2018 Workplace Trends
Although it feels like Christmas was only a few days ago, we're already into the second week of January! So we decided to share our predictions for the 4 main workplace trends of 2018.
Wellness and Mental Wellbeing
It is estimated that approximately 1 in every 4 Brits will experience a mental health issue each year. However, the importance of employee mental wellbeing has long been misunderstood, overlooked and not seen as a vital part of an organisation’s HR strategy. This is slowly starting to change, and 2018 will see a big focus on employee wellbeing.
Although many studies have been published around the subject, the Government’s recently published Thriving at Work report (you can access it here) in particular has highlighted the importance of mental healthcare and employee wellbeing. The study found that the cost of poor mental health to the economy as a whole is estimated to be between £74 billion and £99 billion per year. The numbers are astronomical, and it’s important that organisations begin to prioritise the mental health of their workers. On a company level, employees who are stressed, burned out, or suffering from mental health issues are less productive and less satisfied with their jobs, which can lead to high turnover and a negative office culture.
Later in the year, we will be exploring Wellbeing in the workplace in more detail in a series of blogs. Keep an eye on our Facebook, Twitter and Instagram accounts for more information.
Rather than a one-size-fits-all approach when it comes to personal and professional development, 2018 will see a more individualistic approach. Individual employee needs will be catered for as organisations continue to invest in their personnel.
2018 will see companies move their focus to retraining and up-skilling current employees, as it becomes more difficult (and expensive) to hire new employees with the right skills. The Open University found that employers found it difficult to recruit workers with the required skills, and thanks to the so-called “Skills Gap”, it is costing UK businesses more than £2 billion per year in higher salaries, recruitment costs and temporary staffing costs (click here to read more about the Skills Gap).
Businesses are finding that spending a relatively small amount of money on increasing the skillset of one of their current employees may save them a lot of money, time, and effort in the long run.
Related to the growing trend of up-skilling existing employees, “job crafting” is becoming more and more popular. This concept sees importance in designing a job based on an employee’s capabilities, needs, and wishes, rather than trying to find an individual that fits into an existing job spec. The idea is that the strengths and weaknesses of an entire team are taken into account when allocating job tasks and will result in an increase in job satisfaction, engagement and productivity.
Change in working styles
More and more employees are asking for a more flexible working environment. 2018 is likely to see a continued increase in flexible working styles. Flexible working, whether it is flexible in terms of location (ie remote working rather than in an office), or in terms of times (ie giving an employee the freedom to choose when they work their contracted hours), is a sought-after benefit for many workers. Flexible or remote working can lead to an improvement in mental wellbeing, as well as increasing productivity and job satisfaction.
Flexible working isn’t only a benefit for an individual, it also positively impacts a business, thanks to the increased productivity from its employees. With the technology available today, as long as you have access to the Internet, it is easy to stay connected with employees, wherever they might be working.
Click here to read our blog post to find out more about remote working and co-working spaces.
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