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More geographical options for recruitment mean more opportunities to contain costs – though, companies will still need to assess local employment laws to capture the full cost picture of each new hire. Employee retention Employee retention is all about those workplace attributes that convince team members to stay for a long time.
Clearly, the majority of job candidates prioritize workplaceflexibility. So, it’s understandable that employers do what they can to make their company look attractive to them. It becomes a problem when companies downplay the aspects of their workplace that candidates may object to and try to present a rosier picture instead.
For all the speculation about what the future of work will be like, one could argue that “the future of work” is already here – it actually began in mid-March 2020 when workers around the world were sent home by their employers to slow the spread of COVID-19. It appears that employers and employees could be headed for a stand-off.
Demands for greater workplaceflexibility have risen. The balance of power seems to have shifted away from the employer toward the employee. Compounding the uncertainty of the current workplace, it’s unclear whether these trends will persist if an economic downturn occurs. Become an employer of choice ?
It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? That’s why employers should be proactive about not only confirming that employees are paid fairly, but also maintaining their competitiveness.
As these workers rise in influence and take over from Boomers and Generation X, retention will be a key challenge for employers. Employees need to know that their employers care about them as people – beyond the value they bring to the business. Among these age groups, job hopping is much more mainstream and accepted.
Although no company is ever obligated to discuss topics that aren’t specific to the organization, be aware that your employees, especially younger workers ( Millennials and Generation Z ), may expect you to acknowledge issues that personally impact them both inside and outside the workplace. This would be a popular option with employees.
With the rise of remote and hybrid work environments and increased workplaceflexibility , as well as the presence of multiple generations in the workplace , ask: Will the training appeal to employees of different age groups and diverse learning styles ? How will they demonstrate this?
Employers are always talking about employee engagement. From the outset, a mismatch in values with their employer can be a deal breaker. Grant autonomy and flexibility There’s a direct link between fulfillment and feelings of empowerment and trust from leadership. But what about employee fulfillment ?
Even more concerning for employers, the Society for Human Resource Management (SHRM) reports in its Spring 2022 People + Strategy Journal that on average, a majority (about 60% at the time of reporting) of recent turnover is voluntary. This means reassessing workplace expectations and policies to benefit both businesses and employees.
For that reason, employers limited their recruiting activities to their local, immediate area. More geographical options for recruitment mean more opportunities to contain costs – though, companies will still need to assess local employment laws to capture the full cost picture of each new hire. Recruitment costs.
Now, employees have a different philosophy about the role of work in their lives and they crave more balance and flexibility. Employers should respect this and not automatically assume that embracing these modern workplace trends is a form of quiet quitting.
Some states, such as California, have even gone on a step beyond the “substantially similar job functions” standard to also require employers to provide pay rates for employees by department. But when compliance and best practices run up against flexibility in adapting to market demands, pay equity can become a tricky issue for businesses.
You must also be careful about state and local laws that prohibit employers from inquiries regarding salary history.). Employers and managers must never prohibit employees from discussing pay as so doing would violate employee rights. There are steps that employers can take, beginning with determining appropriate pay rates.
Some states, such as California, have even gone on a step beyond the “substantially similar job functions” standard to also require employers to provide pay rates for employees by department. But when compliance and best practices run up against flexibility in adapting to market demands, pay equity can become a tricky issue for businesses.
Now, employees have a different philosophy about the role of work in their lives and they crave more balance and flexibility. Employers should respect this and not automatically assume that embracing these modern workplace trends is a form of quiet quitting. Reviewing policies about leaves and paid time off (PTO).
As companies move forward with post-pandemic planning , one thing is increasingly clear: we have now arrived in the era of the flexibleworkplace. For many employers and employees alike, the national conversation around flexibility centers on remote work or hybrid work. What is driving workplaceflexibility?
Launching a successful benefits program in your workplace calls for a savvy employee benefits strategy. In exchange for this benefit, employees give up their right to sue their employer over their work-related injury, regardless of which party is at fault. Many employers match their employees’ contributions to boost their savings.
Valuing remote work and flexibility The past four-plus years since the pandemic have demonstrated that employees can thrive in remote environments without negatively impacting productivity or quality of work. Companies must recognize this and take action to incorporate more workplaceflexibility – or risk losing top talent to competitors.
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