October 1, 2018
Workers attracted to employers with perceived strong ethical standards
New research by UK pharmaceutical company, MSD, based on an online survey of 2,000 people aged over 18, claims that three quarters (74 percent) of young workers (18-34) and 66 percent of over 35-year-olds would be happier working for a company with a positive impact and purpose in the world. Younger workers go even further with over two-fifths (42 percent) saying they would take a pay cut if it meant they could work for a company that had a positive impact and purpose in the world, with 23 percent of over 35-year-olds in agreement.
Employers considering new flexible working options for their employees are concerned about the security and management implications, according to a recent poll, despite the fact that staff now have the legal right to request flexible arrangements. The survey of medium sized businesses, carried out for RSM by YouGov, found that over the next five years, three quarters of respondents were considering introducing flexible terms of employment, allowing workers to work outside 9 to 5 or increasing the use of remote working.
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.
