Global Talent #21
Why Employers Must Measure ROI for Hiring Activities and How to Bridge Perception Gaps Between Managers and Employees in Hybrid Work
How Can Companies Overcome Time Zone Obstacles in Remote Work?
Michael Blanding | Harvard Business School | September 19, 2024
The shift to remote work has brought new challenges for global companies, as employees in different time zones struggle to communicate effectively. Research finds that a mere one-hour time difference can reduce real-time communication by 11%, forcing some workers to shift their schedules to align with colleagues. This disproportionately impacts women with caregiving responsibilities and employees in countries with strict work hour limits, who are less able to work outside normal business hours. To maintain productivity, companies must carefully consider the collaboration needs of their teams and set realistic expectations around response times across time zones.
Are Employers Throwing Money at Hiring Woes Without Measuring ROI?
HR News | December 18, 2024
Employers are wasting hundreds of thousands of pounds on inefficient hiring and retention practices, according to new data. Less than a quarter (24%) of organizations measure the return on investment of their hiring activity, while only 31% calculate the cost of labor turnover. This lack of data-driven decision-making costs companies dearly, with a company hiring 100 people per year potentially losing over £500k annually due to high turnover rates. As skills shortages persist, 32% of private sector organizations plan to increase recruitment budgets, further exacerbating the problem. Experts emphasize the critical need for organizations to track hiring effectiveness, understand inefficiencies, and make data-driven decisions to optimize resources and justify investments.
Will the Great Resignation Redux in 2025? Experts Say Unlikely Despite Widespread Career Dissatisfaction
Jared Lindzon | Fast Company | December 18, 2024
Despite widespread career dissatisfaction, with 73% of tech workers reporting concerns of stagnation, the Great Resignation is unlikely to repeat in 2025. While the desire to quit is high, the job market is expected to cool, limiting opportunities. Experts predict a "wave of revenge quitting" as pent-up pressure is released, but not a mass exodus like 2022. Factors like softer labor conditions and fewer openings will likely prevent another seismic shift. Though workers are eager for change, the economic landscape may not facilitate a repeat of the Great Resignation in the near future.
How is Generative AI Revolutionizing the Freelance Workforce?
Felicity Glover | Staffing Industry Analysts | December 19, 2024
A new survey by Freelancer.com reveals that the use of generative AI tools has significantly boosted productivity and earnings for freelance workers worldwide. Despite concerns about AI causing job losses, the majority of freelancers reported earning the same or more since adopting these technologies. The increase in earnings is attributed to improved efficiency and automation of tasks. While nearly half of respondents expressed concerns about being replaced by AI, the survey found that most freelancers are embracing the technology and reaping the benefits. ChatGPT remains the most popular AI platform among freelancers, with other tools like Meta AI and Google's Gemini also gaining traction. This trend suggests that AI is transforming the freelance landscape, empowering workers to become more productive and profitable.
How Can Organizations Bridge the Growing Perception Gap Between Managers and Employees in Hybrid Work?
What It Means Forrester Podcast | March 14, 2024
A senior analyst from Forrester has outlined critical insights into managing hybrid work environments effectively. The analysis reveals a persistent gap between manager and employee perceptions of workplace culture, measured through "culture energy" metrics that evaluate commitment, adaptability, motivation, and purpose. Notably, the study found that management education is often overlooked, yet crucial for standardizing positive employee experiences. The recommended approach prioritizes people first, then processes, and finally technology - avoiding the common pitfall of implementing new tools without clear purpose. Organizations can measure progress through both mindful manager assessments and culture energy metrics, helping bridge the perception gap between leadership and employees.
