This report from ManpowerGroup reveals an increase in hiring intentions from the previous quarter, signalling that employers are adjusting to ongoing economic challenges and are keen to secure the talent necessary for growth. In terms of workforce trends, the survey finds that when it comes to negotiating pay, working location, and flexible working hours, employers believe they hold the power. At the same time, however, increasing work-life balance emerges as the top priority for employers as they focus on increasing worker retention. Employers are also increasingly implementing or planning various measures to better support their LGBTQIA+ workforce - key strategies include diversity training, increased representation, and promoting inclusive language.
Workday’s latest report reveals an increasingly competitive job market for employees, with the number of job applications growing four times faster than job openings. At the same time, top performing employees are quitting their jobs to look for better opportunities. The research highlights that among industries, 45% saw a decrease in overall engagement, attributed to the lingering impact of layoffs, divisive return-to-office policies, and slower growth. Meaningful work and feeling of accomplishment were found to be critical for employees to remain engaged and loyal.
This report by IBM and Oracle reveals that only 50% of organisations are clearly articulating their future of work vision to their people and this lack of open communication leaves employees struggling to make sense of how their job roles will evolve. The research highlights that organisations need to first envision generative AI not as a standalone, but within the context of their workforce. This framework can reveal untapped potential and reinvent workflows – in effect, a new vision of the future of work.
Docusign’s latest Digital Maturity report reveals a stark productivity and efficiency paradox for employers: while technology investment is increasing, workers are wasting more time on manual processes – and more are considering leaving their roles due to frustration with existing processes and ways of working. The report recommends that business leaders must refine their digital strategies to areas that will deliver the greatest value: from streamlining repetitive work to empowering workers with AI, nurturing latent digital skills that already exist within the business and bolstering security.
Recent research from Deloitte reveals that UK workers are taking matters into their own hands when it comes to keeping up to speed with the latest generative AI advances, finding that nearly a third (31%) of UK employees who use generative AI for work access tools which they personally pay for. The survey findings highlight that in order to create more accurate, reliable results and mitigate Gen AI risks, organisations must prioritise ethical considerations, integrate them into the development process, conduct regular audits, and engage with stakeholders to gather diverse perspectives. The bottom line is - if organisations do not start building a strategy to use Gen AI now, they risk falling behind their employees who will start building their own standards.
This report from PwC explores the nature and drivers of change experienced by employees, along with their perceptions, concerns, and needs regarding digitalisation and upskilling. The research reveals that employees face the dual realities of workplace transformation - while there is a sense of optimism, employees are also fearful of evolving workplace demands and a volatile environment. Generative AI technologies are rapidly becoming an integral part of daily work routines, with employees increasingly embracing these tools and recognising their productivity-enhancing capabilities and potential to enhance job security, pay, and job efficiency. The survey findings also reveal that while job satisfaction has improved compared to previous years, employees are more inclined to pursue career advancement, e.g. asking for a pay raise or promotion, or switching employer. Pay-for-performance, work-life balance and job enhancements are factors that are found to increase employee engagement. The report concludes by setting a range of priority actions that employers and business leaders can take to empower their employees through this transformative period.
This report by the Work Foundation reveals that three in five (61%) of UK business leaders agree that there are significant differences in work culture preferences among employees from different generations, with employers highlighting that the greatest difference is their work-life balance expectations. Seven in ten agreed that their organisation benefits from the diverse perspectives brought by a multigenerational workforce, but the evidence suggests doing so requires employers to take proactive action. The report offers a set of recommendations to assist employers in achieving an inclusive workplace that promotes better health, wellbeing and increased productivity.
The CIPD's latest quarterly Labour Market Outlook report reveals that hard-to-fill vacancies remain prevalent - among employers surveyed, 37% have hard-to-fill vacancies. The research finds that employers are increasingly looking at ways to improve job quality, possibly to mitigate the impact of higher workloads. It recommends that employers consider the different aspects of work that will improve the employee experience, including autonomy, career progression, training, voice and work-life balance.
The International Labour Organisation's 20th Global Employment Trends for Youth report reveals that continuing high rates of 15- to-24-year-olds who are not in employment, education or training, and insufficient growth of decent jobs are causing anxiety among today's youth, who are also the most educated youth cohort ever. This year's report also looks back at what has been achieved in this century to improve young people's working prospects and considers the future for youth employment in an era characterised by crises and uncertainties. Looking at longer-term trends, it concludes that there are not enough high-skilled jobs for the supply of educated youth and highlights that keeping skills development on pace with developing demands for green and digital skills will be critical to reducing education mismatches.
This report from Boston Consulting Group and Nasscom reveals that while women in tech exhibit high career ambitions and recognise the importance of generative AI for their professional growth, they face challenges such as knowledge gaps, limited access to emerging technologies, and concerns about competence scrutiny. The report explores how generative AI can be a catalyst for women, historically underrepresented in technology roles, to overcome barriers and excel in their careers. It highlights that companies with diverse leadership teams not only promote equity but also achieve superior financial performance and can develop ethical and effective AI systems, identifying and mitigating biases while driving innovation.