Each week I’m going to provide a round up of what I consider to be important and interesting articles on the future of work (not authored by me). These will include a variety of sources and topics ranging from workplace practices to robots and automation to leadership and everything in between. There’s a lot of information out there so I’m hoping that these weekly round ups will help make life a bit easier for you by giving you just the good stuff. Let’s get into it!
Why Your Company Needs to Offer Unlimited Vacation
Employers who are offering unlimited paid time off say it really works, meaning it helps companies attract and retain top talent — without detracting from productivity, communication or innovation.
Here are 4 reasons it works:
1. It’s a best-in-class benefit
– Competitive benefits are critical to attack – and keep top talent
2. It streamlines processes
– It is certainly simpler to track from an HR point of view
3. It builds employee morale and engagement
– It can create a culture of freedom, responsibility and pride
4. It boost performance
– Employees are able to refresh and recharge
Want to Make Employees Happy? Make Your Office Like a Co-Working Space
Co-working spaces have become popular for part-time, full-time and contract workers. This has led to a 1000% increase in co-working spaces over the last five years.
There are 3 reasons why co-working is successful. First of all, the spaces allow remote talent to connect and collaborate. Also, Millennials prefer these collaborative and open environments. Thirdly, they provide greater autonomy and productivity
Companies can recreate co-working benefits within their own workplaces by providing flexible work options (hours or locations), having open workspaces with open seating for meetings and collaboration areas and by using technology to encourage collaboration – provide the right technology to foster teamwork
Want a Happier Workplace? Studies Say The Best Companies Do These 5 Things Every Single Day
A recent study at the University of Warwick found that happiness led to a 12% spike in productivity, while unhappy workers were 10% less productive.
This article gives 5 ways to create a culture that people want to work. First of all, you have to identify what makes your workplace a good place to work. Ask your high-performers whether they’d recommend your organization to others as a good place to work.
Secondly, establish a learning spirit within the organization.Most happy organizations send a message of the importance of ‘growing our people’. Another way is to establish a culture of open communication and frequent feedback. Consider monthly one-to-one meetings rather than just annual reviews.
They also advise that you establish a culture that values greater work-life balance. 80% would be happier with more flexible work options and/or schedules. And finally, establish a culture of praise and recognition. Regular praise may improve individual productivity
Want to Keep Your Millennial Employees? You Have to Be Willing to Offer Them This 1 Thing
A 2016 survey by Jobvite cited that in the entire work force, 18% of the total changes jobs every one to three years. For Millennials, it’s 42%!
So how do you nurture the loyalty of Millennials? Guidance.
Having conversations that empower, teach and help them get the most out of life are what Millennials are seeking. Mentoring rather than managing. This is how longevity is cultivated.
My new book, The Employee Experience Advantage (Wiley, March 2017) analyzes over 250 global organizations to understand how to create a place where people genuinely want to show up to work. Subscribe to the newsletter here.