The Top 5 HR Trends to Look For In 2021

The Top 5 HR Trends to Look For In 2021

The Top 5 HR Trends to Look For In 2021. Keep an eye out for these five up-and-coming HR trends as workforces everywhere adjust to a post-COVID world. 

It’s no secret that 2020 was a disruptive year. Fallout from the Coronavirus/COVID-19 pandemic forced millions of Americans to work from home, and changed the way employers think about employee wellness. The new workforce needs to be adaptable and resilient in the face of uncertainty and leadership must find new ways to keep their teams motivated and healthy. 

 Here are the top 5 HR trends to look for in 2021, after a year that transformed the way Americans work. 

  • Continued remote work & an emphasis on hybrid work spaces. 

A year into the pandemic, workers have had time to reflect on the pros and cons of going remote and, to the surprise of many, there’s reason to believe that work-from-home options may stick around, even after the pandemic has ended. In a recent PwC survey, 83% of employers said their shift to remote work has been successful. According to the same survey, 55% of employees want to work at least three days a week from home, even after concerns of COVID-19 fade. While this doesn’t exactly align with employers — 68% of whom claim they need at least three days in the office a week to maintain company culture — the results do make one thing clear: We are likely heading in the direction of compromise. Look for more offices staying remote or vying for half-remote, half-in-office hybrid models in 2021. 

  • Increased flexibility on work hours. 

Some Americans are beginning to feel the restrictive nature of the 9-to-5 daily grind, especially after a year where many working parents lost the support of daytime childcare to the pandemic. Now, it seems employers are exploring alternative ways to structure employee time at work, many of which are paying off. According to Gartner’s 2020 ReimagineHR Employee Survey, while 36% of employees were high-performers in the standard 40-hour workweek, that number rose to 55% when employees had flexibility over their hours and location. Expect this idea to be tested in more and more companies this year.

  • Increased employer focus on employee wellbeing and mental health support. 

According to the CDC, mental illnesses are associated with higher rates of disability and unemployment. These struggles affect more than just productivity and engagement, they can damage physical capabilities and daily functioning. Nearly 41% of adults report symptoms of anxiety or depression in their households, according to a January 2021 report from Kaiser Family Foundation, a massive spike from the 11% reported in June of 2019. With more and more employees experiencing challenges resulting from the collective trauma of the pandemic, employers must adapt. While there’s a long way to go, many companies feel more comfortable having conversations about mental health. As such, employee benefits are trending towards mental health support.

  • Increased employer focus on diversity, equity, and inclusion among staff. 

This trend isn’t based around productivity or output and isn’t about numbers or qualifiers: It’s about morality and equity. A year of social unrest has caused more companies to acknowledge their shortcomings when it comes to diversity and take the first steps toward becoming more inclusive. While diversity describes the make-up of a company, inclusion implies a more active approach. Companies are understanding that you need to be intentional about remaining inclusive.

  • Emphasis on corporations taking social and political stances. 

The United States is undergoing a serious social reckoning and being a bystander to the burning social and political issues of the day is becoming harder to justify. When the leadership of a company aligns itself with the views of its employees, the entire company culture moves towards unity and, in turn, productivity. According to Gartner research, the number of productive and engaged employees jumped from 40% to 60% when their companies acted on the social issues of the times. More and more companies are feeling empowered to voice these opinions to their employees. 

If you want to learn more about how Best Money Moves can bring financial wellness to your company, download our whitepapers.

Top 4 Biggest Challenges of Working from Home in 2021

Top 4 Biggest Challenges of Working from Home in 2021

Top 4 biggest challenges of working from home in 2021. How employers can meet the challenges of remote work and help employees adapt to working from home.

Permanent remote work arrangements are expected to double from 16.4 percent in early 2020 to 34.4 percent in 2021, according to a study by Enterprise Technology Research.

But adapting to working from home continues to be a challenging process, evidenced by popular searches like “how to stay focused working from home” and “tips for working from home with kids.”

Transitioning to remote work is a massive undertaking that’s all the more complicated when it occurs overnight in response to a global pandemic. Organizations expanding remote work capabilities in 2021 must address the biggest pitfalls of working from home for a successful endeavor. 

Top 4 Biggest Challenges of Working from Home in 2021

Minimizing Distractions at Home

Distractions are plentiful at home. Employees lose focus because of family members, pets, chores, construction, their phones, televisions and so much more. It’s important to adapt a routine that’s conducive to remote work by identifying and working around major distractions. Maybe it’s as simple as setting a specific day or time to do chores, or setting up a workspace in a bedroom to avoid high traffic areas like the living room and kitchen. 

Some employees don’t have home office equipment and could be distracted by their limited setup. Nearly 65 percent of people working from home due to the coronavirus reported new physical woes including “tech neck” and lower back pain, according to findings published in the Journal of Occupational and Environmental Medicine. Employers recognized this distraction and barrier to productivity as well as wellness and allowed workers to start expensing desks, chairs and computers or instituted allowances for WiFi and phone costs

Employers should check in with employees when adapting to remote work to see how they’re adjusting to the new routine and if they have the right equipment to get the job done at home.

Supporting Mental Health and Financial Wellness

Supporting Remote Worker Mental Health

Social isolation has been linked to depression, poor sleep quality, impaired executive function, accelerated cognitive decline, poor cardiovascular function and imparied immunity, according to the American Psychological Association. Social isolation, as well as anxiety about the virus and the uncertainty of the economy are just a few of the mental health challenges employees are experiencing that could be impacting their performance or productivity at work.

Employers can help by asking workers how they’re doing in general when conducting performance check-ins and by reminding them or even emphasizing the mental health benefits and perks that might be available, like teletherapy or mental health days.

Supporting Employee Financial Wellness

Financial stress costs employers $2,169 in lost productivity and absenteeism per employee, according to research by John Hancock. Absenteeism due to financial stress more than doubled from 2019 to 2020 and 43 percent of workers spend time on their finances during work hours. 

Nearly 60 percent of employees are feeling more financial stress during the COVID-19 pandemic than before it began. Close to 80 percent are worried about economic conditions, over 70 percent are worried about not having enough retirement savings and 22 percent have dipped into their emergency savings. 

Supporting employee financial wellness in a remote work environment is all about finding the right financial wellness program for your workforce. Best Money Moves has all the tools and features employees need to assess their financial situations; budget for monthly expenses, pay down debt, plan for emergencies, save for retirement and diversify their portfolios. It has a library of over 800 articles, videos and calculators, resources that employees can use to educate themselves about everything from investing in the stock market to co-signing loans to buying their first homes. Our team of Money Coaches, trained professional financial counselors, are ready to give employees additional financial guidance whenever they need it.

If you want to learn more about how Best Money Moves can bring financial wellness to your company download our whitepapers and sign up for a demonstration here.

Creating a Connect Culture

One of the most challenging parts of adapting to working from home is figuring out how to stay connected as a team. Over 40 percent of employees struggled with group work, 28 percent had a hard time with customer interactions, 18 percent found information gathering straining and 14 percent had a tough time with task execution when working remotely during COVID-19, according to research by Ring Central. More than half of employees said their companies did not make significant attempts to help them collaborate remotely, which made collaboration more difficult than in a physical office.

Ring Central found that 34 percent of employees working at companies that foster a connected culture say they’re more productive when working from home. When asked what helped them feel more connected at work, half of employees said that frequent employee communication helps, 26 percent said enhanced collaboration tools, 24 percent said virtual happy hours, 22 percent said peer chats and 15 percent said group video games.

Employers should work with their teams and try different ways of connecting remotely to determine what works best for them.

Flexibility for Parents and Caregivers

Over 60 percent of parents agreed that the COVID-19 pandemic made the 2019-2020 school year extremely stressful for them, according to research by the American Psychological Association. Parents were challenged with setting their kids up for virtual or hybrid learning on top of adjusting to the shift to working from home. 

Employers can better support parents and caregivers by providing more flexibility, whether it’s giving them more control over what they work on, when they work or how they work. Flexibility allows people to do their jobs while wrestling with new stressors and responsibilities, such as a child’s education or caring for an aging parent.

Meeting the Challenges of Working from Home During COVID-19 in 2021

These are the four biggest challenges of working from home in 2021: minimizing distractions, supporting employee wellness, creating a connected culture and providing flexibility for parents and caregivers. But they aren’t the only challenges employers will face adapting to a remote workforce. Employers will need to digitize HR functions and rethink benefits and perks that worked well in a physical workplace (such as staff lunch, snacks, gym memberships) to create a remote employee experience that improves productivity, retention and recruitment. 

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3 Tips for Working From Home During COVID-19

3 Tips for Working From Home During COVID-19

3 tips for working from home during COVID-19. These are three best practices for organizations with employees working from home during the coronavirus pandemic.

This is just the beginning of the work from home world if employees have any say in the matter.

Seventy percent of full-time employees are working from home during COVID-19 and 75 percent of them say they’re equally or more productive now than they were at the office, according to research by Owl Labs.

Nearly 80 percent of employees agree having the option to work from home after the pandemic is over would make them happier, so much so that 1 in 2 workers wouldn’t return to jobs that don’t offer some form of remote work. After 2020, 80 percent of employees expect to work from home at least 3 times a week. 

But that doesn’t mean there hasn’t been a learning curve adjusting to a remote work landscape. Employees have struggled with taking time off when working from home, some workers feel inundated with daily meetings and some have had trouble finding work-life balance when they’re both in the same space. 

3 Tips for Working From Home During COVID-19

Here are our top three tips for organizations working from home (WFH) during the COVID-19 pandemic and beyond:

WFH Tip #1: Build a Flexible Routine

Working from home inevitably requires employees to adopt a new routine. They no longer wake up, prep to leave the home and commute to work. While they’re glad to be saving 40 minutes of daily commuting they are missing out on that time to get into the working mindset. 

For the 25 percent of employees who told Recognize Services Inc that motivating themselves was one of the top challenges of working from home, building a flexible routine can help. 

It’s tempting to wake up just a few minutes before logging into work, especially for employees who consider themselves night owls, but it’s important they give themselves time to wake up, have coffee, jog, eat breakfast, journal, do yoga, listen to some music or anything else that helps them ease into the day. 

Breaks are also an essential part of the workday and much easier to enforce in a physical workplace. A survey by OnePoll on behalf of Freshly found that 60 percent of workers felt guilty taking any type of break, including lunch, when working from home during the COVID-19 pandemic. 

Employers should be clear about how breaks work when employees are working from home and emphatically encourage them to take them. Regular breaks not only help reduce the risk of burnout they help keep employees engaged and productive, benefitting job satisfaction and retention. 

WFH Tip #2: Stay Connected with Coworkers and Establish Remote Meeting Etiquette

Employers have leaned on virtual meetings to keep the team connected and on task when working from home, but employees are tired of having their days loaded with them. 

Eighty percent of employees agree that there should be one day a week with no meetings at all, according to Owl Labs. Another 74 percent agreed that their organization should have ‘core hours’ meaning that there are four hours a day where employees are available to colleagues and then they work on their own schedule for the rest of the time.

Whether it’s restricting meetings on a certain day or during certain hours, it’d be helpful for employees if meetings were less frequent and more meaningful so they can get back to the task at hand.

WFH Tip #3: Prioritize Work-Life Balance When Working From Home

Employees have found themselves working more and taking less time off when working from home during the COVID-19 pandemic.

The average workweek increased by nearly 40 percent during COVID-19, with workers clocking in an additional 15 hours per week, according to research by NordVPN. Another survey by Monster found that despite 69 percent of employees experiencing symptoms of burnout, 59 percent of employees took less time off than they normally would and 42 percent didn’t plan to take any time off to decompress when working from home during the coronavirus pandemic. 

The survey by OnePoll on behalf of Freshly found that 65 percent of employees feel exhausted by the end of the day because they have the demands of work and a family under the same roof. 

Employees who want to continue working remotely need to prioritize work-life balance. It’s exceptionally difficult when kids are home for virtual learning, but there are a few ways employees can strike a balance between their work life and home life, even if they share the same space. Setting a firm time to stop working whenever possible and turning off work notifications if employees aren’t on call is a great way to start creating some boundaries, along with building in those breaks we mentioned earlier in this post. 

Employers can help employees prioritize work-life balance by encouraging them to make use of their time off and asking them if there are any challenges they can help them with. Maybe parents are struggling to make meetings scheduled during a time they need to switch their kids to a new assignment or it’d make a big difference if they could log on and off an hour earlier so they could spend more time making dinner with their family. Those are two relatively simple yet meaningful accommodations employers could take into consideration to help employees make the most of their time at and away from work.

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How to Build Remote Work Culture to Support Virtual Teams

How to Build Remote Work Culture to Support Virtual Teams

How to Build Remote Work Culture to Support Virtual Teams

How to build remote work culture to support virtual teams. Four key factors employers should focus on when building a remote work culture.

Employees aren’t ready to rush back into the office just yet. Half of them, understandably, are still worried about the risks of COVID-19, according to a recent survey by Korn Ferry. 

The good news is that nearly 65 percent of workers think they’re more productive at home anyways. In fact, roughly 75 percent of employees said that they’ve been able to maintain or improve their productivity at home in another survey by Boston Consulting Group (BCG). 

The most challenging part of switching to a virtual workforce is building a remote culture that keeps employees connected and allows for fluid communication and collaboration at all levels. 

How to Build Remote Work Culture to Support Virtual Teams

Strong remote work cultures streamline communications to help keep teams connected and on task. BCG recommends employers implement new systems, norms, and technologies to support four key factors (social connectivity, mental health, physical health and workplace tools) that build a strong remote work culture with success strategies including:

  • Identifying ways to maximize social connectivity among employees
  • Creating awareness, tools, and benefits that support the mental and physical health of all employees
  • Investing in and building capabilities to use the technologies, tools, and systems that enable employees to work and collaborate remotely
  • Measuring employee productivity in conjunction with employee perceptions
  • Ensuring that the transitions between respective team norms for onsite and remote are as smooth as possible, giving employees a cohesive experience that feels designed, not random

“While COVID-19 has caused great personal, health, and economic hardship, it has also presented a once-in-a-lifetime opportunity to reinvent the workplace,” said Debbie Lovich, a BCG managing director and senior partner. “And doing so will be essential if companies are to meet employee desires for flexibility while harnessing their potential for productivity and remaining competitive when it comes to recruiting and retaining the best talent.”

Remote Work Culture and Employee Recognition

Employee recognition is an important part of workplace culture and nearly half of employees have been frustrated about their efforts not being recognized in a remote work environment, according to a survey by Prodoscore. When asked how they would feel about a tool that would allow their daily contributions to be recognized versus only the end result, 80 percent responded positively.

“We were not surprised to learn that the majority of employees surveyed were not only open to giving employers visibility into their workday but welcomed it,” said Sam Naficy, CEO of Prodoscore.

When asked what would be most beneficial to their remote productivity, over 30 percent of employees said visibility software that identifies ways to be more efficient, 25 percent said collaboration tools and 21 percent said video conferencing. 

Employees want their employers to find ways to recognize their hard work in a remote setting and they also want tools to help them communicate and collaborate with their teammates more easily. 

According to BCG, even after the COVID-19 pandemic is over, 60 percent of employees want to maintain some flexibility in where and/or when they work. Many employers have started looking into ways to extend remote work offerings to reduce overhead costs, expand their talent recruitment pool, increase job satisfaction and bolster retention efforts. 

It’s all the more reason to focus on building a strong remote work culture now and improved communication is key to achieving that. 

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Challenges of Working From Home During the Coronavirus Pandemic

Challenges of Working From Home During the Coronavirus Pandemic

Challenges of working from home during the coronavirus pandemic and what employers can do to help employees feel less stressed and be more productive.

Many employers are pushing back timelines for employees to return to the workplace as the number of new cases of COVID-19 surges in the U.S. 

Working from home is the best way to keep employees who have the capability to do so safe. But it doesn’t come without its challenges. 

Employees working remotely during the coronavirus pandemic grapple with distractions, the blurred line between work/home and they also have trouble maintaining a routine, according to research by JDP. 

Employers can limit each of these drains on productivity and job satisfaction to lower the risk of burnout and keep the team connected while employees continue to work from home.

Challenges of Working From Home During the Coronavirus Pandemic

Here are the top challenges employees struggle with when working from home and what employers can do to help lessen their impact:

Distractions

  • 54 percent of employees have more distractions at home
  • 40 percent of employees find it hard to focus on work at home
  • 15 percent of employees find it hard to focus on work with everything going on in the world

Employers can help employees limit distractions while working from home by being upfront about them. Discuss how typical distractions like pets, children and technology can pull from their focus and what they can do about it. 

For example, employees with kids might set up a work station in a guest room rather than at a busy kitchen table or at a corner in a loud living room. Workers with pets could start taking a long walk with the dog before work so it isn’t as energetic and distracting later. Employees who are anxious about everything going on in the world could try turning off news notifications during work hours. 

Every employee deals with varying distractions but prompting them to identify what pulls from their focus and helping them find ways to work around or work with it can make a big difference. 

Lacking a Routine and Work-Life Balance

  • 66 percent of employees are more likely to work nights and weekends when working from home 
  • 49 percent of employees found it hard to keep boundaries between work and home life
  • 28 percent of employees are starting and finishing work later when working from home

Establishing a healthy routine and setting strong boundaries between work life and home life is critical to successfully working from home. It’s important for employees to have a set schedule when working from home but it’s also complicated because one of the major perks of remote work is having some flexibility over how and when they get their work done. Employees should aim to work on the same days for the same amount of time each week but remain flexible and communicate with employers if that schedule needs to be adjusted slightly for things like childcare, medical appointments or other responsibilities.

The Future of Working From Home

More than 80 percent of employers plan to permit employees to work from home on a part or full-time basis even after the coronavirus pandemic and over 40 percent of employers plan to provide more flex days and flex hours to improve the employee experience.

“As business leaders plan and execute the reopening of their workplaces, they are evaluating more permanent remote working arrangements as a way to meet employee expectations and to build more resilient business operations,” says Elisabeth Joyce, vice president of advisory in the Gartner HR practice.

The trend towards flexible work arrangements isn’t slowing down. If anything, it’s gaining speed and employers who consider how remote work and increased flexibility fit into their organization and how they can meet the challenges of managing a more complex, hybrid workforce position themselves for success.

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