Thursday, August 11, 2022

How employers can adopt and maximise the hybrid working era

The past two years have marked the rapid expansion of hybrid working, where employees feel empowered to split their time between working from home, the head office, and a neighbourhood coworking space. Having experienced the benefits of hybrid working during the pandemic, employers are planning for a permanent shift to a hybrid model of work.

Technology’s impact on employee inclusion in hybrid work model

In a world where 63% of employees say a hybrid work model is their ideal work pact, only three in ten strongly agree that their firm provides them with the necessary tech to coact equally and inclusively from anywhere. This is according to Jabra’s 2022 edition of the Hybrid Ways of Working Global Report, carried out amongst 2,800 knowledge workers in 6 countries globally to understand sentiments and motivations in this hybrid working era.

76% of Aussie senior leaders plan to leave their business in next two years

According to a report by KellyOCG, the outsourcing and consulting business of Kelly. Over three quarters of Australian senior executives say they are planning to leave their firms in the next two years, which is higher than the global average. The second annual KellyOCG Global Workforce Report – Re:work, surveyed 1,000 senior business leaders in 12 countries to understand the talent challenges and risks facing firms as they emerge from the pandemic. 

Support for 40:40 vision expands to ASX300 to achieve gender balance

40:40 Vision, the investor-led initiative to achieve gender balance in executive leadership, has expanded to the ASX300 with media giant Southern Cross Austereo (SCA), homewares retailer Adairs, healthcare company Healius and insurer QBE among the latest signatories. Chief Executive Women (CEW) census data shows firms in the ASX300 are some of the worst performing when it comes to gender diversity in executive leadership, compared to the ASX100 and ASX50. 62% of all ASX300 firms have no women in line roles, meaning there’s no consistent pipeline to increase the proportion of female CEOs and executive leaders.

New study reveals what employers must deliver to retain workplace talent

A new study from global employee engagement firm Reward Gateway reveals the expectations of employees and goals of HR leaders as they adapt to a post-pandemic world and face record-high inflation rates. The survey of 3,799 employees and HR decision-makers in the UK, U.S. and Australia highlights that employees want support beyond a paycheck. 50% would like to see increased investment in employee reward. 49% of employees would like their employer to increase investment in mental, physical and financial wellbeing resources. Responses further indicate that these investments are more than nice-to-haves.

HubSpot in cohort with Asia Pacific’s top brands to grant upskilling services

HubSpot, the customer relationship management (CRM) platform for scaling companies, announced the launch of ‘The Great Upskill’, which will see brands across APAC including Google ANZ, MessageMedia, Meltwater, Seismic, and Aircall, give their employees a full workday during the week of May 9–13 to dedicate to upskilling and job-related learning. The movement comes on the back of research from HubSpot, which found 71% of Aussie workers wish their employer placed higher value on job-related learning and upskilling, with four out of five saying it’s bumped to the bottom of the to-do list when work gets busy. 

What can employers do to retain talent in light of tech skills shortage?

‘The Great Resignation’ has been at the forefront of every business leader’s mind since the beginning of the pandemic two years ago. But for Australians in particular, it’s further exacerbating the ongoing technical skills shortage that employers have faced for many years. Australia has had to rely on skilled migrant workers to fill highly-sought after technical roles, which only became more difficult when the international borders closed. Despite borders reopening and the business world returning to some semblance of normalcy, the technology skills shortage could worsen with the federal government’s announcement that it will halve the number of migrant workers entering the country on skilled visas in the next financial year.

Half of office workers willing to resign as labour shortage amplifies burnout

According to a study by UiPath, an enterprise automation software firm, majority of office workers are feeling increased pressure at work due to colleagues resigning in the past year. As a result, 60% say they would consider resigning from their jobs in the next six months. UiPath’s 2022 Office Worker Survey also found that monotonous tasks are amplifying employee unhappiness and uncertainty and that employees would welcome new processes and technologies such as automation to allow them to focus on work that matters. 

Pay rise expectations are soaring as the cost of living crisis starts to bite

Workers have high expectations of getting a pay rise and are ready to push employers to get it, reveals the ADP® Research Institute’s People at Work 2022: A Global Workforce View. In Australia, 61% of employees are prepared to request a raise in the near future, while half (49%) expect one within the next year. More than three quarters of workers globally (76%) say they are likely to ask for a pay rise if they feel they deserve one.

Wellbeing deficit leaves one in three workers considering quitting weekly

37% of workers think about leaving their workplace at least once a week. With talent retention top of mind for business leaders amid an ongoing critical skills shortage in Australia, research from workplace wellbeing platform Groov, shows a worrying trend among workers with 20% stating that they do not feel that their employer supports their wellbeing. The study conducted in March, surveyed over 1,240 Australians and New Zealanders, to reveal a link between wellbeing support at work and employee retention. Of those feeling unsupported, 55% had considered leaving the company at least several times a week.