Are you in the process of trying to figure out how to manage your business during the Great Resignation of 2022? Forbes, amongst many others, claims the Great Resignation has turned into the Great Reshuffle in 2022, and small business owners feel that shift daily. How can we pivot?
First, let us look at who is leaving their jobs. The MIT Sloan Management Review claims the retail, food, and hotel industries have the highest attrition rates in 2022. Why? Those jobs were the most affected by the pandemic. So now that you know those are the industry employees who are reshuffling, how can you make that work for your business?
Second, consider why people are leaving their jobs. A research study from Paychex and Executive Networks found that 85% of employees reported unpredictable work scheduling affects their overall well-being. An unpredictable work schedule makes for a distressed employee. A distressed employee makes for an employee looking for a new job.
Now more than ever, people in the job market are redirecting and searching for a predictable yet flexible work schedule. Why? Because people are putting their families and well-being ahead of work. Is it that shocking? Well, no. The pandemic forced many people to reconsider their current jobs, move to get new certifications, and hunt for a job that would enable them to put their families first.
Lastly, let us take a look at the trending workforce. Remote work has changed the job market considerably: higher productivity, flexible work schedule, etc. How does that affect small businesses? If a small business can take on remote employees, then it is a significant change. As a result, small business owners can prepare for growth while cutting down costs in the meantime.
All three of these topics are connected, and knowing this information is imperative in helping your small business continue to grow during the Great Reshuffle. So, we can go back to the first question: How can we pivot to fit in with this reshuffle?
- Know what jobs can be remote within your company, and make them remote
- Cut costs by hiring someone out-of-state
- Pay for productive hours or completed projects
- Prepare for training
- Prepare for training ahead of time by capturing the knowledge in your business
- Document processes and procedures performed by current staff today to ensure proper training upon hiring more staff
- Implement organized processes at the start of the hire
- Hire character
- Our favorite unpopular opinion is hiring based on character because you can train almost anyone.
- Small business owners cannot afford to hire untrustworthy staff
- Look and listen for signs that match the character of the type of person you value
We encourage and help small business owners to pivot and grow during the Great Reshuffle in 2022. Contact us if you need help with business documentation and documenting your business procedures and policies! We thrive on organization, even if business owners do not.
