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HR Tech Outlook | Tuesday, January 18, 2022
Work-life balance has been in high demand in recent years, and the COVID-19 pandemic has only increased that demand. Furthermore, there is a growing desire to prioritise employee well-being.
Fremont, CA: Increasing the productivity of a workforce is a never-ending goal for all businesses. As we examine the most recent workforce trends, it is clear that many of them have been shaped by the entry of the Millenial and Gen Z generations, as well as the onset of COVID-19 and its disruption in the workplace. The common thread among trends is a growing desire among employees for their workplace to reflect their personal values. Workforce management strategies have had to adapt to meet the urgent needs of these trends as the workplace has transformed drastically over the past.
The quality of a company's workforce has a direct impact on its bottom line. Employees satisfied with the company they work for are likely to be more dedicated and productive in their work. With businesses relying on freelancers and private contractors for certain tasks, employees are demanding more control and flexibility with regard to their schedules.
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Work-Life Balance
Work-life balance has been in high demand in recent years, and the COVID-19 pandemic has only increased that demand. Furthermore, there is a growing desire to prioritise employee well-being.
When COVID-19 swept the globe, many businesses shifted to a work-from-home model, giving employees more flexibility and control over their schedules. Neverthelsess, as the weeks turned into months, isolation set in, resulting in a drop in productivity for many businesses. The link between employee well-being and business success has always existed; however, the pandemic reminded many businesses of how powerful that link is.
Businesses will need to prioritise employee well-being in the future. In fact, the majority of employees not only hope to work for a company that promotes work-life balance; they demand it. Businesses that want to keep top employees and attract new ones must prioritise employee wellness initiatives and consider ways to be more flexible in order to help employees achieve a better work-life balance.
Diversity and Inclusion
Diversity and inclusion have been a rising trend for the last decade, but with the international attention garnered by the Black Lives Matter movement, this trend is now at the forefront of many business leaders' minds and with reason. Employees value work environments that reflect who they are and what they value now more than ever, and a workforce that lacks diversity simply will not do.
While diversity and inclusion are related, they are not the same thing. The people who work for a company and the demographics they represent are referred to as diversity. A diverse business will have team members who represent various identities throughout the organisation.
Nevertheless, diversity is insufficient. Businesses must also be inclusive if they are to meet the workforce's demands. Inclusion, like diversity, emphasises the importance of a workforce's contributions and perspectives, as well as how well they are integrated into the business.
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