September 6, 2018
Gig economy growing but employers should continue to cultivate in-house talent
The number of “gig economy” professionals working in organisations is growing and this trend is expected to continue, a survey by Korn Ferry has claimed. More than half (60 percent) of HR professionals say that compared to three years ago, gig workers now make up a larger percentage of their professional workforce, and 42 percent say they plan on hiring more contingent workers in the future. The reasons, according to the survey, include cost savings, access to high-calibre talent and ease of managing gig economy professionals. Despite the fact that many gig professionals work remotely, 67 percent of the HR professionals surveyed say they are confident they know what the gig professionals are doing on a day-to-day basis, and 42 percent say these contingent employees are easier to manage than full-time employees. However, according to Jeanne MacDonald, president of Global Talent Solutions for Korn Ferry’s RPO and Professional Search Business, organisations should proceed cautiously and ensure they continue to cultivate in-house talent.
Most organisations already offer some sort of flexible working and over half of employees now ask to work flexibly, a new survey from XpertHR research has claimed. One in 12 organisations (8.1 percent) reported that all employees worked flexibly, with employers attributing the rise to a more supportive workplace culture and the impact of recent legal changes. The survey found that more than half (55.9 percent) had seen an increase in flexible working requests over the past two years. Three out of four believed that this was due to changes in workplace culture in recent years, attributable in part to a change in the law in 2014 that extended the right to request flexible working to all employees with at least 26 weeks’ service. Flexible working goes across the board, and includes part-time working, variable start and finish times, home-working and other options.
Improved living standards, deflating pension pots and legal protection against age discrimination have all helped to nudge up the retirement age. The result is that for the first time since the Industrial Revolution five generations of employees are now working side by side. According to a new survey, two thirds of organisations (66 per cent) say that an age diverse workforce helped the company to have a more comprehensive skillset and knowledge base and more than seven in ten (71 per cent) felt that a multi-generational workforce brought contrasting views to their organisation. However, in the YouGov survey of middle market businesses commissioned by RSM, four in ten companies (41 per cent) said that a multi-generational workforce also increased the risk of conflict in the workplace. 
The majority (82 percent) of employees have ideas about how their company can help improve the business claims a new survey, but over a third (34 percent) say their ideas are being ignored by their employers. The findings were announced alongside the launch of Sideways 6’s inaugural State of Employee Ideas report, which explores how employees at all levels, at businesses of all sizes, all over the world feel their company treats their ideas also reveals that 39 percent of females felt that their ideas are not being listened to, compared to 30 percent of males. Interestingly, despite the number of ideas they have, many employees remain fearful of voicing them. According to the findings, one fifth (18 percent) of those same ideas are never heard because employees are afraid to put them forward. The results also identified a clear disparity in levels of confidence to put forward ideas between younger and older employees. When surveyed, 64 percent of senior level employees strongly agreed that they have ideas and aren’t afraid to voice them, compared to 42 percent junior level employees.
The majority of employees are disappointed with their company’s lack of investment in technology, and despite the fact three quarters (76 percent) want to request flexible working – almost half still don’t have the option of working more flexibly, a new report from a technology company claims. According to the survey by technology company Ingram Micro Cloud UK, in collaboration with technology company Microsoft, despite the fact that Millennials and Centennials are often thought to be the driving force behind changing workplace practices – and are often derided in popular discourse for having unreasonable and unrealistic expectations – the calls for change are coming from all segments of the workforce. However, 85 percent of Millennials admit to procuring their own workplace technologies such as instant messaging, Skype, file hosting and sharing tools (all available from Ingram Micro Cloud) that aren’t supported or provided by their employer, which raises major security issues, acco.
The way to measure an employer’s speed of innovation includes how they find talent, their appraisal process, how employees recommend the organisation they work for to others, and how much employees collaborate, claims a new European study by Cornerstone OnDemand and IDC. “Future Culture: Building a Culture of Innovation in the Age of Digital Transformation” explores the relationship between European organisations’ speed of innovation and talent management, with the research showing that firms with a steady stream of new products and services are more likely to have an ongoing feedback process with employees, rather than an annual performance review, while organisations with a slower rate of innovation often use coaching and mentoring to develop employees.
The digital era, ageing populations, skills shortages, and unpredictable political and economic contexts are persuading multinationals to focus more on mobile talent, new ways of working and assessing the cost of expatriate packages for international employees that are critical to the future of work. This is according to Mercer’s 24th annual Cost of Living Survey which reveals that factors such as instability of housing markets and fluctuating inflation, currencies and prices for goods and services, are impacting the cost of doing business in various cities around the world. UK cities have significantly risen in the ranking this year. 
