Friday, October 7, 2022

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. 

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.