Vale & West Chartered Accountants Blog

Employees looking for different things

A recent survey has found that 97 per cent of employers agree that the workplace expectations of employees in firms of all sizes are changing rapidly, and this means that many employers will have to change what they offer in order to keep and recruit staff.

According to the study, which found that flexible working has become more important to employees, 98 per cent of those polled said that their staff expect more flexibility in their working hours. Moreover, 89 per cent stated that employees are increasingly expecting home working to be readily available.

Also amongst the key employee expectations were better awareness of mental health issues at 79 per cent, better approaches to diversity and inclusion at 65 per cent and improved maternity, paternity and parental leave policies at 63 per cent. Meanwhile, 54 per cent of the employers polled said that access to financial education is increasingly popular amongst with staff.

One of the report’s authors said that there seems to be a particularly rapid pace of change in employee expectation at the moment, much of it driven by technology. This impacts on an organisation’s workforce model and has consequences on its employees’ role fulfilment, the types of people who fill those roles and the organisations they compete with for talent.

He added that how employers respond to the changes will define how successfully they can implement their future workforce plans. This was borne out in the survey results, which revealed that 60 per cent of employers are either already in the process of reacting to the changing expectation of their current employees or plan to do so in the next five years.

However, 89 per cent of employers said that they will need to change their benefits in order to meet the needs of future generations of workers.

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