Flexibility is the biggest motivator for employees to stay or go.
Getting a raise in pay may not be the best reason to stay with a company anymore.
Seventy-three percent of workers feel having a flexible schedule is one of their top reasons to stay with a company, says a poll from Capital One. And 85 percent say it allows them to think more creatively.
“Professionals today have high expectations for their experience in the workplace and what their employer provides for them,” says Stefanie Spurlin, a VP at Capital One. “By providing dynamic spaces to accommodate all kinds of work styles, companies can help facilitate the kind of collaboration and innovation that empowers employees to create breakthrough products and solutions for their customers.”
Workers want employers to give them the most amount of flexibility that caters to their work style. Flexible hours were the No. 1 priority employees are looking for in a new company. There’s a high demand for nontraditional workspaces and times, as most employees want to work anytime, anywhere.
Employees are leaving traditional jobs to work for themselves
Lack of flexibility might explain why the rate of independent (or contact) workers is on the rise. The best jobs allow them to work when they want — the ultimate flexible schedule. CareerCast has named accounts as the top job for independent workers.
“The ability to work with clients on a temporary flexible basis makes the prospect of taking on contract employment,” says Kyle Kensing, Online Content Editor at CareerCast. “Self-employment could approach as much as one-third of the employment landscape in the United States by 2020.”
Online-only work has helped propel many jobs to move remote, which has caused many workers to leave the office. But some sectors and industries haven’t grown as fast as some employees want them to, which can entice them to head off to work for themselves.
The top 10 gig economy jobs and their median salaries are:
- Accountant — $69,350
- Application Software Developer — $101,790
- Carpenter — $45,170
- Management Analyst — $82,450
- Marketing Manager — $132,230
- Multimedia Artist — $70,530
- Occupational Therapist — $81,910
- Plumber — $52,590
- Public Relations Specialist — $59,300
- Web Developer — $67,990
While online-related fields dominate the list, carpenters take the third spot. CareerCast says skilled trade is in high demand.
“Construction [is] one of the leading sectors hiring alternative employees, and specialized skill-trade workers in construction niches are in high-demand,” CareerCast says. “Shortages for licensed carpenters and plumbers equate to abundant job prospects, and the chance to demand higher pay.”
More millennials are moving into self-employment, so the rate of freelancers and contractors is only expected to go up.
Looking for work? Now is a good time to get it
It’s a great time to get work no matter what sector you’re in. CareerBuilder says 41 percent of employers plan to hire temporary or contract workers in 2018.
But if you’re not quite ready to jump into the self-employment sector, you’re still safe in the traditional job world. CareerBuilder says 63 percent of employers are looking to hire full-time, permanent workers in the second half of this year. This is up from 60 percent this time last year.
And it’s not just open jobs you should be excited about — 45 percent of employers are raising starting salaries for new job offers. Don’t worry, current workers, 58 percent of companies are boosting compensation for employees already on the job.
The only bad news comes to employers, as many companies report it’s taking longer than usual to fill positions.
“Low unemployment and increasing skills gaps continue to plague employers who are struggling to fill roles at all levels within their organizations,” says Matt Ferguson, CEO of CareerBuilder. “Fifty percent of U.S. employers reported that it is taking them longer to fill jobs today compared to any other period of time — a trend that is ultimately giving job seekers more leverage.”
Getting hired is easy; understanding insurance is hard
While you might have an easy time finding your next dream job, you’d be hard-pressed to figure out how new insurance plan works.
Only 10 percent of companies believe their employees understand how their health insurance works, according to a white paper from HSA Bank. Similarly, 15 percent are not confident in their workers to make the right choices when it comes to their health insurance plans.
“When employees do not understand their health plan options and the factors that influence health plan selection, they could end up making a costly mistake,” the white paper says. “Selecting the ‘wrong plan’ may cause employees to pay more without getting more coverage or benefits in return.”
The type of health insurance plan that an employee chooses can have a huge impact on their health — both physically and financially. HSA Bank says consumers can end up selecting the wrong plan because they don’t understand their options.
According to employers surveyed for the white paper, the most important part of a health plan varies, but out-of-pocket costs take the reins.
- Copay: 33 percent
- Out-of-pocket maximum: 27 percent
- Estimated annual cost of services (covered and out-of-pocket): 17 percent
- Share of premium: 12 percent
- Choice of doctors and hospitals: 6 percent
While copay is important, 35 percent of consumers don’t know how much they could end up paying with their current health insurance plan. Even as health insurance is too hard to understand, many still want it. However, health insurance is proving to be so expensive since even the rich can’t afford it.
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Article last modified on October 4, 2018 Published by Debt.com, LLC . Mobile users may also access the AMP Version: Want to Keep Employees? Let Them Work When They Want - AMP.