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Reimagining a workplace where people and business needs both come first
Companies across Canada and around the world responded swiftly to the pandemic by safeguarding the health and safety of their people. What resulted was a shift from the traditional and static office environment to an entirely new and dynamic workplace experience. Today it’s clear the changes are here to stay, but what implications are they having on businesses themselves?
As companies reopen their physical doors, employees are bringing with them a new set of expectations. Employers must contend with the evolving demands of their people in a robust job market that has them scrambling to attract and retain the talent required for their businesses to thrive, while balancing the business requirements to achieve expected results.
Different priorities emerging between employers and their people
Our 2021 EY Work Reimagined Employee Survey — which solicited the views of employers and employees across 23 industries in 16 countries, including Canada — confirmed that today’s employers and employees have different priorities when it comes to work. Flexibility, for example, has become the new normal as opposed to a negotiable perk. More than half of employees (54%) say they will move on from the organization if they’re not given the flexibility they desire.
What’s more, traditional assumptions around productivity have gone out the window. Today, 67% of employees believe their productivity can be accurately measured irrespective of their location. More than half agree that a mix of onsite and remote work will impact their company’s ability to solve problems more efficiently, and drive productivity and creativity.
At EY, we’re supporting clients across industries through transformation towards the future of work. The companies we work with are not opposed to change. The challenge is, they’ve been so bogged down in upholding business continuity and meeting employees’ preferences that they haven’t had time to think about what comes next.
Now, companies have a unique opportunity to reimagine their workplaces, particularly when it comes to when and how work gets done. It’s a chance to take a pause and think about the needs of the business.
With this in mind, what can you do to make sure your company is keeping pace with the speed of change in the workplace?
Here are three key considerations as you determine how to strike the right balance between people priorities and priorities for your business.