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.

Leadership

How Leaders Can Leverage AI Tools to Build Strong Teams

March 1, 2024
Mohit Sahni

In today's rapidly evolving business landscape, leaders face unprecedented challenges in building and maintaining high-performing teams. Artificial Intelligence (AI) is emerging as a game-changer, offering innovative solutions to streamline team development, enhance collaboration, and drive exceptional results.

Power8, a leading corporate wellness company, understands the intrinsic link between individual wellbeing, team dynamics, and overall organizational success. In this article, we'll explore how leaders can harness the power of AI tools to foster a culture of excellence and build teams capable of navigating the complexities of the modern workplace.

AI in Team Building: A Transformative Approach

AI offers leaders a wealth of intelligent tools designed to optimize various aspects of building and managing strong teams. Let's delve into some key areas where AI is revolutionizing the team-building process:

1. Talent Acquisition: Finding the Right Fit

Recruiting the best talent is a foundational pillar of strong teams. AI-powered tools are reshaping the recruitment landscape, helping leaders make data-driven hiring decisions. Here's how:

  • Candidate Sourcing: AI algorithms can efficiently scan massive resume databases and online profiles, accurately matching potential candidates to specific job requirements. This saves time and reduces bias in the initial screening process.
  • Intelligent Assessments: AI-driven pre-hire assessments evaluate not only technical skills but also personality traits and behavioral tendencies. Leaders gain a richer understanding of candidates and their potential alignment with team dynamics.
  • Bias Mitigation: AI can identify and mitigate biases in job descriptions, interview processes, and candidate evaluation. Algorithms ensure that recruitment processes are objective and promote diversity and inclusion.

2. Enhanced Collaboration and Communication: Breaking Down Silos

Effective communication and collaboration are the linchpins of high-performing teams. AI tools enhance team interactions in several ways:

  • Intelligent Communication Platforms: AI-powered communication tools streamline workflow, manage shared projects, and facilitate real-time communication across remote teams. They can analyze communication patterns and suggest ways to improve knowledge-sharing and team cohesion.
  • Meeting Optimization: Virtual assistants can handle meeting scheduling, capture minutes, analyze participation patterns, and summarize key action points. This frees up valuable time for meaningful discussions and strategic focus.
  • Sentiment Analysis: AI tools can gauge the emotional sentiment of team messages, emails, and virtual interactions. This helps leaders identify potential conflicts, areas of miscommunication, and provide support to improve collaboration.

3. Personalized Learning and Development: Unlocking Potential

Investing in team members' growth is crucial for sustained success. AI can tailor learning paths to individual needs and preferences:

  • Adaptive Learning Environments: AI personalizes learning experiences by assessing each team member's knowledge base, suggesting learning materials, and adapting the pace of instruction. This allows individuals to progress at their optimal rate.
  • Skills Gap Analysis: AI tools can analyze performance data and identify areas where specific team members may need upskilling or cross-training. This leads to targeted development plans with measurable outcomes.
  • Microlearning Modules: AI-supported platforms can deliver bite-sized training modules on-demand, enabling professionals to learn new skills and stay updated on trends within the flow of work.

4.  Data-Driven Performance Management: Transparency and Growth

AI introduces objectivity and transparency into performance management processes, providing actionable insights:

  • Real-time Feedback: AI-powered tools capture performance-related data, allowing leaders to provide timely and constructive feedback. This helps team members stay motivated and engaged with their goals.
  • Performance Analytics: AI dashboards visualize key performance metrics, identify trends, and offer predictive insights. Leaders can make informed decisions about resource allocation, training needs, and potential bottlenecks.
  • Gamification: AI can introduce gamification elements into performance management. This stimulates healthy competition, boosts morale, and encourages continuous improvement.

5. Building a Culture of Psychological Safety: Harnessing the Power of Data

While AI tools themselves might not be readily available to all organizations, leaders can still take advantage of the insights offered by AI-driven analysis to create environments  where teams flourish:

  • Understanding Team Dynamics: AI's ability to analyze communication patterns and collaboration styles (even without advanced tools) can still provide valuable data for leaders. This awareness, even on a basic level, allows managers to identify potential areas for improvement and facilitate healthier team interactions.
  • Feedback and Engagement Surveys: Regularly collecting data on team morale, engagement, and areas of growth empowers leaders with a pulse on their team's psychological well-being. This information can be used to provide support, resolve conflicts, and tailor leadership styles towards greater team cohesion.
  • Focus on Diversity, Equity, and Inclusion (DEI): Recognizing patterns through data can help leaders acknowledge potential biases within the workplace that may affect team morale and hinder collaboration. Building a conscious and proactive strategy focused on DEI promotes a sense of belonging and ensures every team member has a voice.

6.  Strategic Team Formation: The Human Element

AI may excel at data analysis, but the leader's role remains irreplaceable in building the intangible aspects of a successful team:

  • Purpose and Values Alignment: A shared sense of purpose creates a guiding star for teams. Leaders must clearly articulate this purpose and align it with team members' values to cultivate a powerful sense of collective mission.
  • Complementary Skill Sets: A leader's intuition is crucial for building teams with well-rounded skills and expertise. Seek out individuals who complement one another, fostering a balance of technical proficiency and strong soft skills.
  • Promoting Trust: Building trust within teams requires empathy, vulnerability, and consistency from leaders. Creating an environment where team members feel safe to take risks and learn from mistakes is paramount.

We're Stronger Together

Building a strong team is a continuous endeavor. At Power8, we're committed to partnering with leaders in this journey. By combining a deep understanding of human potential with a dedication to innovation, we empower organizations to achieve extraordinary results. Contact us today to learn how we can support your team's success!

Wellness

Unlocking Employee Wellness Through Purpose and Fulfillment

November 1, 2024
Nitesh Padghan

Imagine starting every workday with a spark. Not just the caffeine kick from your morning coffee, but a genuine excitement, a pull that makes you feel like you’re part of something bigger than yourself. That’s the power of purpose. And while it might sound abstract, purpose is the real driver of employee wellness—because when people believe their work matters, they feel good, do good, and stay engaged.

Let’s talk about why purpose is a game-changer for wellness and explore how companies can make work more meaningful for everyone.

Why Purpose Matters for Employee Wellness

Purpose is that ‘why’ behind what we do every day. Without it, work can feel like a treadmill. With it, even the most challenging days feel worthwhile. Studies show that when employees find meaning in their work, they’re more resilient, less stressed, and generally happier. And it makes sense—if your work aligns with something you care about, your job becomes more than just a paycheck.

Purpose Lowers Stress

Think about it: stress at work often stems from feeling overwhelmed or disconnected. But when you see your work making a difference, it shifts how you see stress. Challenges become opportunities, and obstacles feel surmountable. A study even found that nearly 90% of employees would trade a portion of their salary to do more meaningful work. That’s huge! Purpose isn’t just a nice-to-have; it’s a core part of what makes work sustainable.

Purpose Fuels Engagement

Engagement goes up when people feel connected to something meaningful. They’re more likely to care about their tasks, go the extra mile, and find joy in their daily roles. And let’s face it: an engaged employee brings more energy and creativity to the table, lifting up the entire team.

Purpose Creates Loyalty

Employees who feel valued and see their impact are more likely to stick around. Companies with a strong sense of purpose enjoy almost 40% lower turnover rates, according to Deloitte. It’s simple: people stay where they feel they belong.

How Purpose and Wellness Connect

Wellness isn’t just about yoga sessions or gym memberships; it’s about creating a workplace where people feel whole. Purpose-driven work touches on multiple facets of well-being:

  • Mental and Emotional Health: When work has meaning, it builds self-worth and a sense of accomplishment. This leads to lower rates of anxiety and depression, giving employees a strong emotional foundation.
  • Physical Health: Yes, purpose even impacts physical health! Studies link purpose with longevity and lower risks of chronic illness. When people care about what they do, they’re more likely to take care of themselves.
  • Social Health: Shared purpose brings people together. Employees feel connected not just to the work but to each other, creating a support network that’s vital for well-being.

Steps to Create a Culture of Purpose and Fulfillment

So, how can leaders build a workplace where purpose drives wellness? Here are actionable steps to help create a fulfilling environment:

1. Define the Company’s ‘Why’—and Share It

Every company needs a ‘why’—the reason it exists beyond profit. This purpose is what draws people in and keeps them motivated. But here’s the catch: your company’s purpose only works if everyone knows it and feels it.

  • Action Tip: Don’t limit purpose to onboarding or posters on the wall. Keep the conversation going. Share stories, celebrate wins that align with your mission, and make purpose part of everyday conversations.

2. Make Everyone’s Role Matter

No matter what the role, everyone wants to feel that they’re making a difference. Leaders can help by showing employees how their work impacts the bigger picture.

  • Action Tip: Have managers sit down with team members regularly to connect their day-to-day tasks to the company’s goals. Maybe it’s through team meetings or a simple acknowledgment of how someone’s work moves the needle.

3. Give Employees Ownership

People find purpose when they feel trusted to lead. When employees get to spearhead projects and bring their ideas to life, they develop a strong sense of ownership and pride.

  • Action Tip: Start a “Purpose Project” initiative, where employees propose and lead projects that align with the company’s mission. Celebrate these projects to make purpose part of the company DNA.

4. Invest in Personal Development

When you invest in your people’s growth, they feel valued and motivated. Purpose-driven companies don’t just focus on employees’ current skills; they also help them grow into their best selves.

  • Action Tip: Offer workshops, mentorships, or even mini-grants for personal projects. Celebrate these milestones and encourage employees to set goals that align with their personal sense of purpose.

5. Encourage a Feedback-First Culture

Listening is a superpower. When employees feel heard, they feel connected. A strong feedback culture makes employees feel that their opinions matter, fostering trust and purpose.

  • Action Tip: Create safe spaces for feedback, like regular check-ins and anonymous surveys. Show that feedback is valued by acting on it, and make it clear that employees’ voices help shape the organization.

6. Tie Wellness Programs to Purpose

Most wellness programs are focused on physical health, but purpose-driven wellness goes deeper. It’s about feeling fulfilled, growing, and finding balance.

  • Action Tip: Shift your wellness programs to include personal growth, mindfulness, and purpose-finding workshops. Instead of just yoga or fitness classes, offer sessions on stress management, goal setting, or values alignment.

How to Measure Purpose-Driven Wellness

How do you know if your purpose-driven initiatives are actually working? Measuring impact is key:

  1. Surveys: Gauge employees’ sense of purpose and engagement through regular surveys. Look for trends in satisfaction, connection, and wellness.
  2. Turnover Rates: Check retention numbers. A lower turnover rate is a strong indicator of a purpose-driven culture where employees want to stay.
  3. Wellness Program Participation: Higher participation in purpose-driven wellness initiatives signals a positive impact. If employees are showing up, it means they’re finding value.
  4. Productivity Metrics: Look at performance metrics like project completion and innovation. Purpose-driven employees tend to be more motivated and productive.

Real-Life Inspiration: Companies that Get It Right

Some companies truly walk the talk when it comes to purpose. Take Patagonia, for example. Known for its strong stance on sustainability, Patagonia has built an environment where employees don’t just work—they advocate for the planet. Its commitment to environmental activism attracts people who share those values, making for a highly motivated and loyal team.

Then there’s Salesforce, a pioneer in creating purpose through philanthropy. With its 1-1-1 model (1% of equity, product, and employee time donated to charitable causes), Salesforce employees get a chance to make a real impact beyond their desks. This initiative gives them a sense of fulfillment that extends beyond traditional job responsibilities.

A Purpose-Driven Workplace: The Key to Thriving Employees

Creating a purpose-driven culture isn’t a quick fix—it’s an ongoing commitment. But the results speak for themselves. When employees feel they’re part of something bigger, they’re not just healthier; they’re happier, more productive, and more committed. They bring their full selves to work, contributing to a positive atmosphere that everyone benefits from.

At the end of the day, wellness isn’t just about reducing sick days or offering gym discounts. It’s about helping people thrive, in work and in life. And when people feel that what they’re doing matters, they rise to the occasion every single day.

So, if you’re looking to boost employee wellness in a meaningful way, remember this: purpose is the glue that holds it all together. Create it, nurture it, and watch your team flourish.

Join the Wellness Tribe

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This month we are focusing on food and how it affects your mental health. Join us as we bring in the most relevant interesting content from across the wellness segment.

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