March 2022
Some employers are rediscovering how equity programs can be implemented or improved in order to help retain top talent. Shorter or more flexible vesting schedules, increased employee education, and more transparent communication about equity programs were all popular strategies highlighted in recent reports. (Morgan Stanley)
Nearly three-quarters of remote and hybrid employees say that informal work messages with colleagues have helped them navigate the transition to remote and hybrid work (particularly among Millennials). The survey findings extend to senior leadership, who can facilitate transparent discussions and create a more inclusive, welcoming environment by limiting “professional speak” and workplace jargon with younger employees. (Slack)
Organizations are losing executives as Boomer retirements snowball, but have Xers and Millennials developed the leadership skills to take over? Older workers should begin coaching early: Putting career development plans in place, clearly laying out their succession models, and asking questions rather than giving answers will all help prepare younger workers to bridge the gap successfully. (Entrepreneur)
Slack vs. Teams, Outlook vs. Gmail… In an era of remote work, many white-collar workers believe that tech tools have come to define a company’s organizational approach and personality. Since 2019, there has been a 44% rise in workers' use of collaboration tools – making understanding what employees want in their tech more important than ever. (Protocol)
The percentage of remote positions has more than tripled since the beginning of 2020, a trend that shows no signs of slowing even as many offices return to in-person or hybrid work. Tech, finance, sales, and customer service have seen particular growth in remote positions, sparking fierce competition among companies looking to hire for those roles. (Emsi)
Among workers who recently left their jobs with another offer in hand, an online survey shows that only 42% reported a salary increase – fully 53% reported having taken a job with a lower salary. Managers should keep in mind that compensation is only one possible reason an employee might choose to resign; in fact, among those surveyed, 80% received a counteroffer from their employers but still decided to leave. (Clever Real Estate)
Workers are increasingly interested in tech-enabled operations as they return to the office, but nearly half of employers have not implemented any new technologies to support reopening. Solutions that transition effectively between home and the office are essential for employees looking for a flexible work schedule, particularly in workplaces hoping to implement a hybrid solution. (Density)
First popularized as Millennials began entering the workforce, the employee “pulse survey” trend has intensified over the course of the pandemic. One “people scientist” at an employee engagement software firm estimates that the number of surveys she works on has doubled since the start of the pandemic; early surveys asked employees’ about the shift to remote work, while recent check-ins are focused on the return to the office. (WorkLife)