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Looking ahead, there is no clichéd 'new normal' to adopt. It’s all about leaning into the new buzzword for people and culture teams: 'Balance'. Owl Labs says 86% of employees would be happier with a hybrid setup, especially with Gen Z leading the charge. A massive 83% of Gen Z employees view themselves as job hoppers, citing factors such as better flexibility and progression opportunities as motivation for hopping. It's become clear that it’s not just about getting talent through the door; it's about keeping them engaged from day one. Post-pandemic, companies have recognised an intrinsic link between employee well-being and business success - ‘well-being’ in this sense meaning much more than free gym memberships and 24/7 therapy access. Now, its narrative is focused on cultivating environments where individuals can truly thrive, with many companies finally catching on that a healthy mind is key to thriving.
“VACANCIES REQUIRING 4-5 DAYS ON-SITE ARE EXTREMELY CHALLENGING TO FILL AND DROP THEIR CANDIDATE POOL BY 50-70%.” Michael Trick, AVP Tech Hydrogen Group
63% WILLING TO GO ABOVE AND BEYOND IF THEY ENJOY THEIR JOB
Qualtrics, 2023
Our Thrive Quiz showed that only a quarter of employees often feel overwhelmed by responsibilities at work. With greater emphasis on mental health support, better flexible working packages and a recognition of work-life integration, it’s no surprise that employee well-being is on the upswing. With 63% of employees willing to go above and beyond for a job they enjoy - investing in the tools and resources to give employees the balance they need will be a major competitive advantage for businesses. Michael Trick, AVP of Technology at Hydrogen Group noted that, "in the US tech sector, the vast majority prefer hybrid work due to remote work fatigue. Clients are pulling employees back to 5 days a week in the office, but these clients are seeing high turnover and job dissatisfaction. People will hold out for more flexible companies. Vacancies requiring 4-5 days on-site are extremely challenging to fill and drop their candidate pool by 50-70%. This is all evidence of the growing importance of flexible benefits in attracting top talent.“ There is a clear shift from purely financial motivations, as highlighted by Otta's 2022 Candidate report, where flexibility and well-being topped the list of job priorities, indicating a shift in expectations regarding traditional office work. Returning to the pre-pandemic status quo is not an option.
BEYOND THE 9-5
HYDROGEN GROUP
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