Labor market is going through a dramatic change of quitting job indicating employees have all the power in workplace but in reality it is just that employees are now able to change jobs more frequently than before with fewer consequences. Research indicating this trend will be carried on over time with even larger intensity as switching has become a comfortable option for many. Following shows how people started believing that the market is candidate driven.
Another interesting fact of workplace revealed in recent studies is that disagreements are inevitable but people who work in the work group never gets into disagreement. To them agreeing with someone is easy than confronting someone, at least in the short run. It is because of the fear of conflict, but ultimately it leads them to a point when they feel that quitting job is necessary for them as their thoughts are not matching with others in the company. Lack of communication with others in the work place make workplace unproductive along with ultimately employees quitting job.
Good managers should deeply keep in touch with the employees to find out issues related to leaving the employer and solving those issues promptly. One of the survey result shows that most of the switching is done at the first three or four years and it declines over time, which indicates those who stay longer in a company get adjusted with the environment. But for those who could not adjust, the responsibility of line manager is to communicate more with their employee to solve issues.
In the realm of global corporate leadership, one name resonates loudly across industries and regions: Indra Nooyi, the former CEO of PepsiCo. Hailing from the diversified India, Indra changed the face of PepsiCo when the brand was witnessing dwindling popularity. After she stepped down as the CEO after 24 glaring years in PepsiCo., market analysts are terming the position “very hard to replace” in wake of Indra’s bold and thoughtful leadership style.
This year, the theme for International Women’s Day is aptly kept- #BalanceforBetter. In Bangladesh, Ready Made Garments (RMG) has been the frontrunner in empowering females, where 4 million women found their earning source. Over the years, SME sector has also witnessed surge in active women entrepreneurs, who are highly motivated and aspired to take their business to a whole new level. The growing participation of young female entrepreneurs in F-commerce realm also deserves accolades. In corporate level, however, an unbalanced trend is discerned as we move up along with the hierarchy ladder. Female employees start falling out as they move to the mid-level in career and start having their own family responsibilities, resulting in a vacuum in top leadership positions. In many research and survey conducted internationally, it has been reflected that women make difference in the boardroom and in the company culture when they are put at helm of a company. It is high time, local corporates should recognize the fact and start working on the female potentials to the betterment of the company and coming up with suitable initiatives and facilities for them. Perhaps, down the line, Bangladesh may give birth to a number of Indra Nooyi’s who will change the face of the total economic scenario with their prudent leadership skills.Download View