Global Talent #10
Can You Confidently Hire Globally While 90% of U.S. Job Seekers Juggle Side Hustles? Plus, How Overwork is Costing Us $8.9 Trillion Annually.
Is Global Hiring Really Worth It?
Mamie Kanfer Stewart | The Modern Manager | September 25, 2024
In my recent appearance on The Modern Manager podcast, we explored the challenges and strategies for tapping into global talent with confidence. From understanding the cost benefits to navigating the complexities of labor laws and overcoming fears about remote management, we explored the step-by-step process of tapping into global talent. Whether your goal is reducing costs, filling skill gaps, or expanding into new markets, going global can be a game-changer—but only if it's the right fit for your organization. Tune in to learn the strategies that will help you take that first step with confidence.
Why Are Nearly 90% of U.S. Job Seekers Engaging in Side Hustles Despite Employer Concerns?
Amrita Ahuja | Staffing Industry Analysts | October 9, 2024
A recent survey reveals a significant trend among U.S. job seekers, with nearly 90% engaging in side hustles. 41% of these individuals admit to working on their side jobs during official company hours, raising concerns among employers, as 50% of hiring managers have noticed a drop in productivity linked to side hustle activities. Interestingly, generational attitudes toward side hustles vary widely. A substantial 67% of Gen Z and 64% of millennial job seekers advocate for the right to pursue side gigs during work hours. Despite the prevalence of side hustles, 50% of job seekers report that their employers lack explicit policies against working multiple jobs simultaneously. This has prompted hiring managers to update company policies, underscoring the need for organizations to adapt to this evolving employment landscape.
Can a Four-Day Workweek Improve Employee Productivity and Lead to Significant Environmental Benefits?
Whitney Vige | Asana | January 15, 2024
The four-day workweek has emerged as a compelling alternative to the traditional five-day model, particularly following the pandemic. This approach aims to enhance productivity and well-being by allowing employees to work four days while retaining full pay and benefits. Research shows that 54% of workers prioritize a shorter workweek, especially millennials and Gen Z, who report higher burnout levels. However, the model isn’t universally applicable; companies with client-facing roles may face operational challenges. Organizations must weigh the benefits against potential risks, ensuring a fit with their business model and company culture when making any transitions.
How Do Remote Work Platforms Simplify Compliance with Labor Laws?
Real Tech Real Talk Podcast | October 9, 2024
The discussion on the future of work reveals a notable trend: while remote work remains popular, many employees now prefer hybrid models. According to a recent survey of 6,000 U.S. adults, 39% favor hybrid arrangements over 23% who prefer full remote work. This shift prompts companies to rethink their hiring and retention strategies. Embracing flexibility is essential for attracting global talent, yet it requires navigating complex legal landscapes across different regions. Remote hiring platforms have emerged as vital resources, helping businesses comply with international labor laws while simplifying the recruitment process. That said, companies need to establish comprehensive guidelines and provide employee training to mitigate information security risks in remote environments effectively.
Why the Overwork Culture May be Costing Us $8.9 Trillion Globally
Brigid Schulte | Harvard Business Review | September 10, 2024
In addressing the pervasive culture of overwork, experts emphasize that organizational environments significantly contribute to employee workaholism. Research indicates that extensive work hours often correlate with decreased productivity and increased rates of burnout, which have substantial economic repercussions, costing an estimated $8.9 trillion globally in lost GDP annually. Organizations can adopt five strategies to combat overwork: shifting leadership mindsets to value output over hours, refining work processes, appropriately sizing workforces, fostering a culture prioritizing well-being, and embracing experimental approaches to improve work-life balance. Innovative practices, such as shorter workweeks and clear boundaries around communication, have shown promising results.
