REVAMPING THE WORKPLACE: PRIORITIZING EMPLOYEE SATISFACTION IN 2023

Are you tired of the daily commute to your office? Well, you’re not alone! According to a recent report by Executive Networks, many employees worldwide are questioning the value of going to their physical workspace. With companies scrambling to adapt to pandemic-era policies, it seems that employees are feeling a bit neglected. Shockingly, only 28% of knowledge workers surveyed felt that their employer was making it worthwhile to come into the office. And if that wasn’t concerning enough, a staggering 46% said that their company was doing absolutely nothing to entice them back to the workplace.

Unfortunately, it seems they may be facing a “proximity bias,” with 71% of senior HR leaders and 62% of senior business leaders admitting to the issue. It’s time for companies to take action and make coming to the office more purposeful and “commute worthy.” Jeanne Meister, an executive vice president at Executive Networks, emphasizes the importance of companies being clear on how working in the office can enhance collaboration and innovation. But it’s not just about providing perks and increased compensation – employers must provide equal opportunities for advancement and development, regardless of where their employees are working from. It’s time to bridge the gap and make sure every employee has an equal shot at success.

In fact, 69% of knowledge workers and 56% of front-line workers are in favor of a four-day or 32-hour workweek without a reduction in pay – the ultimate dream! Unfortunately, this type of arrangement is only currently offered to about 16% of knowledge workers and 29% of front-line workers. It’s time for companies to start listening to their employees and offer more flexible arrangements that prioritize work-life balance.

But that’s not all – other key areas are also rising to the top as priorities for 2023. Skill-building is becoming more critical than ever, as the world continues to rapidly change and evolve. Addressing well-being and mental health is also crucial, as employees need to be supported and cared for in order to perform at their best. And, of course, talent attraction and retention remain a top priority for companies looking to build a successful and engaged workforce. It’s time for companies to start taking action and investing in these critical areas to create a workplace that employees truly enjoy being a part of.

Could upskilling is the most critical aspect of organizational success this year? 83% of HR leaders and 79% of business leaders believe that skills-based training should be used as a retention tool. It’s time for companies to invest in their employees and provide them with the training they need to succeed.

But it’s not just about retaining employees – companies also need to focus on career advancement and development opportunities. Shockingly, 45% of knowledge workers and 30% of front-line workers are leaving their companies due to insufficient opportunities in this area. It’s time for companies to step up and offer more to their employees.

Upskilling could be the key to enticing employees back to the workplace for on-site work. In fact, more than half of front-line workers stated that they would like in-person training with subject matter experts. And knowledge workers expressed a desire for access to coaches and online courses. It’s time for companies to provide their employees with the tools they need to succeed and thrive.

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“Other cities hopeful of securing a Formula One race, such as Miami and Las Vegas, would be well advised to study and replicate exactly what Singapore has done.”

Regus is rolling out a franchise scheme similar to McDonalds in Hong Kong→

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Mentoring, Teaching & Listening - the three crucial aspects to any innovative environment→

Different age groups bring distinct perspectives. Only with the correct workplace practices in place, can employees at any level learn from one another.

Macquarie Infrastructure Partners invest in 6 further data centers in the US.→

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The Impossible IPO →

Timing is everything - off the back of a weekend where the burning of The Amazon Rainforest has been front-page news globally, perhaps there has never been a better time for Impossible Foods to go public.

Chinese tech-giant Baidu set to compete with Alibaba and Tencent in Singapore. →

Baidu moves into Singapore, to offer their cloud computing services to Chinese companies expanding in the South East Asia Market.

The benefits of a co-working space in generating a co-working community→

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How to counteract employee burnout and how this will positively affect your business.

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Sleep vs Productivity - How can employers have a positive impact on their employees sleep. →

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