Publication
International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Global | Publication | December 15, 2021
As explored in our last paper, the adverse economic, financial and other effects of the pandemic created uncertainty in the minds of employees and business leaders. The last year or so has been tough for many.
Businesses have experienced layoffs, closures and risk-minimisation behaviours like hiring freezes.
Employees (even those unhappy with their current job) perhaps felt enough security as an established part of their work team to outweigh the risks associated with seeking a new role, particularly given reduced numbers of job opportunities.
Now, as economies kick-start, borders reopen, social restrictions lift, business sentiment improves and medical risks reduce, the demand for key talent is reported to be greater than supply in many countries. We now face an employees’ market, and a period of low wage growth in many countries is due for reassessment.
Lockdowns and working from home gave many employees the opportunity to reflect and realise what they wanted from work. They now want work that suits their life and if they’re not happy, they are willing to resign.
Many recent surveys of employee intentions confirm the reality and scope of the looming ‘Intent to Resign’ challenge facing businesses worldwide:
The good news is that this incoming global ‘Intent to Resign’ risk can be influenced and reduced by forward-thinking leaders who are willing to:
The first step in this process is understanding how and why employees have rethought their relationship with work. This will be explored in our next paper.
Publication
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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