YOLO: The Benefits That Matter for Workers Now - Sam Slade

Sam Slade, Business Contributor

YOLO: The Benefits That Matter for Workers Now - Sam Slade

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Spurred by the pandemic, millions of Americans are quitting their jobs or rethinking what they want to do. As employers struggle to find ways to attract – and keep – workers, it may not just be better pay you need to offer.

The You Only Live Once (YOLO) economy is characterized by a workforce that is constantly looking for a new job. And that means companies have to get creative.

Here are 7 ways your organization can address the Great Resignation or Great Reshuffle.

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1. Offer remote or at least hybrid work. Employers who mention these options in job ads get 7 times the number of responses from applicants than those that don’t.

2. Articulate your purpose. Employees, particularly Millennials and Gen Z workers, want to do a job that matters and work for a company that aligns with their values.

3. Clearly define and articulate your purpose and so workers can see you as a fit.

4. Allow workday flexibility. From a 4-day workweek to a 9-3 day, consider allowing modified schedules to appeal to workers’ desire for a better work-life balance – and show you’re investing in taking care of them and their families.

5. Provide a variety of opportunities. Instead of workers having to leave to find a new role, offer plenty of opportunities with new and different responsibilities so they can secure a more rewarding job internally.

6. Show employees you care. Workers want compassionate leaders who care about what matters to them and act on those priorities. To find out what they want, engage in meaningful communication and really listen.

7. Help them develop. Especially among younger workers, who say learning is the top thing that makes them happy at work, ensure you offer plenty of ways for them to learn and grow in their careers.

By being proactive, you can help employees find the opportunity they’re looking for – without ever leaving your company.

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