Has Work Grown More Transactional? It’s Complicated.
What is commonly referred to as “loyalty” between employers and employees has eroded for decades. Does the weakening of implied contracts mean that work has become more transactional?
The expectations of mutual commitment that once anchored work have frayed, as employers offer less long-term stability and employees change jobs more often. Flexibility is key to both sides: Workers want more control over when, where and how they work, while companies seek the best ways to weather volatile markets, rapid technology changes and soaring benefit costs. Our exploration asks what happens when both sides are redefining how work fits their needs — and defines pathways for organizations based on models that work. How are employers restructuring work to add value to the bottom line as well as attract and retain talent, from recent graduates to seasoned executives?
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