INSIGHTS FOR FUTURE READY LEADERSHIP!

Hiring Trends

• Supporting employees through the rising cost-of-living crisis includes focusing on employee wellbeing, mental health support and financial training 
• Earnings under pressure due to inflation which is eroding salary increases
• 78% fear that the rising cost of living will push employees to seek higher salaries
• Uncertainty about attracting and retaining talent with a third of business leaders having to make more counteroffers
• Key skills are hard to find and are holding back UK businesses 

Flexible Working

• Remote working is not the ‘holy grail’ it was touted to be. Hybrid working has overtaken fully remote options as businesses look to maintain culture and retain staff
• Nearly 70% say hybrid working is a compromise that works for employees and their employers
• 2 days in the office and 3 days from home is the most common option (either by choice or by workplace policy)

Perks & Benefits

• To make office-life more appealing, more than half plan to offer commuting discounts or season ticket loans to aid with the cost of commuting
• A third of companies are planning to add stress reduction programmes designed to curb burnout-related and resignations
• A third of businesses are considering reducing working hours with retention of salary
• Perks could be cut to aid due to the cost of living

Corporate culture (incl ESG, DEI and Ethics)

• 22% of younger workers would put corporate values above salary
• Candidates wish to get an idea of the corporate culture before they commit - 73% of hirers have been asked about at least one element of corporate culture at interview
• Many businesses are focusing on increasing inclusion programmes - nearly a quarter amending hiring processes and / or creating Employee Network Groups to aid with culture