Skilled People leaving the formal sector.
Skilled People, leaving Formal, work environments, not even working on a Hybrid basis, but leaving companies and consulting as entrepreneurs.
With acknowledgement to Businesstech, as published on Google.
An article in BUSINESSTECH, reports that the skilled workforce globally leaves formal jobs working independently as consultants from home and selling their skills on a much wider basis as entrepreneurs.
In 2021, and I quote Ryan Silberman, advising that “a quarter of America’s total workforce resign from their jobs” – this happened after Covid 19 started to ease globally.
In South Africa, we are starting to see the same phenomenon, and I quote “at the end of last year, 2021 Old Mutual’s reward platform Remchannel revealed an employee turnover of 16%, across all sectors and 69% of its survey indicated that companies are battling to attract new employees or retain existing talent”.
This leaves a twofold challenge for an Insurance and Risk manager, to compete with these entrepreneurs for contract work that companies are forced to outsource, and this is an area that suits, the business model of Sollie Stols Consulting.
The other opportunity is the training services that stem from this phenomenon. The opportunity to provide multi-level training to staff who now entered the market is theoretically well qualified, but there is a need for business and product training.