August 24, 2022
Workplace decision making is subject to a number of conflicting forces
A new survey from 15Five claims that the workplace is in a state of upheaval, with one-third of workers planning to quit their jobs despite the potential economic downturn. Conversely, nearly one in five organisations are planning on layoffs, and more than one-third of HR leaders have rescinded job offers. The poll of 1,000 US full time employees and 500 HR leaders [registration] also claims that work-life balance is a top concern for employees, behind only pay and health benefits. When HR leaders were asked what was most important to their employees, work-life balance claimed the number one spot (64.6 percent), followed by health benefits (62.8 percent) and growth opportunities (54.6 percent). More →
August 23, 2022
Firms need a better understanding of their psychological contract with employees
by Anthony Thompson • Comment, Workplace
Companies and employees are often acutely aware of the terms of their written employment contracts. The roles, responsibilities, working hours and salaries are clearly laid out for all to see. What is often overlooked, however, is that there is a second, hidden, contract within the employment relationship. This is known as the psychological contract. The psychological contract refers to the often implied, unwritten mutual expectations, beliefs and obligations between employee and employer. For example, an employee may take on additional work in the expectation that it will help to advance their career, or an organisation might expect employees to be more flexible in their working patterns during peak times. More →