Will The Threat Of The Omicron Variant Cause Companies To Change Their Return To Office Plans And Allow Everyone To Work Remotely? The World Health Organization reported that a new potentially dangerous coronavirus variant—Omicron— started to spread in southern Africa and some other countries.
Also known as B.1.1.529, the new variant caused countries, including the U.S., to restrict travel from people in parts of Africa. South Africa saw the number of new daily cases rise from about 200 cases to 2,465 last Thursday. Quitting Is Contagious. How You Can Prevent It from Spreading at Your Company. When one employee gives their notice, don't be surprised if a few more follow suit.
Quitting contagion is a real phenomenon--and it doesn't just happen at companies with poor management, low wages, or any other metrics that might entice workers to abandon ship. "We're very social creatures, and we tend to take cues from the people around us," says Mary-Clare Race, organizational psychologist and chief innovation officer at the HR consulting company LHH. What the CEOs of Walgreens, Hilton and Progressive think about the Great Resignation. How the Great Resignation may Lead to the Great Revitalization. The Great Attrition: Same turnover, but the “why” differs by industry. November 8, 2021Organizations are reporting unprecedented levels of turnover.
Forty percent of employees report that they are likely to leave their job within the next 3-6 months. Our research shows that employees across industries are leaving because they do not feel valued and have poor work-life balance. However, in certain industries, the following specific drivers are pushing people to leave: Unmanageable workload. Research Report: Human Agility in the Now of Work. The Great Resignation: Why Millions of People Are Quitting (and How Employers Can Earn Them Back)
A local cafe recently put up a new sign.
"Help Wanted," it reads. "Wages up to $20. “I don’t want to play” Tactical approaches can undermine useful strategies.
And knowing your goals and the reason for the game are the best way to avoid the problem. Tactical thinking forces us to think in innings. Building a world-class workforce during the pandemic. The pandemic may have upended our way of life, but it doesn’t necessitate a hiring freeze.
While there is a significant amount of attention on the companies that have shuttered, others have thrived. When the chaos of COVID-19 accelerated the need for supplier data, my company found itself in high demand. Features in publications and interest from investors enabled a period of rapid growth. Why Pivoting People Is a Strategic Priority. Just like post-pandemic physical workspaces will need revising, so too will the skill sets and capabilities of our employees.
Yes, leaders absolutely need to reimagine the workplace, but organizations cannot lose sight of the people returning to those spaces. Focusing solely on redesigning the workplace or offering flexible work arrangements (such as remote or hybrid options) without considering employees will hamstring organizations by leaving their people in the lurch. If new strategies cause changes to our workplace, then those same strategies certainly warrant a closer inspection of our workforces — both leaders and employees. The pandemic made it necessary for companies to make strategic pivots to adapt to rapidly changing environments. Return as a muscle: How lessons from COVID-19 can shape a robust operating model for hybrid and beyond. In May 2020, we published an article arguing that the return to the workplace was a new muscle that organizations needed to develop, not a plan with a predictable timeline.
The need for organizations to build this muscle is especially urgent today, as vaccination levels around the world rise, infection and hospitalization levels in many countries decrease, and companies begin their return from remote. Many companies are already in various stages of a physical return to the workplace. In the United States, for example, employees are starting to return to office locations at a greater pace. Consumer and retail footfall to headquarters has increased by 80 percent, travel and logistics are up 50 percent, and pharmaceutical and healthcare are up 10 percent. A few short months ago, it wasn’t clear that business leaders would so fully embrace a return to the office. A New Study Suggests Employee Wellness Programs Are Pretty Much Useless.
America's health and wellness challenges were clear before coronavirus struck.
Now the pandemic has blown them wide open, revealing gaping disparities and showing how many of us are more vulnerable to disease and disability because of our less-than-ideal lifestyles. For employers, this has been a horrifying reminder of just how much your employees' health impacts your business.
Employee wellness programs were popular before Covid -- 53 percent of smaller employers offer them and 81 percent of large ones -- and, after Covid, it's likely even more businesses will consider adding to their offerings. That seems logical, but according to a rigorous new study it also might be a massive waste of money. A new playbook for talent. Optimizing Return-to-Office Strategies With Organizational Network Analysis.
Leaders of organizations large and small are struggling to define return-to-office strategies that reflect an appropriate balance of in-person and virtual interactions.
In the absence of data, many leaders are advocating for hybrid models based on intuition. You don’t have to look far to find examples of companies advocating for policies fueled by a desire to get back to “seeing people,” or the blanket belief that engagement or innovation is suffering in virtual settings. But such approaches don’t optimize business performance, innovation, or engagement, because they are blind to the informal networks through which collaborative work happens. For most organizations, the balance between in-person and virtual interactions will certainly shift as a result of the pandemic. Email updates on the Future of Work Get monthly email updates on new methods of performance management, team learning, collaboration tools, and work life cycles. Please enter a valid email address. 2021 CEO Priorities Survey. Peace with the pandemic? Much has happened in the four months since the Summer 2021 edition of the Fortune/Deloitte CEO Survey. CEOs have taken note of both new and enduring challenges, but they seem generally undeterred from their mandate to drive growth and attract and retain talent.
When asked in June 2021 if CEOs believe that the business effects of the pandemic would largely be over by the end of 2021, they were almost evenly divided. A slim majority said yes. Slightly less than half said no. Four months later, no doubt with the Delta variant top of mind, CEOs have adjusted their expectations. Podcast: Hybrid Work Is Here To Stay. Now What? with Stanford professor Nicholas Bloom. Capability building - The Next Normal. A third of Americans plan to retire later due to Covid-19, study finds.
John Lund/Marc Romanelli | Getty Images Retirement savings disrupted About 14 million Americans have stopped contributing to their retirement accounts every month as of this March, the research found. That's an improvement from December, when 22 million people said they had paused their retirement savings. Women's saving suffers A so-called she-cession is poised to make the already existing financial gender gap worse. Just 41% of women say they are saving each month for retirement, versus 58% of men. Meanwhile, the retirement savings confidence gap between genders has grown wider. Pre-retirees feel negative effects. State of the Global Workplace Report. The truth behind America's labor shortage is we're not ready to rethink work.
The Joys Of Hybrid Work. Ten Things We Have Learned. As I’m sure you’ve read, Remote Work is here to stay. Not only did we thrive during the Pandemic, but two-thirds of employees prefer it. Remote work saves time on commute, saves money on dressing up, and helps people deal with family issues at home. Yes, there are issues: we have to avoid video fatigue, learn to pace ourselves, and of course find a comfortable place at home. But even with these issues, it’s a very good thing.
Now that we’ve broken the stigma of remote work (it used to be frowned upon), companies are building Hybrid Work models. How to Talk to Employees About Reopening. According to Gartner data, 94% of midsize businesses will have some mix of in-office, remote, and hybrid employees when they reopen their offices. While the desire is to return to “normal” as quickly as possible, the reality is that the workplaces...
At the start of the Covid-19 pandemic, there was rampant speculation that one of the long-term implications would be the end of the office. While the workplace will undoubtedly become a hybrid environment with more employees working remotely at least part of the time, the reality is that companies will still have offices. In fact, according to a poll of more than 200 respondents conducted during a recent Gartner webinar, only 1% of midsize companies are planning on becoming fully remote organizations. How to Avoid 'the Great Resignation' at Your Company.
"The great resignation is coming," says Anthony Klotz, an associate professor of management at Texas A&M University. This makes it sound like it's some asteroid or maybe sharks, and all we can do is brace ourselves, get our post-apocalyptic jumpsuits ready, and invest in cryptocurrency. How has the pandemic changed workforce trends? A new report from the McKinsey Global Institute (MGI) indicates that up to 25 percent more workers than previously estimated may need to switch occupations.
This episode of the Inside the Strategy Room podcast looks at how the COVID-19 crisis has permanently changed workplace conditions and skill-set needs and how corporate leaders can prepare for this future. McKinsey&Company - The Next Normal. How organisations are changing.. The next “next” generation. Introducing the Best Workplaces of 2021. 280 CapMarkets Financial Services. Three post-pandemic predictions for the world of work. Skill building at scale during the pandemic. Turnover ‘Tsunami’ Expected Once Pandemic Ends.
More than half of employees surveyed in North America plan to look for a new job in 2021, according to a new report, while separate research shows that a quarter of workers plan to quit their jobs outright once the COVID-19 pandemic subsides and recruiting efforts ramp up. What employees are saying about the future of remote work. As organizations look to the postpandemic future, many are planning a hybrid virtual model that combines remote work with time in the office. What Is Your Organization’s Long-Term Remote Work Strategy? Craftsmanship: The key to developing talent in an agile organization. March 8, 2021When building an agile organization, there is no single “off-the-shelf” model for developing talent. But a team-based organization should start with taking a deeper look at the themes of alignment, motivation, and craftsmanship.
In particular, the idea of craftsmanship features in all success models as a means of encouraging individuals to continually hone their skills to foster the behaviors and competencies required in a team-based organization. Growing from novice to master. Report: Future of Jobs 2020. Are you building employee capabilities across these four critical areas? January 25, 2021We’ve long known that the key to driving sustainable long-term performance is to place an equal emphasis on how the organization makes money (performance) and how leaders run the place (health).
Companies that do so outperform their peers threefold. More recently, we’ve found that leaders can capture even more value when they go one step further and focus on performance and health at both the organization and individual levels. Driving performance and health across levels is a tall order, even for the most experienced leader. Paper: Workforce for a Digital Future. On demand webinar: How To Develop An Agile Workforce in 2020. Report: 2021 Global Human Capital Trends. How to Monitor Remote Workers — Ethically. Quantify Your Company’s Impact on People. Creating workforce agility with opportunity marketplaces. Reskilling the workforce to be resilient. Reskilling the workforce to be resilient. Humanocracy: Creating Organizations as Amazing as the People Inside Them (August 2020) by Gary Hamel and Michele Zanini. Workforce strategies for post COVID-19 recovery. Diversity wins: How inclusion matters. The Former CEO of Volvo, Pehr Gyllenhammar, On Why People Must Come Before Profits.
Revisiting agile teams after an abrupt shift to remote. Software Teams and Teamwork Trends Report Q1 2020. How Common Is Unethical Behavior in U.S. Organizations? Strategic Workforce Planning in the Automation Era. Why we need a global reskilling revolution. Alternative Workforce. The case for change: New world. New skills. Upskilling the ageing workforce for industry 4.0.
Alternative Workforce. Staying Ahead of Disruption with Workforce Sensing. Winning the 20s: The Business Imperative of Diversity. Employee motivation in the age of automation and agility. Decoding Global Trends in Upskilling and Reskilling. How to Future-Proof Your Workforce - Workforce of the Future. Talent optimisation: why you must create leaders at every level. Whitepaper: Hiring for Culture. Augmented intelligence: how to build a future-proof workforce. How Self-Selection Lets People Excel. Why you might need to fire your best talented employee. Technology for Employee Engagement. A Crucial Role for Human Resources. Strategy+business. Kronos: Workforce Enablement Strategies. Compétences 2.0 pour faire face au VICA - JPD Conseil - LA société conseil des PME. The agile manager. The liquid workforce and why your firm should tap it - Talent & Organization Blog for Financial Services.