Are you noticing?
Kelly Monahan is a behavioural scientist who has researched the future of work through the lens of what motivates people to be their most productive and innovative.
Kelly states that there are a number of things that humans require and one of them is the stability of:
- Working hours
- Working relationships
What is significant is Australia is marching in the opposite direction towards instability.
- 38% of people in work are below the poverty line.
- 11.4% underemployment which means people need more work to meet their financial needs.
- According to a Victorian 2018 inquiry into the on-demand economy; many gig workers are effectively paid less than the minimum wage.
- Most Australians can’t cover $1,000 in case of emergency.
In America, working adults said they either would not be able to cover an unexpected $400 expense through savings or their credit card or would have to cover it by selling something or borrowing money.” (Chapter 1 Edge of Chaos).
- Working hours
- One in four Australian workers is casual. Half of those have no guaranteed hours.
- Two million of our over 12 million working Australians are casuals or independent contractors. (ABS)
- Part-time work is rising
- Normalisation of insecure work. When people enter or re-enter the workforce, they are more likely to get insecure work.
- Non -permanent staff now account for 42% of workforce spending. (Hays recruitment)
- Working relationships.
The impact when working remotely on working relationships has not been studied fully, however, the top two predictors of health are our social connections and support.
- Middle management positions are being lost. Yet research says this is the most important role to maintain is this position. This is because people are 2 X more resilient and 3 X more likely to be engaged when supported by their direct manager.
- Employee analytics are being used to measure and give feedback.
- Covid-19 has encouraged the need for contactless interaction.
- Gig workers are hired and fired via an app.
What is the impact?
Chris Bowen a federal politician in a recent speech said that research states the result of insecure work is:
- “Workers in insecure jobs face increased stress, anxiety and other mental health challenges, and studies indicate the fear of losing a job is “just as harmful as the actual experience of unemployment”.
- “Taken together, 21 studies show a 34% increased risk of heart disease for insecure workers, and these health impacts are most prominent where job insecurity is thrust on people by circumstances beyond their control”.
- We are in danger of creating ever-increasing inequality.
What can we do about it?
Believe you have choice.
Keep informed, have a voice and influence where you can.
I presented some of this information at a business luncheon held at the Brisbane Club in November 2020.