Thursday, August 11, 2022

Business leaders need to double down on employee mental health

Headspace Health, the provider of accessible, comprehensive digital mental health platform, announced new data revealing the perceptions of CEOs and workers on mental health. The Fourth Annual Workforce Attitudes Toward Mental Health Report, based on a global survey fielded between February and March 2022, compiled data from more than 500 CEOs and 5,400 full-time employees in the, Australia, Germany and the United Kingdom and U.S to examine workplace issues driving stress and burnout among CEOs and their employees.

Toastmasters sought by Fortune 500 firms to develop employees’ soft skills

While the workplace landscape has changed drastically in recent years, one thing remains constant: the value employers place on their employees having to develop effective soft skills. Over half of the 2021 Fortune 500 companies offer in-house Toastmasters clubs to help build and improve their employees' communication, leadership, and public speaking skills. Apple, Amazon, Ford Motors, Exxon Mobil, General Electric, JPMorgan Chase, Northrop Grumman, Pfizer, State Farm Insurance, and UPS are among industry leaders using the Toastmasters program to enhance these soft skills and confidence of their employees. ­­

Compono appoints Trent Innes as CEO to lead next phase of growth

Talent optimisation software firm Compono has appointed Trent Innes as the company’s new CEO commencing 2nd May. Innes, who was the Managing Director of Xero Australia and Asia, will spearhead Compono’s next stage of growth into new markets and help the evolving needs of employers as they deal with severe talent shortages and a more remote workforce.

Hybrid working saves businesses $14,300 per employee on average

IWG, a flexible global workspace organisation with brands including Spaces and Regus, forecasts that the hybrid work model will continue to accelerate throughout 2022. As Australia’s labour market continues its recovery amidst the easing of workplace restrictions, more businesses are realising the economic, social and health benefits of hybrid working. Research shows that the adoption of hybrid work, and utilisation of flexible office space can reduce a business’s bottom line. Firms are now saving on traditionally fixed overhead costs including rent, heating, and support staff, adding up to an average of $14,300 per employee.

Employees choosing their preferred workspaces correlates to work bliss

Employees with full autonomy to choose where they work are happier in their job, yet only one in five are currently able to do so. And though 63% of all employees prefer hybrid working, only 45% are able to flexibly split their time between the home and office. This is according to Jabra’s 2022 edition of the Hybrid Ways of Working Global Report. Carried out amongst 2,800 knowledge workers across 6 countries, the report analyses employee sentiments and motivations around the physical workspace in the hybrid work era.

It’s time to thrive: Higher Logic launches new member platform

Higher Logic, a human-focused engagement platform, announces the launch of Higher Logic Thrive. Focused on the needs of associations, the Platform is an experience solution with a powerful, but simple approach to community, marketing, and member management.

How digital credential technology is shaking up the HR industry

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Have you ever discovered that a job candidate lied about a qualification on their CV? According to estimates by Australia’s Independent Commission Against Corruption (ICAC), 25% of people misrepresent their skills, qualifications, certifications or expertise on their CV. Employers are looking for a quick way to verify an applicant’s credentials and avoid the long-term costs of bad hiring. After all, the cost of a wrong hire is not only damaging to individual teams, but to company culture, employee wellbeing, and overall job satisfaction. 

New Verizon study says focus on meeting less to accomplish more

Companies rethinking their operations and almost every aspect of their business due to the pandemic is not new. What is noteworthy is seeing how businesses are leveraging lessons learned to innovate and improve their operations to meet customer and employee demands. In a new white paper published this week with Boston Consulting Group, Verizon Business CEO, Tami Erwin, and Verizon Business CRO, Sampath Sowmyanarayan, break down how something as simple as altering the way meetings are conducted can impact productivity, while providing insight, tips, and best practices from an extensive in-house experiment.

Back to the company office leadership tips for a smooth team transition

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With ‘work from home’ directives disappearing, employers are considering how to make the workplace appealing once again and how best to welcome back employees into the office. While leaders excited at the opportunity of gathering their teams back to their offices, many employees are keen to maintain a work-life balance that they have become accustomed to, and indeed many businesses are benefiting from, with more of a hybrid working model.

Research shows $4.7 gain per employee for a $1 invested in L&D

A new research report by DeakinCo. in partnership with Deloitte Access Economics, has revealed why L&D should be a strategic priority for every Australian business and the significant revenue gains associated with investing in L&D. The  business case for investing in L&D is incredibly strong, with a 1% increase in L&D expenditure per employee associated with a 0.2% increase in business revenue in the same year. In dollar terms, every $1 invested in L&D per employee generates an  additional $4.70 in business revenue.