Research from EduBirdie, which analyses data from 2,000 Gen Zers in the US reveals that 37% of respondents want a job they enjoy, while 31% say money is more important. The research shows that family and relationships are one of GenZ’s most important priorities (69%), followed by health and wellbeing (62%) and financial stability (55%).
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Demographics
The world of work is undergoing profound and extensive disruption. Large-scale trends are transforming work, workforces and workplaces. The legacy of the pandemic has combined with a tense economic and social landscape, presenting businesses with significant challenges. How can businesses best navigate this increasingly complex environment? And, if you are in HR or have people responsibilities, what are the key strategic issues and areas of priority action for 2024 and beyond?
This report by the Inclusion Initiative at the London School of Economics, in collaboration with Protiviti, highlights the importance of bridging generational divides to improve workforce productivity.
This recent study by the Institute of Labor Economics introduces the ‘Individual Inclusiveness Inventory’, which captures what makes an individual inclusive of others at work. The report proposes a two-factor solution including ‘Belonging and Uniqueness’ and ‘Challenge and Openness’.
Randstad’s latest Workmonitor report surveyed over 27,000 workers in 34 markets globally, finding that employers need to rekindle connections with workers to understand their needs and desires. Work-life balance, flexibility, equity and skilling are now the driving force behind career decisions.
This report from PwC reveals that 60% of businesses say that skills gaps in the local labour market hold back the transformation of their business – the top barrier globally. The research highlights how a skills-first approach - that focuses on an individual’s skills and competencies for a particular role, rather than how the skills have been acquired - can help employers tackle global skills and talent shortages, adapt to the digital transformation, and get ahead of the green transition. Drawing on an diverse set of Skills First examples, the report offers key takeaways regarding success factors in implementing skills first approaches.
This report from the International Centre for Migration Policy Development examines various important dimensions and developments of migration, including the ‘coming of age’ of labour migration in Europe, which is expected to take on additional speed in 2024.
This report from WorkL analyses data from more than 300,000 employees across 60,000 organisations globally, reporting that 2023 was a challenging year for employers and employees alike.
Manpower Group’s recent report surveys 40,077 employers across 41 countries, finding that 75% of employers report difficulties in finding the talent they need, with employers in the Health Care and Life Sciences industry reporting the greatest difficulties.
The International Labour Organization’s recent report reveals a complex global employment scenario; with an extra two million workers expected to be looking for jobs in 2024, the global unemployment rate is set to increase, yet growing inequalities and stagnant productivity persist and are causes for concern.