Flexible Working

Talent Trends - Has 'Flexible Working' come to an end?

December 4, 2022
Wellness Tribe Team

Employers who have grown accustomed to flexible employment arrangements may soon face an unpleasant surprise.

On LinkedIn's behalf, a study by YouGov surveyed nearly 3,000 executives from organizations with at least 1,000 employees and at least £250 million in revenue ($288.5 million).

According to these statistics, remote job postings are declining. In India, for example, the number of remote job postings decreased by five percentage points since April, when they peaked at 20% of all job postings.

While this is still a good deal higher than pre-pandemic averages of 2%, it is still a stark contrast to what workers would like to see.

"Flexibility is an essential component of a successful work environment, enabling employees to find a balance between their professional and personal lives." - Stuart W. Crabb

Workplace flexibility is ranked as one of the most important objectives for workers after remuneration, alongside work-life balance, skills development, and compensation.

Even though the number of jobs requiring remote work has decreased in the United States, these advertisements still garner more than half of all applicants as of September.

Data shows that remote employment accounts for 14.6% of employment possibilities globally but receives 20.2% of application submissions. The number of remote jobs in India is 11.3%, while the number of resumes is 20.3%.

Remote Job Posts vs. Applications, September 2022

Talent Trends - Has 'Flexible Working' come to an end?
Source: LinkedIn Global Talent Report

Why are businesses cutting back?

LinkedIn polled its users about remote employment options and found that the trend towards remote employment was correlated with the current economic environment.

As part of a survey of executives, they were asked if the Coronavirus outbreak would force their companies to adopt more flexible working practices. In response to this question, more than 68% of executives said yes.

The current economic uncertainty has resulted in corporations in all parts of the world freezing their recruitment efforts. As a result, business leaders are under tremendous pressure to reduce costs and increase efficiency to pursue these goals.

Trends in workforce confidence

‍Trends in workforce confidence
Source: LinkedIn Global Talent Report

In the absence of an epidemic leading to a move toward flexible working and corporate wellness programs to help workers, the balance of power is now in the hands of employers.

This report also found that the current economic uncertainty adversely affects other employee benefits. In other words, 70% of CEOs agreed that skill development might need to be emphasized less in the future, and 75% said that employee well-being would likely receive less attention.

The survival of businesses depends on their ability to adapt to changing conditions. Some companies might think they can save money by reducing benefits like flexible scheduling, but they could suffer long-term consequences.

In companies that lag behind in adopting flexible and remote working, employees risk becoming demotivated and leaving for rivals who offer more attractive options. In order to survive, businesses will have to be more adaptable.

Businesses are beginning to offer a broader range of perks as a way to keep and attract workers—many still recovering from the Great Resignation. There have even been some employers who have adopted a four-day workweek.

We at TheWellnessTribe believe that businesses must be able to adapt and be flexible in order to succeed in the future.

In the long run, the winners will be those who recognize this as an opportunity, adapt and iterate, and explore new working methods.

Workplace Diversity

Why Embracing Diversity Could Be Your Best Corporate Move Yet

January 11, 2024
Nitesh Padghan

In the heart of every thriving organization lies a commitment to diversity. It’s not just about ticking boxes or meeting quotas. Diversity is about enriching your corporate landscape with a spectrum of perspectives, experiences, and ideas. A recent study by McKinsey & Company highlights that companies with diverse executive teams were 33% more likely to see better-than-average profits. This isn't a coincidence. When different voices are heard and valued, innovation thrives.

But how do we move from mere acknowledgment to active appreciation? It starts with creating a respectful culture. A respectful culture is the bedrock on which the pillars of diversity stand. It’s about ensuring every employee, regardless of their background, feels valued and understood.

Nurturing an Inclusive Environment

Creating an inclusive environment is about proactive engagement. It’s not enough to have diversity in your team; what matters is how these diverse elements interact. Google's re:Work initiative provides a fantastic framework here. They emphasize psychological safety - an environment where everyone feels safe to express their thoughts without fear of ridicule or backlash.

Why does this matter? A study from the Center for Talent Innovation found that employees in inclusive companies are 3.5 times more likely to contribute their fullest innovative potential. When you nurture an environment where differences are not just tolerated but celebrated, you unlock a treasure trove of creativity and problem-solving abilities.

Leadership's Role in Advocating Diversity

Leadership sets the tone for corporate culture. When leaders actively advocate for diversity, it sends a powerful message. It’s not about issuing a statement; it’s about embodying the values of diversity in every action and decision. Leaders should be trained to recognize their unconscious biases and understand how to foster an inclusive atmosphere.

Moreover, leaders need to be visible in their support. This might mean participating in diversity training sessions alongside employees, ensuring diverse representation in decision-making processes, or simply being approachable and open to conversations about diversity.

Encouraging Open Dialogue and Feedback

A culture of respect is a culture of open dialogue. It’s crucial to create channels for employees to voice their concerns, experiences, and ideas about diversity. This could be through regular feedback sessions, anonymous surveys, or open forums. The key is to listen actively and respond constructively.

Feedback isn't just about airing grievances; it's about continuous improvement. When employees see their input leading to real change, it reinforces their value to the organization. Moreover, these discussions can uncover hidden biases and provide insights into how to make the workplace more inclusive.

Measuring and Celebrating Diversity Success

Finally, what gets measured gets managed. It's important to set clear, tangible goals for diversity and track progress against them. This might involve metrics on recruitment diversity, retention rates of diverse employees, or the number of diversity-focused initiatives implemented.

But beyond metrics, celebrate your diversity successes. Whether it's a successful project team with diverse members or an inclusive event that brought different parts of the company together, celebrating these moments reinforces the importance of diversity in your corporate culture.

Occupational Wellbeing

The 5 most interesting insights from the 2022 Indeed Report

December 18, 2022
TheWellnessTribe Team

Indeed, the world's largest job search website recently released its 2022 Work Wellbeing Insights Report, which surveyed over 1,000 employees to understand their views on work and well-being. Here are the top five findings from the report:

Putting Well-Being Ahead of Career

A majority of workers value their well-being over their careers. The report found that 54% of workers prioritise their well-being over their career advancement, with only 46% putting their careers over their well-being. This indicates a shift in the traditional mindset of placing work over personal health and happiness.

Top 5 findings: 2022 Indeed Report

Work-life balance is the top concern for workers. When asked about their top concerns related to work, 61% of workers cited work-life balance as their top concern, followed by job security (50%) and stress levels (49%). This highlights the importance of companies providing flexible work options and support for their employees' mental and physical health.

Burnout Is More Widespread Than Acknowledged.

Top 5 Findings: 2022 Indeed Report
Photo by Nubelson Fernandes on Unsplash

Burnout is a widespread problem. The report found that 60% of workers have experienced burnout, with over half (51%) saying they have felt burnt out at their current job. Burnout can have serious consequences for both individual employees and companies, so it's important for employers to provide support and resources to prevent and manage burnout.

Indeed Report Job Satisfaction - 3/10 employees believe that low general job satisfaction is the main reason for the growing trend of quiet quitting.

The COVID-19 pandemic has had a significant impact on work and well-being. Over half (54%) of workers reported that the pandemic has negatively impacted their work and well-being, with common concerns including increased stress and anxiety levels and difficulty balancing work and personal responsibilities.

Greater Demand for Mental Health Services

Access to mental health resources is crucial. The report found that 88% of workers believe that their employer should provide mental health resources and support. This indicates a strong desire among workers for their companies to prioritise their mental health and provide resources to help them manage stress and other mental health concerns.

Office workers are faring better than other professions.

Office workers reported lower rates of toxic work environments compared to manual laborers and service workers (people who interact with customers or clients, including food and retail workers, teachers, and healthcare workers). During the pandemic, office workers also reported more improvements to their work schedules in terms of flexibility and hours, while manual laborers and service workers reported more deterioration.

Positive work environments contribute to well-being.

Positive work environments contribute to well-being.
Photo by Redd F on Unsplash

This finding highlights the importance of creating a positive work culture and investing in employee development and growth. Employers can contribute to the well-being of their employees by creating a supportive and positive work environment that fosters a sense of belonging, purpose, and meaning. This may include providing opportunities for professional development and growth, promoting open communication and collaboration, and recognizing and valuing the contributions of employees.

In addition to creating a positive work culture, employers can also support the well-being of their employees by addressing any factors that may be contributing to stress or negative feelings. This may include addressing workload, providing resources for mental health support, and promoting work-life balance. By prioritizing their employees' well-being, employers can improve their workforce's overall health and happiness and increase productivity and overall business success.

Closing Thoughts

Overall, the findings from Indeed's 2022 Work Wellbeing Insights Report highlight the importance of paying attention to well-being in the workplace. From prioritising work-life balance to providing mental health resources, there are many steps that employers can take to support their employees' well-being and create a healthier and more positive work environment.

Wellness Tribe Team has put together a workplace wellness guide for 2023; you can check it out here etc.

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