How it used to be: |
How it is today: |
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Employees did not plan to change jobs or companies too often. Employers did not trust those who changed jobs every few years.
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Employer = Caretaker. Companies laid off workers only when things were really bad. Workers planned to be in one full-time job long term.
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Employees stayed with one employer for a long time to get good benefits. Employers paid benefits based on how long you worked and your wage.
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Employees tend to change jobs every few years. Each move brings more skills and opportunities.
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Layoffs are more common. Workers see employers as customers. Full time employees act as contractors. Part-time positions are more common.
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Employees take their retirement plans with them when they change jobs. Workers are in charge of their own retirement plans.
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Read other "New World of Work" realities: