#60 EY Report: Employer Work Reimagined 2021, with EY Partner, Matt Lovegrove
Matt Lovegrove leads EY’s Asia-Pacific “Work, Reimagined” project team, undertaking research and interpreting how clients need to rethink, repurpose and reshape work in a ‘coexisting with COVID’ world. Our conversation refers to the recently released EY Work Reimagined Employer Survey 2021.
To listen to episode #40 on the earlier Employee EY Work Reimagined Survey with Matt Lovegrove, go HERE
Findings:
- 79% of companies plan to make moderate to extensive hybrid work changes. Yet only 40% have communicated these hybrid working plans.
- Although employees want flexible work arrangements, 35% of companies want all staff in the office full-time when COVID ends.
- 90% of employees want flexibility i.e. hybrid working Vs. 35% of employers planning a more traditional “office optimal”
GREAT RESIGNATION
- 54% of global respondents said they’d consider leaving their job post-pandemic if not given flexibility in when and where they work
- 72% of employers believe that workplace culture has improved since the onset of the pandemic, compared to 48% of employee respondents.
- Results show a clear disparity between the pace of flexibility efforts employers are putting in place Vs. wants and needs of the employee in a post-pandemic workplace.
PLANNING
Companies are at different stages of planning for the “new normal”.
· Planning now
· Actioned already
· Waiting
This has an impact on outcomes re culture and productivity. Majority of employers are planning a hybrid return to work model:
- 35% office optimal
- 58% hybrid hopeful (flexible)
- 7% remote ready
The largest proportion (42%) believe “developing next-generation talent” is a risk they are most concerned about
A majority of employers believe that both company culture and productivity have changed for the good (in line with what employees also reported).
Fairness and equity is the top challenge with some roles requiring fixed schedules or location, identified by 45% of employers. Others highlight talent retention (43%), and culture / collaboration (40%) as key risks.
ABOUT HOST, NINA SUNDAY CSP
Contact: nina@ninasunday.com and info@brainpowertraining.com.au
Author of ‘Workplace Wisdom for 9 to thrive; the 12 soft skills everyone needs to know for workplace success’, Nina frequents the speaking stage, in-person in Australia/New Zealand and virtually to international audiences from a professional studio on transforming team culture.
With a Bachelor of Arts and Diploma in Education, and graduate of the 3-year program of the Australian Film, TV and Radio School, Nina worked as a Production Manager in television, before founding Brainpower Training Pty Ltd, now leading a team of Facilitators Australia-wide.
Nina is a past chapter president of Professional Speakers Australia, a CSP (Certified Speaking Professional) and twice-certified CVP (Certified Virtual Presenter), which means she can present virtually for any timezone globally.
If Manage Self, Lead Others inspires you, book Nina as a virtual speaker for your conference globally. In person in Australia visit https://ninasunday.com .
Brainpower Training’s face-to-face and online workshops in Productivity, Communication, Leadership or Change and will take your team to the next level. Visit: https://www.brainpowertraining.com.au/training-topics/
Nina hosts 30-Day Challenges in Priority Management https://www.brainpowertraining.com/challenge-priority-management
online for any timezone, and coming soon, Business Writing and Customer Service challenges.
Follow Nina Sunday on LinkedIn: https://www.linkedin.com/in/ninasunday/
The Manage Self, Lead Others podcast is mainly for experienced and aspiring managers to explore ways to elevate and transform team culture. Nina Sunday speaks with key experts from Australia and across the globe who share their insights in self-leadership and leading others.
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