[FEATURE] People are the super-heroes of businesses and smart organisations are building on this ethos
We talk to UKG who believe the future success of business lies in its people because “The notion of work life balance is outdated – it’s not life vs work, it’s all life’.
The events of 2020 and 2021 impacted every possible area of our businesses, our cultures, our communities. A global pandemic. Widespread lockdowns. Social upheaval. A renewed emphasis on mental health and wellbeing. A massive, overnight shift to remote work — then the tough questions of when, how, and even why to return to the office.
Everything is different now. This confluence of circumstances has accelerated a fundamental shift in the way we think about our lives both at work, and at home.
Organisations in every sector and across the globe, have been forced to consider their vulnerabilities and realise their imperative to adapt in the face of new threats and unexpected opportunities.
These unexpected realities shine a spotlight on the importance of people — the human element required to flourish in moments of opportunity or weather the storm in times of downturn.
People, more than ever, determine success when tackling strategic goals such as driving growth, increasing revenues, and improving profitability. Meanwhile, employees have closely watched how their employers have reacted to these unprecedented events and have looked inward to consider their personal values and loyalties, often asking themselves if it might be time for a change.
This phenomenon has popularly been dubbed as “The Great Resignation” which is causing a great shift in the labour market and creating a ripple across the talent pool.
UKG believe that as it has become increasingly clear that it’s no longer possible to attract and retain the right people with simply attractive remuneration packages alone, it’s time for “The Great Workforce Re-think”.
Workers want a better deal, and not just in financial terms. They are looking for an improved overall employee experience — one in which they are demonstrably valued and listened to, and which is more closely tailored to their individual needs, desires, aspirations, and beliefs.
Employees know they deserve to feel rewarded, valued, and empowered, and are emphasising more than ever the psychological contract of mutual trust and understanding that must exist with their employers.
Faced with this “New Future of Work,” organisations must adapt or risk failure, regardless of their current level of success. As employers seek to evolve, core areas of — business, like HR, payroll, and operations — they will look to the tools and technologies best equipped to help them do it.
The UKG have released a white paper which explores how businesses can recruit and retain top talent by improving their employee experience, while delivering against traditional business objectives such as driving revenues and market share
How can employers better understand and enable their employees, build better communications, and maximise human capital potential? All big questions that UKG discuss in their new whitepaper “The Great Workforce Re-think”. Get your copy HERE.
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