candidate’s decision to take a job is whether or not the employer offers Work From Home flexibility. 


What does this tell us about the future of work?

Although the large levels of employee resignation can be daunting, think of it in a positive way. The employees who are at your workplace are there because they’re happy. There’s less of a tolerance for working somewhere that doesn’t align with the vision and purpose of the business. Now might be the time, however, to focus on your company values and consider how you can reflect this in how you treat your employees. Take wellbeing initiatives for example. Homeworkers should also benefit from the schemes, and feel part of a team as much as possible.


Hybrid and remote working is here to stay, and it’s often what employees prefer. Take the tech market for example, which has been one of the industries that embraced working from home. It is the busiest we have ever seen it, with most candidates having multiple opportunities on the go within a day or two of job searching.


However, it can be difficult for businesses to offer complete remote work flexibility to all staff. Logistics can be challenging, particularly for larger corporations. What’s more, it has been debated that individuals at the start of their career might benefit and appreciate being in the office, whereas people who are later on in their career might appreciate being at home. Offering employee choice within a framework could be key here. 


Practicing remote employee wellbeing is an advantage

How businesses once approached employee wellbeing has also changed overnight. Previously, the leaders in employee wellbeing invested in their office space, erecting slides, ball pits, free food and social spaces. Now, however, many of these need to be rethought. Improving technology and making the workday as seamless and as immersive as possible will make the day more enjoyable for employees. If your company isn’t doing this, another one probably is. Enriching your employees with wellbeing activities they can do at home, from yoga to minigames, to meditation makes the working day more enjoyable. 


Invest in your Virtual Workplace

Company cultures are evolving, and they will continue to evolve until the end of time. What’s important for business leaders to understand at this time is it’s the turn of the employee to dictate how they want to work. This business evolution is a collaborative process now, and listening to your employees’ wants and needs has never been more important. Investing in employees is how cultures should evolve into something positive and beneficial for everyone.


One serious concern from multiple people who work from home is the feeling that their team has been fractured. They don’t talk to their colleagues like they used to and companies are losing their culture. But it doesn’t have to be like this. Investing in the Virtual Workplace is one thing companies can do to future-proof their business. 


The Virtual Workplace brings the workforce together no matter where they are based. Employees can chat with colleagues again, walk through the Virtual Workplace and say hello to colleagues. No more draining Zoom fatigue - now calls can be with avatar versions of your colleagues. Based in the metaverse, the immersive 3D Virtual Workplaces use avatars to create presence and bring fun back to the workplace.


Not only that, but 3D virtual events can be held in the Virtual Workplace, making your white-label, customised space even more useful. 


With the almost overnight adoption of remote working for most desk workers, it’s clear that changes in technology can happen quickly. Businesses need to be prepared to offer their staff the best they can - the world of work has changed, with the move to an employee’s market. Businesses that don’t invest in making hybrid working an enjoyable experience will struggle to attract and retain the best talent.


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