The difficulty in 2023 will be adapting to a workplace that is rapidly changing as firms continue to develop in the hybrid work era.
As organizations work to assist their employees, changes will need to be made to their basic infrastructure, including rules, processes, strategies, and office technology.
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Strategies for Increasing Employee Engagement
The “Great Resignation” began in 2021, and since then, about 100 million American employees have left their employment. Recently, there has been a decline in employee involvement, which has resulted in “quiet quitting“, when workers just complete the necessary tasks.
There are two main factors behind this trend: lack of employee engagement and pay dissatisfaction. However, low employee engagement is not a recent issue. Instead of referring to employee disengagement, it frequently refers to a lack of employer engagement.
Based on the survey done by Harvard Business Review, when compared to the most effective leaders, we discovered that the least effective managers have three to four times as many employees that fall into the category of “silent quitting.”
Only 20% of these supervisors’ direct reports were willing to put in extra effort, and 14% of them discreetly resigned.
By talking to and listening to workers, learning what matters most to them, and demonstrating their worth to the organization, finance leaders may reverse this tendency.
Executives have to concentrate their efforts on staff retention since it takes less time and money than hiring new personnel. Offering employees continuing education and defined career paths can help retain valued employees.
For example, new data from NearU shows that over half (54%) of users on their platform are part of Gen Z, and these users commented that they crave job flexibility.
Flexibility is very important for Gen Z. Flexible work allows them to choose remote work or fixed work in the office. One of the best benefits for Gen Z working from home is no commute time, which can help them save both time and money.
Integrating Organizational Structure and Flexibility
More than 70% of employees are working from home at least two to three days a week. It’s time to determine the company’s policy about whether management desire an in-office, hybrid, or entirely remote staff.
New and complex work patterns have a significant impact on a company’s real estate strategy, including the quantity of office space needed and the cost of using that space. they may provide staff members with the policies, guidelines, and assistance they need to succeed inside the model.
When developing policies for remote work, keep compliance in mind. Think about, for instance, how and when staff members should inform supervisors if they move while working remotely. Also, almost 60% use, or plan to use, reservation systems for space usage and/or occupancy tracking.
Company executives should also weigh in on how it will affect culture and whether it is feasible to customize a strategy that supports the business if there are reservations about establishing a hybrid workplace. CEOs should also seek their staff for advice if they are unsure of what they want.
HR is the key support to Business Growth and Success in 2023
HR workers will take on a number of additional duties in 2023 as the workplace changes.
For instance, they’ll have to oversee compliance and safety initiatives, manage the transition to an in-office, hybrid, or remote workplace, promote a supportive company culture, update workplace policies and procedures, reconsider retention efforts, update training protocols, and so forth.
A crucial component of aiding finance leaders in maintaining compliance is a great HR partner. They may assist them in keeping up with the most recent regulations, identifying areas where they face the danger of not complying, and assisting in the prevention of serious issues that might result in fines, claims, or legal action.
The capacity to adjust to change is essential for success. For their efforts to create a successful and profitable workforce strategy for 2023, finance leaders must surround themselves with positive and knowledgeable influencers.
How to level up your Organizational Structure and Flexibility? Implement your own All-in-one smart office system.