In this two-part Blog, I discuss how the balance of power in business has shifted from employer to employee post-pandemic. In Part 1, I outline the changes and factors leading to the balance of power shifting. In Part 2, I workshop what business owners (employers) can do to tackle this shift in the balance of power.
Prior to the pandemic, employers had held the balance of power over employees. There had been no real wages growth for 8-10 years and Australia was close to full employment.
During the pandemic, and post-pandemic, there were emerging factors that have led to there being a shift in the balance of power.
Now employees have their hand on the tiller and are controlling the agenda.