Power of the Employee

Since the start of capitalism, the ones who controlled the companies and designated employees’ positions and salaries were the ones who decided the rules. Workers who were offered a job were often indoctrinated into a philosophical belief system where they thought they should be grateful even to have a position. In recent years, power has shifted from employers to employees. In many industries and regions, there are more job openings than there are qualified candidates to fill them. This gives employees a stronger bargaining position, as employers are more likely to offer higher salaries, better benefits, and other perks to attract and retain workers.

Furthermore, the rise of social media has provided greater transparency about the workplace and increased awareness of working issues. Recruiting is no longer about offering people a spot or about attracting employees with high salaries and bonuses. Firms must be creative, include employees in decision-making, give them the ability to develop themselves, and offer flexibility. In 2023, amid a looming economic downturn, organisations will continue to face significant challenges - and how they respond could determine whether they are an employer of choice. How can both companies and employees distinguish themselves in the changing labour market? What are the downsides to this new way of recruiting?