Is Change Your Only Uncertainty?
If you answered “yes”, you have a lot of company! Most business leaders agree on one thing - the changes taking place in today’s workplace are monumental in their scope, scale and impact. The seismic shift in how, when and where people work is having a massive effect on the ability of organizations to manage and optimize their employees’ performance. Management is struggling to adapt and many HR managers fear they are falling behind. Are there any easy answers?
Gallup recently released its 2017 State of the American Workplace Report. Their overall finding is that the changes in today’s workplace are truly unprecedented and there are no simple solutions. Instead, they are issuing their report as a call to action to management to renew and redefine their human capital strategies. To guide management in this process, Gallup’s report “provides analytics and advice on various aspects of the modern workforce, pinpointing the issues that matter most in attracting, retaining and engaging employees.”
Gallup cites several powerful evolutions as prime contributors to the transformed workplace:
- New and emerging technologies are dramatically changing the way work gets done.
- Flexible scheduling and work-from-home opportunities are playing a major role in an employee’s decision to take or leave a job.
- Organizations are being pressured to become more agile and collaborative in their organizational structures and work spaces.
- Employees are approaching the workplace with heightened expectations of the meaning and purpose of their jobs.
Some Startling Statistics
Gallup’s findings reveals the following statistics:
- From 2012 to 2016, the number of employees working remotely rose by four percentage points, from 39% to 43%. Employees are pushing companies to break down the long-established structures and policies that traditionally have influenced their workdays.
- A record 47% of the workforce believes this is a good time to find a quality job, and more than half of employees (51%) are searching for new jobs or watching for openings.
- Only one-third of U.S. employees are engaged in their work and workplace and only about one in five say their performance is managed in a way that motivates them to do outstanding work.
- While organizations are not giving employees compelling reasons to stay, most employees (91%) say the last time they changed jobs, they left their company to do just that.
A Wakeup Call for HR
According to Gallup, the modern workforce knows what it wants and is not about to settle. The competition for talent is only going to intensify as the economy continues to heat up. Employers are going to have to adapt to the needs of this modern workforce, or they will find themselves struggling to attract and keep great employees. HR is going to have to seriously retool all of its technologies, policies, practices and mindsets that influence the engagement and success of its employees. The time for action is now. We can give you a jump start.