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.

Wellness Evolution

78 Years of Progress: From Chai Breaks to Corporate Wellness

August 12, 2024
Nitesh

As India gears up to celebrate its 78th Independence Day, it's a time for reflection and gratitude. We remember the sacrifices of our freedom fighters and the remarkable progress we've made as a nation. Amidst the celebrations, it's also an opportune moment to acknowledge the transformative journey of workplace wellness in India - a journey that parallels our nation's pursuit of progress and prosperity.

From the humble chai breaks of the past to the sophisticated corporate wellness programs of today, India's workplaces have come a long way. This article takes you on an insightful journey through the evolution of workplace wellness in India, highlighting key milestones, overcoming challenges, and envisioning the promising future that lies ahead.

The Early Days

In the early years of independence, the focus was primarily on industrial growth and economic development. Workplace health was often synonymous with physical safety and preventing occupational hazards. The Factories Act of 1948, a landmark legislation, laid down basic standards for working conditions, ensuring a safe and healthy environment for factory workers.

However, the concept of employee wellness was still in its nascent stage. The traditional Indian workplace was characterized by long working hours, limited breaks, and a focus on output rather than the well-being of employees.

The 1980s and Beyond

The 1980s marked a turning point. The devastating Bhopal gas tragedy in 1984, one of the world's worst industrial disasters, underscored the critical importance of workplace safety and environmental protection. This incident led to a series of reforms, including the enactment of stricter regulations and the establishment of the National Safety Council.

Simultaneously, the rise of the IT industry and the globalization of the Indian economy brought about a paradigm shift in the workplace. The new work culture, with its emphasis on technology and knowledge, brought to light the importance of addressing not just physical health but also mental and emotional well-being. Stress, burnout, and lifestyle diseases became prevalent concerns, necessitating a more holistic approach to employee wellness.

The Rise of Corporate Wellness

The 21st century witnessed a significant transformation in the Indian corporate landscape. Companies began recognizing that a healthy and happy workforce is not just a moral imperative but also a strategic advantage.

The concept of corporate wellness gained traction, with companies investing in employee health and well-being programs. Initially, these programs focused on providing basic health checkups and promoting physical fitness through gym memberships and yoga classes.

However, as the understanding of wellness evolved, so did the scope of these programs. Today, leading organizations in India offer comprehensive wellness initiatives that encompass physical, mental, emotional, and even financial well-being. From stress management workshops to mindfulness sessions, from ergonomic assessments to financial planning seminars, corporate wellness programs have become an integral part of the modern Indian workplace.

Key Milestones in India's Workplace Wellness Journey

  • 1948: The Factories Act - A pioneering legislation that laid down basic standards for working conditions and safety measures in factories.
  • 1976: The Bonded Labour System (Abolition) Act - Prohibited all forms of bonded labor, safeguarding the rights and dignity of workers.
  • 1984: The Bhopal Gas Tragedy - A turning point that led to stricter regulations and a greater emphasis on workplace safety and environmental protection.
  • 2003: The Occupational Safety, Health and Working Conditions Code Bill - Aimed at consolidating and amending various labor laws related to workplace safety, health, and working conditions.
  • 2013: The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act - A crucial step towards creating a safe and inclusive work environment for women.
  • 2020: The Occupational Safety, Health and Working Conditions Code - A landmark legislation that streamlined and simplified various labor laws, including those related to workplace wellness.

Where We Stand Today

While the journey towards a healthier workforce has been remarkable, the current landscape presents a mix of challenges and opportunities. A recent report by MediBuddy and the Confederation of Indian Industry (CII) sheds light on some key trends:

  • Burnout is a Major Concern: A staggering 62% of Indian employees experience burnout, significantly higher than the global average of 20%. Work-related stress, remote work challenges, and poor work-life balance are the primary culprits.
  • Healthcare Costs are High: 71% of employees spend an average of 5% of their annual income on out-of-pocket healthcare expenses, highlighting the need for more comprehensive employer-provided healthcare options.
  • Gaps in Wellness Programs: Despite the growing need, only 24% of employees are satisfied with their current workplace health options. There's a clear disconnect between employee needs and existing corporate wellness programs.
  • Wellness as a Recruitment Tool: 72% of job seekers consider employee wellness programs crucial in their decision-making process. Companies with robust wellness programs have a competitive edge in attracting and retaining talent.
  • Expanding Benefits: Progressive companies are now offering a wider range of wellness benefits, including mental health counseling, teleconsultations, and even coverage for dependents.

The Road Ahead - Challenges and Opportunities

While India has made significant progress in workplace wellness, several challenges persist. The informal sector, which employs a large portion of the workforce, still lacks adequate access to healthcare and social security benefits. Mental health stigma remains a significant hurdle, preventing many employees from seeking help and support.

However, these challenges also present opportunities for innovation and growth. The rise of technology, particularly in the field of digital health, offers new possibilities for delivering personalized and accessible wellness solutions. The increasing focus on preventive care and mental health awareness is also encouraging.

The Future of Workplace Wellness in India

The future of workplace wellness in India is bright. We can anticipate a greater emphasis on holistic well-being, with programs that address not just physical health but also mental, emotional, and financial well-being. Technology will play a pivotal role in delivering personalized wellness solutions and tracking progress.

Moreover, with the government's focus on initiatives like the National Mental Health Policy and the Ayushman Bharat scheme, we can expect greater access to healthcare and mental health support for all citizens, including the workforce.

Last Thoughts

As we celebrate India's 78th Independence Day, let's also celebrate the remarkable journey towards a healthier and happier workforce. It's a journey that reflects our nation's spirit of resilience, innovation, and progress.

The road ahead is filled with possibilities. By embracing a holistic approach to wellness, leveraging technology, and fostering a culture of support and inclusivity, we can create workplaces where employees thrive, not just survive. This is the true essence of freedom - the freedom to live a healthy, happy, and fulfilling life.

Workplace Wellness

The Gen Z Revolution: Ditching 9-5 for Work Life Balance

December 10, 2022
TheWellnessTribe Team

Gen Z, also known as the iGeneration or post-Millennials, is the generation born between 1997 and 2012. This generation is known for its tech-savviness, entrepreneurial spirit, and willingness to challenge the status quo. 

Traditionally, 90% of the workforce worked 9 to 5 days, with a set lunch break in between. While the 9 to 5 work model was the norm in the past, today's workers are increasingly looking for flexible and remote work opportunities, particularly from Gen Z.

A number of factors, including the increasing availability of remote work opportunities, the desire for work-life balance, and the changing attitudes of young people towards work and success, drive this trend. This article explores how Gen Z breaks free from the 9 to 5.

Too Much Comfort From Remote Work?

The Gen Z Revolution Ditching 9-5 for Work Life Balance
Photo by Helena Lopes on Unsplash

One of the main reasons why Gen Z is breaking free of the 9 to 5 is the increasing availability of remote work opportunities. With the rise of the gig economy and the emergence of online platforms that connect workers with employers, it has become easier than ever for people to find work that can be done from anywhere in the world. This has given young people the flexibility to create their own schedules and work on their own terms rather than being tied down to a traditional office job.

The Perfect Work-Life Balance

Another factor that is driving this trend is the desire for work-life balance. Many young people, particularly Gen Z, value experiences and personal growth over material possessions and financial success. They are willing to trade a high-paying job with long hours for one that allows them to have more time for hobbies, travel, and other activities that enrich their lives. 

This is reflected in the growing popularity of flexible work arrangements, such as part-time and freelance work, which give workers the ability to choose their own schedules and work on their own terms.

"The future belongs to those who believe in the beauty of their dreams." - Eleanor Roosevelt

Success Is Being Redefined.

In addition to the availability of remote work opportunities and the desire for work-life balance, the changing attitudes of young people towards work and success are also contributing to the trend of breaking free from the 9 to 5. Many young people today view work as a means to an end rather than an end in itself. 

They are less likely to be motivated by traditional markers of success, such as climbing the corporate ladder or accumulating wealth, and more likely to prioritise fulfilment and personal growth. As a result, they are more willing to take risks and pursue unconventional career paths that allow them to follow their passions and interests.

Change Is Afoot Thanks to Technology.

The Gen Z Revolution Ditching 9-5 for Work Life Balance
Photo by Marvin Meyer on Unsplash

One of the main reasons for this shift is the increasing availability of technology that makes remote work possible. With the rise of the internet and the widespread use of smartphones and laptops, it is now easier than ever for workers to stay connected and productive from anywhere in the world. This has opened up new opportunities for Gen Z workers who are looking to break free from the constraints of the 9 to 5 work model.

Rise of the Gig Economy

The rise of the gig economy has also contributed to the shift away from the 9 to 5 work model. The gig economy refers to the growing trend of workers taking on short-term, contract-based work rather than traditional full-time employment. This allows workers to have more control over their schedules and the type of work they do, which can be particularly appealing to Gen Z workers who value flexibility and autonomy.

Closing Thoughts

This generation is driven by a desire for autonomy and a need for work-life balance, and they are using technology to create their own opportunities and forge their own paths. As a result, the concept of the 9 to 5 workday is becoming increasingly obsolete, and companies will need to adapt to this changing landscape in order to attract and retain top talent from this generation.

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