"The Willis Towers Watson Global Benefits Attitudes Survey (GBAS) survey takes an in-depth look at the role of benefits in defining and differentiating today’s employee value proposition.
The high cost of poor health is just one of the many startling findings in Willis Towers Watson's biennial survey of over 31,000 global employees. In particular, when compared to employees in good health, those in poor health:
- Take twice the number sick days
- Are twice as likely to be disengaged
- Three times more likely to report above-average or high stress
Employees with financial worries fare even worse than those with poor physical health. That's critical because financial well-being has taken a nose-dive in most developed countries.
- In the U.S, short-term financial security dropped 13 percentage points between 2015 and 2017 (from 48% to 38% reporting they feel secure).
- More than half of global employees live from paycheck to paycheck and report they'd be unable to come up with $2k if they suddenly needed it.
In spite of all the attention employers are paying to health and well-being programs, less than a third of U.S., Canada, and EMEA employees feel the initiatives have helped them live healthier lives.
The report suggests employers focus on:
- Financial counseling, tools, and training
- Flexibility and choice among well-being programs
- Increasing employee engagement with programs
"An investigation of the forces reshaping the financial industry and how workplace design can position companies for success."
This report covers the threats and challenges this and many others sectors are facing such as new entrants, rapidly changing technologies, talent wars, and a loss of public trust. From benchmark space metrics to cryptocurrencies, this 36 page report is a must-read.
- For every $4 Scotiabank spends on space, they spend $1 on technology
- “The huge issue is AI and we are all trying to figure out if we will need the growth we are planning for.”
- Space and technology go hand in hand. If you don’t build the technology to support the great spaces there is no point.
- Many Ivy League graduates once drawn to the compensation and prestige of a Wall Street job are instead opting for the tech sector, where they see fewer regulations inhibiting innovation and more opportunities for explosive growth.
If any of this interests you, you really need to read the full report.
"Advice on how to make the best use of HR data analytics from the Work Rebooted conference in San Francisco.
Computers can crunch far more data than we could ever hope to but don't forget humans are still better at understanding what it all means. Remember the DIKW pyramid : Data + analytics = information, Information + context = knowledge, Knowledge + experience = wisdom. Machines are great at analytics, good at context, and getting better at experience (machine learning), but human interpretation is still key to making wise decisions.
The best organisational cultures are tolerant of the loner, the thinker. - John Wade "If I was you," said a colleague recently "now would be a very good time to involve customers, to get more people involved". No, I thought, right now that would be the worst thing we could do. Collaboration can kill creativity.…
People do their best thinking in private, NOT in groups. Over 800 studies show this to be true. So why do we keep building open workplaces under the guise of increased Innovation?
When is collaboration useful?
- When dealing with complex problems that span a range of disciplines
- For getting buy-in
- When dealing with fundamental and/or strategic problems
When isn't it?
- You really need to think
- You need radical thinking
- When you need a quick solution
HOK's new report, “The New Financial Workplace,” is an investigation of the forces reshaping the financial industry and how workplace design can position these companies for success.
This 35-page paper examines the banking industry, the threats it's facing, and how their workplace strategies are evolving to meet the challenge. It includes:
- Threats and challenges
- Disruptive technologies
- Talent imperatives
- Benchmarking data
- Case studies
- Industry trends
While the paper is industry-specific, other sectors will find the journey enlightening.