2024 Thrive Guide - HYD

05

BEYOND THE 9-5

“Concerns about flexibility are more common in younger generations, working parents, and those currently in flexible roles. At various points in the recruitment process, 70-80% of candidates inquire about flexibility, although this is often to get a sense of the company culture. Candidates value transparency when it comes to understanding a businesses definition of flexible work, as it differs greatly across companies and industries. With clients, we've seen excessive flexibility requests sometimes causing concern - especially if they fall outside of the stated structure,” comments Gwen Koh, AD Technology at Argyll Scott, “a major challenge with flexible working is fostering a sense of belonging and collaboration. The lack of company culture contributes to frequent job hopping. To address this, companies must invest in creating a vibrant environment through social activities, culture clubs, and team events.“ Expectation setting is crucial for being able to deliver on the experience you promise employees and candidates. HR Drive claims that 47% of employees would quit if forced into a 5-day office week and big change to working patterns could cause big changes to your attrition numbers. Additionally, AIHR reports reveal that 67% of workers prefer a hybrid work setup, underscoring the continued relevance of the social aspect of office work.

The pandemic sent shockwaves through the work landscape in ways never expected. Traditional offices became a thing of the past, and suddenly, virtual collaboration took centre stage. This shift extended far beyond adapting to remote work; it prompted a call for strategic planning, a reimagining of what the workplace should be. People loved the freedom that came with remote work, suddenly having the ability to create their own perfect working environment. Dean Jennings, Head of People and Culture at Hydrogen Group said, "It's brought us better, lasting talent and improved performance. The old 9-5 model is gone. Now, we empower people to manage their time, balancing personal and work life like never before." The removal of geographical barriers has also led to a more diverse talent pool, allowing businesses to access skillsets, cost savings and knowledge that may not have been accessible to them before. Many companies have seen impressive rewards from their remote workforce, however in turn many have seen challenges. According to the Thrive Quiz, only 20% of participants feel they use their time effectively. BetterUp’s research suggests the decrease in productivity and motivation can be attributed to employees feeling out of place in their organisation due to remote working, lack of structure and processes in place to promote team connection. Interestingly, Kincentric attributes this decline to companies not meeting post-pandemic employee demands, with only 51% of employees feeling their organisations are delivering on the promised experience.

63% careful to ensure a healthy balance between work and my home life

Results from our recent Thrive Quiz

67% prefer a hybrid work set up

Future Forum, 2023

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BEYOND THE 9-5

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