Employers happy with staff training

SEVENTY-NINE per cent of bosses are satisfied with the training they provide to apprentices and trainees. A further 92 per cent were happy with the unaccredited training offered to their staff, while 80 per cent were satisfied with nationally recognised training. The most popular methods of training were:

Informal training 79%

Accredited training 57%

Unaccredited training 53%

Source: The National Centre for Vocational Education Research

Globalisation a major effect on assets

SIXTY-FIVE per cent of investment managers around the globe believe that the effects of globalisation are material to mainstream asset performance. Based on a survey of 157 investment management firms around the world, a further 62 per cent found corporate governance to be a relevant issue, while environmental issues such as climate change were rated by only 15 per cent of respondents. Furthermore, over the next three years more than a third of managers (38 per cent) expect clients to demand that ESG issues should be integrated into their investments.

Source: Mercer Investment Consulting

Aussie workers exhausted already

FORTY-ONE per cent of employees are already feeling burnt out this year. Twenty-one per cent of workers feel exhausted and tired, despite the fact that they have not yet reached the end of first quarter of the year. Survey results implied the need for employers to ensure workers are not burning out too quickly, and as a result, forced to look for more sustainable careers elsewhere

Source: Talent2

Retail to provide more competitive salaries

FIFTY-THREE per cent of retail employees believe their company adapts well to changing market conditions. According to the survey of retail employees, 88 per cent claimed they have a clear idea of expected results, with 53 per cent stating poor performance is not tolerated. However, the retail industry’s lowest scores were in the competitiveness of their salaries, where less than 20 percent responded favourably. This number was approximately half the general industry norm.

Source: Hay Group Insight

Glass ceilings in banking and finance

FIFTY-TWO per cent of organisations in the banking and finance sector have failed to implement female friendly policies. A survey of 50 senior women HR executives across the sector found that 89 per cent believed a glass ceiling still exists within the workplace. However, cracks are beginning to appear in the glass ceiling, with respondents claiming:

Furthermore, 68 per cent of those surveyed said women are under-represented within senior management in their organisation, with 48 per cent claiming male stereotyping and preconceptions, with lack of easy access to informal ‘boys’ networks, are the main barriers for women in the workplace.

Source: Freeman Adams

Challenges and effective leadership needed to keep staff

ONLY 5 per cent of global executives have named inconsistent or inadequate compensation as the primary reason for leaving their last job. Instead, 33 per cent of respondents claimed lack of challenges or career growth, followed by ineffective leadership (20 per cent) and attractive job market alternatives (17 per cent) as the main reasons for leaving. When asked what measures could be taken to retain talent, the responses were:

Empowering employees to make decisions 42%

Opportunities for advancement and development 32%

Better work/life quality 16%

Furthermore, 40 per cent of respondents cited the company’s management team as the most important factor when considering whether to accept a new position. Other popular responses were culture (17 percent), brand and reputation (16 percent) and current strategy (11 percent).

Source: Korn/Ferry

Employers to be more family friendly

A MASSIVE 49 per cent of employers do not provide staff with time off to attend their children’s school and extra curricular activities. Survey results highlighted the need for employers to prevent resentment among workers by adopting a more understanding and flexible work environment in the face of times where often both parents hold full time jobs. A more family friendly workplace was requested by just over two thirds (69 per cent) of respondents.

Source: Talent2