It’s that time of year when Business Link magazine invites business leaders in the region to percentages of their predictions for the coming year.
It’s something of a tradition, as we’ve been doing it for over 30 years.
We’re with Dan Taylor, head of Ford.
As we assess what the year 2024 might bring, there are a few key themes that corporations want to fully embrace, as they are vital points for both applicants and employees.
The employer-employee relationship has undergone a paradigm shift, as seen by the recent trends in the labour market. Both employees and employers are in a position of power due to the rising demand for specific skill sets and higher rates of inflation, which paves the way for a mutually beneficial relationship. In this new dynamic where both sides have substantial influence on the nature of the workplace, cultivating a harmonious culture that emphasises cooperation and communication is crucial.
Given the transformative nature and price employers now place on training, flexible work schedules, bonuses, raises, and benefits, it’s imperative that retention be a more sensible priority.
Re-education and upskilling will also become widespread. Therefore, it is vital that companies offer education and progression systems to their staff, in order to improve worker morale, increase their adaptability and their confidence.
Candidates now compare salary in addition to emotional support, so skill will be attracted with promises of generous time off, flexibility, and intellectual fitness benefits. Initiatives such as mentoring and wellness training are now being noticed in companies.
All of this is driven by the creation of a healthier and happier workforce, as organizations look to invest more in their employees’ personal and professional progress to develop staff retention and their sense of duty, which will ultimately drive the business forward. growth.
By continuing to browse the site, you agree to the use of cookies. more details Accept
The cookie settings on this online page are set to “allow cookies” in order to provide you with the most productive browsing experience imaginable. If you continue to use this online site without changing your cookie settings or if you click “Accept” then consent to this.
Close