ONLY 23 per cent of new leaders – or employees who have advanced from being individual contributors to supervising or managing others – receive the coaching they need to reach their full development potential. A US survey of 656 human resource professionals found that while organisations see value in providing coaching to strategic and developing leaders, coaching is not offered as frequently to new leaders. Employees to whom coaching is offered are:
New leaders 23%
Developing leaders 29%
Executive/strategic leaders 35%
Source: Right Management
Cheapskate employers take advantage
MORE THAN a third of employees are left short through paying work expenses out of their own pockets. A recent survey of 1792 employees found that of respondents who are forced to pay expenses on behalf of their employers only 9.6 per cent have a company credit card, leaving the rest to find the funds and juggle their income to suit their companies’ needs. A huge 43 per cent are left waiting for and chasing reimbursement. Respondents who use their own cards report being charged interest due to excessively late reconciliation by employers. A staggering 85 per cent are not reimbursed for these interest charges.
Employee benefits stable despite economic downturn
DESPITE RECENT challenges to the economy, employers are managing to maintain employee benefits. A survey of almost 1000 employers and 257 benefits showed an increase in benefits for a better work-life balance. including food services or a subsidised cafeteria (24 per cent); with 5 per cent offering concierge service.
Let me work and let my children play
ONLY SIX per cent of Australian employers currently offer childcare as part of their employment packages. According to a survey of 2675 employees, childcare is high on the list of financial worries and many workers have no choice but to use it. Forty-five per cent of respondents said that it is important to them to maintain their career path, and a further 38 per cent said that they need the income.
Are experienced employees falling behind?
WORKPLACE SKILLS are of greater importance today for experienced workers than for new entrants to the workforce, according to a recent employer survey. However, no more than half of US organisations’ employees have participated in skills training. HR professionals say that 20 out of 23 critical workplace skills are now more important for experienced employees than for new workers.
Australian cities grow costlier
Australian cities have continued to move up in the rankings of the world’s most expensive cities this year, but remain attractive destinations for employers sending expatriates overseas. Europe and Asia continue to host the world’s most expensive cities, with one third of the top 15 most expensive cities in Europe, and almost half the top 15 in Asian cities. Comparatively, Australia remains an internationally competitive destination for expatriates, with its most expensive city, Sydney, ranked 15th. To reach the findings factors such as quality of housing and education, political stability and the variety of sporting amenities, bars and restaurants of each city are considered before rankings are assigned.
Labour market for new graduates should remain strong
NEARLY TWO out of three executives say their company is hiring recent grads despite an uncertain global economy. Sixty-five per cent of executives surveyed said their organisation was planning to hire recent graduates with a bachelor’s or master’s degree this year. The survey results also provided insight into how new graduates can increase their odds of being hired, with the interview process seen as the most critical element by 71 per cent of the vote. Other elements were:
Gap between retirement needs and employee saving widens
THE GAP between the amount of savings US employees need in order to maintain their standard
of living in retirement and what their employer programs are projected to provide is widening. But,
according to new research, employees who contribute to their plan and who are willing to make
small improvements to their saving and investing habits can make a significant impact in lessening the
gap and increasing their future income potential.
Source: Hewitt Associates
Lack of communication to sales managers
FRONT-LINE sales managers are often the last to know about changed sales compensation plans. In a recent survey, 76 per cent of organisations report revising their sales plans every year. However, the same survey found that only 58 per cent of organisations communicate these changes directly to the front-line sales manager. Instead they:
Doing nothing 7%
Decentralised approach 13%
Communicate directly to sales force 14%
The top three roles to lead the design process for the sales compensation plan are sales management (43 per cent), compensation specialists (31 per cent) and sales operations (10 per cent).