How to Adapt to the Shifting Workforce Expectations
As employee expectations continue to evolve post pandemic, companies are listening. And what they are hearing is that a significant driver for candidates and employees is a greater emphasis on finding purpose in their work. Smart companies are taking the time to understand these shifts and making human resources decisions that will attract and retain employees looking for more than a paycheck. Aligning company values to promote these expectations can increase productivity, engagement and willingness to recommend the organization to others. Here are a couple ways your organization can positively impact your employees:
Diversity, Equity and Inclusion (DE&I) Programs – Effective companies are advancing DE&I programs past awareness to integration. According to the recent MMA 2023 Benefit Trends, creating a culture of inclusivity increases the likelihood of employees staying with a company by 47%. Adding DE&I into day-to-day operations instead of viewing it as simply a responsibility of the HR department can lead to better success by directly impacting employees.
Empathy and Communication – Focusing on well-being and work-life balance has become the new starting place for employers who wish to set a more positive tone in the workplace. Empathy modeled by managers and supervisors has shown to reduce burnout and disengagement. Adopt a culture where supervisors regularly check-in with employees about their wellbeing. Companies should consider offering wellness programs and/or mental health support to demonstrate they care about their employees beyond work performance.
Companies can get ahead of potential issues and address shifting workforce expectations. Since salary isn’t the only driving factor in the workplace anymore, focusing on diversity, equity and inclusion initiatives as well as empathy in your organization can create a competitive advantage for attracting and retaining top talent. Keep in mind that open and consistent communication is key to success.
To learn how you can offer inclusive benefits for your organization, reach out to a member of the ‘A’ team today.
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ABOUT THE AUTHOR
Tony Alberico
Tony Alberico is a Senior Vice President and Practice Leader at Assurance. Tapping into 20-plus years of experience, Tony leads one of Assurance’s Employee Benefits practices, setting the vision and strategy of the team. He serves a key role in advising the company’s benefits consultants and helping them develop multi-year strategies for clients. As a team leader, Tony is also responsible for creating and maintaining strategic relationships with insurance carriers and vendor partners to continually bring value back to clients. Tony earned his Bachelor of Arts degree in Speech Communications from Augustana College. He currently serves as the Vice President of the MGA Scholarship Foundation, which has provided more than $35,000 in college scholarships to high school students since 2009.
