Top 3 Workplace Trends for 2017
At RealTimeCRM CRM we spend all day, every day, focussing on you, our customers – small to medium sized enterprises (SMES). Based on your feedback we have put together a top three of predicted trends for the year ahead.
Leadership Development Programs
Did you know that within the next ten or so years there will be 10,000 people in the US retiring from the workforce every day? In the UK that figure is around 2,000 – although more workers are retiring later than they may have liked. That’s a lot of job openings to fill, and many companies will struggle to plug those gaps if they don’t implement leadership development programs.
A Deloitte study informs us that 56% of executives reported that their companies are not ready to meet leadership needs, and a measly 7% reported that their companies have accelerated leadership programs. All this adds up to a problem, especially when you factor in that employees who have access to professional development are also 10% more likely to stay with their company.
Baby Boomers are retiring, and Generations X, Y & Z will need to be able to make the transition a smooth one. Succession planning is not a new thing, but companies will need to make an increased effort at all levels of management to talent spot and then mentor suitable replacements. Of course, internal promotions create a more motivated and happy workforce, reduce hiring costs, and increase staff retention.
Health and Wellbeing Programs
This changing demographic also makes workplace health and wellbeing programs more important than ever. As people choose to remain at work for longer, there will be an increasing need for employers to support their employees in health-related matters.
Rachel Suff, public policy adviser at the Chartered Institute of Personnel and Development (CIPD) says “Older employees tend to have less short-term absence but they are more likely to have developed chronic conditions such as diabetes and high blood pressure. Employers should factor this into workplace health and wellbeing programmes.”
Some companies use wearable tech as an added ingredient in their Health and Wellbeing Programs. Fitness trackers can monitor sleep, and motivate staff to increase exercise levels, ultimately benefitting all by resulting in less absence due to sickness and a more engaged workforce. Walking clubs, healthy canteens, flexible working, and mindfulness zones are all increasingly being utilised. Mental Health awareness is also increasing, with more managers undergoing training to enable them to support employees and reduce stress levels.
Continuous-Style Performance Reviews
With the increase in younger people entering the workforce, there has been less interest in a one off yearly performance review and we may finally see those dreaded events evolve into a continuous-style performance review, broken down into much more useful feedback on a regular basis. There is evidence to suggest that staff prefer a rolling type of review as it can enable a more tailored approach. Nobody wants to wait a whole year to receive feedback on their performance - the world is a faster moving place where we expect to receive information instantly. Accenture, Adobe, Deloitte, Microsoft, and General Electric have all stopped giving the once a year review in favour of this more modern approach.
One over-riding thought we took away from this research, was the fact that we need to work cohesively together in the future. Companies who communicate with and nurture their employees will ultimately reap the rewards over the years. Work together, not apart – and use RealTimeCRM CRM as a tool to achieve this. We’d like to wish you a great start to 2017 as we welcome in the new year together.