Updated: Mar 16
We have to keep in mind that this post is not related to #corona #virus. However many organizations can take a step further to ensure business continuity while dealing with changing work culture and tough times like that of #covid19.
The topic of discussion is of greater importance when it comes to many #organisations #digital #transformation journies. Here are some of the statistics and projected to increase over the next 10 Years.
Companies with a diverse workforce are 35% more likely to outperform a non-diverse workforce68 percent of global employees are working from home at least once per month. (Owl Labs)
Ninety-one percent of respondents who are business owners selected that they had always intended to support remote work. This is up from 88% in one year. (Buffer)Two out of five full-time employees will work remotely within the next three years. (Upwork)
Out of their many differences, the most prominent one is how they approach the work and their workplace likeness/ dislikes.
One of the driving forces behind the abandonment of the nine-to-five, 40-hours-a-week, chained-to-your-desk job has been the emergence of the Millennial manager. This means their desire for a more modern schedule will have a large impact on business hiring practices, with a primary focus based on job satisfaction and a healthy work/life balance.
“As younger generations ascend in the workforce and become the majority of managers in corporate America, they’ll reshape work as we know it,” said Stephane Kasriel, CEO of Upwork.
Full-time remote positions seem to be restricted to certain industries, and statistics show they also favor younger job seekers. Millennials Are Shaping the Future of Remote Work.
Forty-eight percent of younger generation managers (Millennials primarily, but also Gen Z) are director-level or higher already, showing they have a major influence on workforce planning. (Upwork)
Employees in their 20s and mid-30s value meaningful experiences more than possessions. (Buffer)Fifty-two percent of younger generation managers ranked future workforce planning as a top priority for their department—nearly three times more than Baby Boomers. (Upwork)
These statistics tell us that younger employees dominate a large portion of remote positions and they are more likely to thrive in a job where their happiness is considered and prioritized. Millennial managers are driving the trends of the near future.
Within the next 10 years, more and more jobs may become remote as tech and forward-thinking, high-level management grows. But a large percentage of the workforce may be left out as business models become more progressive, led by the Millennial generation.
A recent report from the United Nations International Labour Organization found that while employees are more productive when they work outside of the conventional office, they're also more vulnerable to working longer hours, a more intense work pace, work-home interference, and, in some cases, greater stress.
There is no one yard to define the best policy for an organization or one can copy from the others, as every company culture is unique
While developing the policies organizations should always consider the following situations to create a balanced policy
Working stretched hours
Lack of productivity
Bad Health habits