Search Results for: employee engagement

Show us the money. Increasing pressure for ROI on talent management initiatives

Show us the money. Increasing pressure for ROI on talent management initiatives

Talent management is an integral part of the Human Resource role, but now HR professionals are being asked to provide some financial evidence. Four out of five (82%) of HR professionals are under increasing pressure to clearly demonstrate the financial return on investment of staff development a global study by Right Management has found. Although two thirds (65%) of UK-based senior HR executives believe that they are already highly effective at measuring the impact of their talent management initiatives, 85 per cent said that they are under rising pressure to demonstrate the outcome of these initiatives in monetary terms. (more…)

U.S. employers plan penalties to boost wellness participation

Following on from the revelation that wellness programmes are only as good as the willingness of staff to participate, comes a study from the U.S. which highlights the role incentives can play in employers’ efforts to improve workforce health and performance. Aon Hewitt’s survey of nearly 800 large and mid-size U.S. employers representing more than 7 million U.S. employees found that 83 per cent now offer employees incentives for participating in programmes, while 58 per cent plan to impose consequences on participants who do not take appropriate actions for improving their health.

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UK employers failing to measure effectiveness of workplace wellness

MeasureFurther data from Buck Consultant’s Global Wellness Strategies Report reveals that UK employers know what they want from their workplace wellness strategy, but less than one in 10 (9 per cent) actively measures specific outcomes, and three quarters (74 per cent) of those that don’t say it is due to limited resources. According to the study, increasing employee morale and engagement (73 per cent), improving staff productivity and reducing presenteeism (69 per cent), and reducing absenteeism (66 per cent) are the three top goals for UK businesses; with the top four health risks identified as stress, workplace safety and work-life balance issues and depression.

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Third of global employers have formal wellness plans

Bosses favouritesLess than half of organizations worldwide actively apply the basic elements of a health management programme, with just a third having a formal strategic plan for health and wellness. This is according to Mercer’s Talent Barometer research which explores key accelerators of talent effectiveness – education, health and wellness, and career experience – and their impact on successful workforce practices. While employers are investing in talent, with 60 per cent of organizations increasing spending in this area in recent years, only 24 per cent say their current plans are highly effective in meeting immediate and long-term human capital needs.

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Staff development still tops European employers’ priorities

Image credit: <a href='https://www.123rf.com/photo_10259161_portrait-of-successful-young-businessman-showing-presentation-in-a-meeting-at-office.html'>logos / 123RF Stock Photo</a>

European employers are still maintaining ambitious staff development plans, despite the gloomier macro-economic climate. According to a study by Aon Hewitt, the proportion of companies that expect to add new jobs in 2012 has increased to 47 per cent, overtaking the number of companies foreseeing a reduction of their workforce (31 per cent). Explained Leonardo Sforza, chair of the European Club for human resources Scientific Committee: “The slow and painful road to economic recovery is not discouraging successful multinationals from continuing to invest in their human capital and from demonstrating the belief that their people remain the most powerful engine for sustainable growth and innovation.” (more…)

A Field Guide to Workplace Terminology

As the ecosystem around the workplace industry grows ever more complex, so too does the language we use to describe it. In an attempt to bring order to chaos, guest writer Simon Heath presents here a glossary of terms, acronyms and abbreviations to help you navigate these linguistic waters. (For example Business Intelligence – A commonly used oxymoron.) For more of Simon’s worldly, wise and witty writing on all things work and workplace related, visit his blog at https://workmusing.wordpress.com.

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Report reveals wider impact than ROI for wellness programmes

Workplace wellness edit

The Return on Investment of workplace wellness programmes goes way beyond cost savings a major new report reveals. Making the Right Investment: Employee Health and the Power of Metrics found smoking cessation incentives help increase productivity, nutrition and exercise drives and centralised programmes which utilise the latest technology leads to increased employee engagement which helps reduce staff turnover. Said Klaus Schwab, Founder and Executive Chairman World Economic Forum “Over 50% of the working population spend the majority of their time at work, so the workplace provides a unique opportunity to raise awareness, as well as guide and incentivise individuals to develop healthier behaviours.” (more…)

Workplace transformation strategies are an essential element of CSR

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Adopting 21st-century workplace practices that meet the needs of employers and employees is an important form of Corporate Social Responsibility (CSR), according to a new corporate real estate (CRE) industry advocacy statement by CoreNet Global. The report finds the nature of work is “changing dramatically, transcending the traditional definitions of productivity to include the concepts of enabling work, employee engagement, employee satisfaction and employee wellness, framed around an emerging ‘work-life support’ business model.” (more…)

Most organisations are investing in AI. Far fewer are preparing leaders for it

Most organisations are investing in AI. Far fewer are preparing leaders for it

Businesses are racing to adopt new technologies, but many still lack the leadership frameworks, behaviours and organisational confidence needed to turn AI into meaningful, scaled value.The gap between AI adoption and leadership readiness is becoming one of the defining challenges facing organisations today. According to Gallup’s latest State of the Global Workforce report, only one in five employees believe their manager actively supports their team’s use of artificial intelligence, while just one in four say their organisation has communicated a clear strategy for integrating the technology into work. While investment in AI continues to accelerate, leadership capability is struggling to keep pace. Businesses are racing to adopt new technologies, but many still lack the leadership frameworks, behaviours and organisational confidence needed to turn AI into meaningful, scaled value. (more…)

People value autonomy and flexibility more than workplace technology

People value autonomy and flexibility more than workplace technology

People place greater value on autonomy and flexibility at work than on access to better workplace technology, according to new researchPeople place greater value on autonomy and flexibility at work than on access to better workplace technology, according to new research that suggests organisations may need to rethink how they approach workplace transformation projects. The survey found that a third of respondents (33 percent) identified autonomy as the most important element of a well-designed employee experience, while 30 percent cited flexibility. By comparison, 21 percent said improved digital tools were the most important factor and only 15 percent pointed to leadership that listens. The findings come at a time when organisations continue to invest heavily in artificial intelligence, automation and digital workplace programmes in an effort to improve productivity, engagement and performance. (more…)

One third of knowledge workers considering career change over AI concerns

One third of knowledge workers considering career change over AI concerns

A third of knowledge workers are considering moving to a different industry because of concerns about the impact of artificial intelligence on their careers, according to a new survey from Adaptavist.A third of knowledge workers are considering moving to a different industry because of concerns about the impact of artificial intelligence on their careers, according to a new survey from Adaptavist. The poll of 2,500 professionals in the UK, US, Canada, Germany and Spain, claims that 33 percent are actively looking to change industries due to fears about AI. A quarter of respondents said they are specifically considering moving into sectors they believe are less exposed to automation, including manual occupations. (more…)

A beacon of hope in an uncertain world. Works magazine 20 digital edition is here for you

A beacon of hope in an uncertain world. Works magazine 20 digital edition is here for you

The digital edition of issue 20 of Works magazine is now available for you to read here.  The new issue explores a workplace sector that is becoming increasingly confident about its future, even as it navigates rapid technological, social and economic change. The latest edition brings together major workplace projects, design debates and industry commentary that point to a common theme: the enduring value of connection, community and shared experience in an age of uncertainty. (more…)