Working 5-8 years with one employer was considered normal earlier, but with a shift in employee priorities and work culture, 15-18 months seems to have become the new long term for employees.
The phenomenon is getting fuelled not just by the ‘great resignation’ but a host of other issues as well, including opportunities, the confidence to lead a better life beyond one’s salary, the work-from-home ecosystem, and a hassle-free recruitment process that is online rather than offline.
Both employees and employers seem to have understood that workplace culture has changed. The talent crunch is real, at least for now, and changing jobs is not being seen as a taboo. Even young employees and talent managers argue that priorities have changed and that quality of work, and “enjoying the work you do” have taken precedence over monetary gains alone. They argue that this is a new phenomenon that will pick up pace, and last for at least a decade.
“The average tenure of employees has drastically decreased from let’s say 30-36 months to 12 to 18 months,” says Pawan Alamchandani, global head, human resources, at Vinculum Group, a technology firm in the retail SaaS solution space.