iGen or in other words post-millennial (1990s-2000s) generation will be looking for jobs soon.
They aren’t looking for the traditional organizational models.
This was no different when Millennials (1980-1990) started getting into the workforce, and they still are, according to a study by Gallup, a research-based company, 60% of Millennials are always looking for new opportunities.
Compared to Generation X (1960-1980), iGen is reported to be 14% more likely to ‘Job Hop’.
What’s the reason for this?
iGen is more interested in balancing life and work.
Some even would rather have more “life” than work.
A 2018 HAYS report surveyed 750 employers and 3,500 employees in the Middle East during 2017.
When asked why they might be looking for a different job in the next year, 9/20 said they needed a salary increase while 4/20 would do it for lack of internal opportunities at their current jobs.
5/10 answered that Life-Work balance was the most important factor in a job.
Several organizations are still not meeting this balance in a way to retain their employees, as the study showed that more than 31% are expecting to leave in the next 6-12 months.
What do statistics say?
A report by Statista showed how countries around the world have been overworking their employees.
In fact, if you were planning to move to Turkey be ready to work 60+ hours.
Statista showed that no less than 21% of employees there are workhorses.
Research conducted by AMEinfo shows that working hours in most of the GCC stand at 48 hours a week.
As per Article 98 in Saudi Labour Law, an employee in Saudi should not work more than 8 hours a day.
The law says that if the employer decided to readjust the working hours for any reason, it should not exceed 48 hours a week.
Similarly, work time in the UAE is set at 48 hours a week, and employers who force their workers to exceed that limit without paying them are violating labor rules.
Employers can have their employees work nine hours a day but must deduct this extra hour from their work time on another day in the week, according to the Labor Law in the UAE.
As for Bahrain and Kuwait, the Labour Law dictates that the hours of work shall not exceed eight hours a day or 48 hours a week.
According to Inter-nations, a guide for expats in 390 cities, Oman is an excellent place to be, if employees do not want to spend their whole time in the office. In Oman, employees’ full-time working week stands at a below-average 43.5 hours.
This may be the reason why seven in ten expats in Oman are happy with this flexibility.
The idea of standard office hours will become passé.
How about a 4 hour work week?
People will be measured on how to provide a great customer experience, demonstrating personal productivity, efficiency, and agility – all leading indicators of getting good results.
If you can take off a day without impacting your clients, who cares, the organization saves money and you get what you want, says A Great Place to Work, an HR Institute.
No vacation policies common in start-ups will become common in large organizations.
Organizations can start off by integrating a new timetable!
A study published by VoucherCloud.com surveyed about 2,000 people UK office workers and asked them if they thought during the 8h workday how many of those were productive.
“We are only capable of making 3 of those 8 hours productive,” most said.
And a book by Timothy Ferris shows how a 4h work week can make you rich.
The book describes 3 ways you can achieve this
1-Be effective, not efficient
2-Validate all of your business ideas; what this generally means is don’t think your idea is the winning one, i.e., see if people are going to agree, etc..
3-Charge a premium to make your life easier; take an example from Apple charges $500 for the basics and $800 for a minor upgrade only the rich will buy.