Every year new trends hit the workout place and they are something that every business owner should be aware of. Based on information gathered from HR workers, global and national online surveys, and research compiled by over 160 primary and secondary sources, here are 5 workplace trends that bosses and managers will want to look out for in 2017.
- Blended workforces are becoming more common.
Over the last 5 years the workforce has become more diversified with full time employees and freelancers working closely on projects together. A recent study on the “gig economy” found that up to 93 percent of companies currently use freelancers, alongside their regular employees, and this workforce trend is only expected to grow.
A keynote speaker at the SHRM 2016 Annual Conference in Washington D.C. stated that the increasing number of freelance workers is one of the 5 biggest trends in employment.
- Annual performance reviews are changing to continual reviews.
A common discussion in HR offices is how to make performance reviews more meaningful, both to the employer and employee. With today’s culture wanting and expecting “instant gratification” waiting an entire year to see where improvements might need to be made no longer serves employees or managers.
On a global scale the annual performance review is being replaced by daily, weekly and quarterly feedback. GE and Adobe have already adopted the practice of providing regular feedback on the company’s performance and clearly stating the expectations it has for its employees.
Studies have found that regular performance reviews can decrease voluntary attrition and significantly increase productivity.
- Millennials and Generation Z are in the workforce together.
These two significantly different generations are now in the workforce together, and this can create some friction. Millennials are typically in management positions and many have stereotyped Generation Z as being lazy or even incompetent, but both groups will put pressure on companies to change or evolve some of their policies.
This can include transforming the office to a more pleasant work environment, rewarding employees and embracing flexibility.
- Workplace wellness and well-being are crucial for attracting top talent.
Companies are starting to realize that one of the biggest risks to their employees’ health is stress at work, which is why many are striving to create a more pleasant environment. Wellness programs for employees are becoming more common and many companies are using them to attract new talent, reduce number of employee absences and save on overall healthcare costs.
Compared to 2015 the number of health related employee benefits has risen by 58 percent in the last year, along with wellness by 45 percent. This workforce trend will continue in 2017.
- Office attire and workplace culture is becoming more casual.
With younger generations now entering the workforce and even Virgin founder Richard Branson pictured on a magazine cover cutting off his tie, there is a definite trend towards a more casual workplace environment.
In a recent survey half of managers questioned stated that their employees dress less formal than they did 5 years ago, and with 1/3 preferring to work at a company with a casual dress code this trend will continue in the following years.
Staying on top of the latest workforce trends is important for managers and business owners if they want to attract the best talent, and continue to be successful. Making these necessary changes to the workplace environment doesn’t have to be difficult, and it will be well worth your time when you see employee job satisfaction and productivity improve.