A recent survey by Express Employment Professionals and The Harris Poll reveals that honest workplace communication is crucial for success in Canadian companies. Job seekers and hiring managers alike recognize the significant benefits, including increased morale, productivity, loyalty, and reduced turnover. The survey also highlights the importance of providing managers with resources and training to effectively handle sensitive conversations and personal issues.
In the rapidly evolving technological landscape, upskilling and training have become crucial for employees to adapt to changing trends. By 2030, it is estimated that there will be 92 million digital jobs globally, highlighting the importance of skills development and lifelong learning. Huawei Technologies has emerged as a leader in recognizing these trends and implementing strategies for talent growth and employee retention. The company focuses on providing opportunities for employees to progress beyond the scope of their existing jobs, offering collaboration across departments and accessibility to senior management. Huawei also emphasizes a healthy work-life balance through recreational activities and initiatives that support employees’ individual passions. The company’s commitment to talent development extends to its graduate program and Top Minds recruitment initiative, which focuses on capability and competency rather than traditional criteria. By prioritizing these aspects, Huawei ensures a committed and skilled workforce in the face of ongoing technological advancements.
Investing in your salaried employees during an economic downturn may seem counterintuitive, but it can be a strategic move for businesses looking to survive and thrive in challenging times. Here are some key reasons why:
* **Increased loyalty and retention:** Investing in employee development and well-being demonstrates your commitment to them, leading to higher retention rates and reduced turnover costs.
* **Improved productivity and efficiency:** Valued employees are more likely to go above and beyond, resulting in higher quality output and faster turnaround times.
* **Positive impact on reputation and brand:** Customers and clients are drawn to businesses that prioritize employee well-being, enhancing the company’s reputation and attracting potential investors and partners.
* **Long-term success:** Investing in salaried employees is an investment in the business’s long-term sustainability, ensuring it emerges from the recession stronger than before.
A recently conducted survey by Express Employment Professionals-Harris Poll has shed light on the impact of work-life balance on Canada’s declining fertility rate. One-third of employed job seekers (33%) indicated that they have delayed starting a family due to a lack of work-life balance, with a higher percentage among Gen Z (42%) and Millennials (39%). The survey also revealed that two-thirds of employed job seekers (66%) prioritize work-life balance when considering starting a family. Employers are encouraged to take note and implement measures that enhance work-life balance, such as flexible work schedules, increased PTO, and childcare subsidies.
A survey by the Finance Ministry reveals that approximately 70% of Japanese companies plan to raise their pay scales in fiscal 2024. The move is primarily driven by the need to boost employee motivation, improve working conditions, and retain staff amid rising prices.
Gen Z employees are entering the workforce in droves, but many employers are reporting challenges in managing them. A recent survey found that 94% of business leaders believe Gen Z employees have a sense of entitlement, poor work ethic, and subpar communication skills. Additionally, 74% of managers find Gen Z employees harder to work with than employees of other generations.
