This roundtable discussion explored the reasons behind the skills shortage and the barriers to attracting and retaining the best people.
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Technology
Deloitte discusses the key Global Human Capital Trends for 2023, shaped by data from its survey of 10,000 business and HR leaders across more than 100 countries. This Report highlights how organisations and their leaders are facing a pivotal reframing moment, as business and societal shifts continue to change the trajectory of organisations’ human agendas.
Going back to “the old way” of doing things is no longer an option as we move forward in the hybrid work era, especially after two years of positive outcomes for employees and employers alike. In fact, 62% of employees agree that their ability to work from anywhere impacts whether they stay at or leave a job.
However, with only 1 in 4 employees saying their company is ‘very prepared’ for the future of hybrid work, more needs to be done to embed hybrid work arrangements and reimagine the employee experience. Cisco explore more in this recent research study.
This report by Tap’d Solutions focuses on the term “hybrid working” and how it has become part of our vocabulary, a key Google search term and in cases, a reason why we have stayed or left our job. Hybrid working is not new, even though some commentators seem to think it is. It was in our midst long before the pandemic hit yet, in most cases, it was ad hoc and informal in our approach to it.
But now in this post-pandemic world, many job roles and functions have been accelerated by pandemic lockdowns into a “hybrid first” working style expectation by current employees and applicants. Attempts to force workers into the office for the majority or all of their time has been often met with resistance and has soured organisation cultures and engagement levels.
Nearly ten years on from Frey and Osborne’s 2013 study which warned that nearly half of jobs in the US were at high risk of automation, this report by the Resolution Foundation concludes that low investment and low productivity are more of a concern than robots taking jobs.
BCG X has partnered with the BCG Henderson Institute and MIT Sloan Management Review to analyse AI adoption and its impact on organizations, teams, and employees. This year’s analysis demonstrates that only a small portion of employees do not get value from AI, so organisations do not benefit from AI at the expense of their employees. Indeed, organizations with employees who derive value from AI are six times as likely to achieve significant financial benefits than organizations with employees who do not benefit from the technology. Companies benefit from AI when their employees do as well.
Based on a survey of 2,000 senior HR practitioners, this CIPD report explores employer perspectives on the four-day work week. It finds that a third of employers believe a four-day week will be attainable within a decade, and two thirds think this will only be possible if organisations become more efficient through ‘smarter’ working and embracing new technology.
This global survey of 900 business leaders and 1,800 knowledge workers explores how organisations taking steps to enable flexible hybrid work are performing against four key pillars that make hybrid working successful: tech empowerment, connection and collaboration, flexibility and fluidity, and trust and empathy. The report concludes that businesses find it most difficult to meet employee expectations in relation to work culture and attitude.
This report considers how tech leaders are responding to challenges concerning remote work, the downturn and the Great Resignation. Many are moving away from traditional hiring models, adopting new hiring criteria, embracing freelancers, and shifting towards ‘blended’ teams.