By now we're pretty used to challenging the status quo when it comes to how we work. Since the boom of the Internet, we've witnessed a fundamental shift in how, where, and when people work. Remote employees, freelancers, and being a part of an age where employment includes an endless list of digital consultants, means that the workforce is constantly changing. However, these changes are also inspiring more people to quit their jobs than ever before.
According to the Wall Street Journal nearly 3.4 million people in the US chose to give their boss their two-week notice in April of 2018.
However, this jump to ditch the day job, doesn't necessarily entail a boom in entrepreneurs. Instead, employees who leave their job are more likely to make as much as 30 percent more in a new role at a different company.
What's prompting this?
Namely unemployment rates are dropping and the economy is strong, right now. This always has an effect on workers' confidence levels and promotes risk-taking. And so far, it's paying off.
This type of confidence also accounts for why one in every six unemployed workers, is currently doing so intentionally. Meaning that a strong economy and job security have helped them to acquire adequate savings for prioritizing other pursuits besides a job.
More workers than ever before are leaving their jobs and feeling incredibly confident that they will find another one, shortly after.
For many, that's exactly what ends up happening, and often times, with a larger paycheck than their last gig.
As the workforce feels more confident taking strides here are my predictions for some changes we will see in the near future.
More people will go into business for themselves.
In an age where WIFi (and arguably caffeine) is the only impediment to doing work, more people will work for themselves by freelancing.
We've already seen a huge uptick in the number of self-employed freelancers since the economic recession of 2008. However, as employers and employees begin communicating more efficiently, I believe that more people will opt to take on their former employers as clients and focus on doing more streamlined work.
Instead of getting paid to sit around, attend meetings, and join in the water cooler banter, freelancers only get paid for the value they add, which makes this attractive to both sides.
More people are going to quit.
As someone who gets asked by dozens of people on LinkedIn every month whether or not they should quit their job, I feel pretty certain that this trend is going to rise. The fact is many people aren't happy in their current positions, and fear of a bad economy may have kept people in that holding pattern.
Today, I feel that we are starting to see workers taking more of an interest in pursuing better roles. Not only in terms of how lucrative their offers are, but how aligned they are with the strengths and responsibilities of these new positions.
Experience is everything.
With Millennials looking to innovate and create new norms in the workplace, my expectation is that we will see more people opting to get experience in multiple fields to round out their careers. Rather than staying stuck in one silo, job seekers will look to fill out their resumés, and make the most of their time as employees. This may also be more attractive to employers, who in the future, will be looking to hire fewer, but more well-rounded candidates.
At the end of the day, being able to execute is the most valuable trait in an employee, and my belief is that a multitude of experiences will help prep younger workers to take on any role that they want in the future.