Thursday, August 18, 2022

Rising wage inflation and interest rates top the list of concerns for SMBs

Rising wage inflation is the top concern for SMBs with over 70% of small-and-medium-sized-enterprises worried about increased wage costs impacting their business this year. According to the latest SME Growth Index by Australia’s non-bank business lender, ScotPac, 75% of larger SMEs (revenue between $5 – $20 million) are worried about rising wage costs, with 68% of smaller SMEs (revenue between $1m and $5 million) citing an increase to employee expenses as their number one concern for reaching revenue targets this year.

Over half of Aussies would prefer flexibility over a four-day work week

As the idea of a four-day work week continues to gain traction across Australia, new Qualtrics research reveals more than half of full-time employees in the country (60%) would prefer the flexibility to work whenever they want over one-fewer days at work (40%). Flexibility is also a bigger driver of retention (53%) than a four-day work week (47%).

Aussie workers willing to sacrifice pay for flexibility reveals new research

Aussie workers are placing emphasis on flexibility in their working lives, and are willing to sacrifice overall pay, according to the ADP® Research Institute’s People at Work 2022: A Global Workforce View. In Australia, 6 in 10 workers want more flexibility over how they structure their working time, for example, compressing hours down into fewer, longer days.

Data literacy training vital to firms retaining talent finds Questionmark

According to Questionmark, a key challenge facing firms monitoring the data literacy of their workforce is establishing who is literate and who is in need of training. Despite assessments being a vital solution to this, able to identify data literacy gaps and provide businesses with a means of measuring progress, many employers refuse to invest in this type of training.

Globalization Partners launches new solutions to remote work and hiring

Globalization Partners (G-P), the Employment Platform™ that makes it fast, simple, and compliant for firms to hire anyone, anywhere – announced global availability of G-P Recruit, G-P Contractor, and G-P API. Now it is even easier for companies to find and hire talent - efficiently and ethically – anywhere, as quickly and easily as they would hire talent locally.

Instant Offices reveals a 97% internet search increase for burnout solutions

Exclusive data from Instant Offices, has revealed that there has been a dramatic 97% increase in AUS searches for “how to recover from burnout”, showing workers are mentally drained and overwhelmed in today’s demanding work-life climate. The data also shows that searches for “burnout symptoms” are up 68%, and “sign of burnout” are up 62%.

Performance management tips to help the HR build high-performing teams

Traditionally, performance management has sucked. Its value was more akin to a corporate compliance process or box to tick rather than a tool for firms to build high-performing teams. Its purpose has been twisted for so long that the concept of performance management has become misaligned, leaving HR managers with a perception battle of what it means today.

Emburse study finds that over half of Aussies prefer hybrid work schedules

Australians are eager to see their workmates, but not for the whole week, according to a survey by Emburse, a global leader in spend management solutions. The research aimed to better understand what office-based employees want most in the post-pandemic workplace.

71% of employees unhappy as firms ask them back to the office full time

As companies return to work in post-restriction Australia, the conflict about the office's role between business leaders and employees is generating tension that a new RMIT Online report calls "The Office Clash." The report "The Office Clash: How back to work policies are dividing management and workers," identifies management and employees have divergent views on how we should work, the impacts of the current changes and the future of the office.

Why business leaders and HR need to care about microcredentials

The world of work is experiencing talent dynamics like we’ve never seen before. Even during the Global Financial Crisis, we didn’t see the pace of change that’s happening now. Entire industries are being forced to come to grips with the fact that talented employees want to work differently, off the back of the pandemic. On the other hand, there are industries where mass layoffs and restructures have created job uncertainty and unemployment for many.