As companies navigate these changing business dynamics, however, attracting and retaining key talent remain top priorities. In that regard, not only is building a diverse and inclusive workplace the right thing to do, but it’s also a source of competitive advantage. In a recent study we conducted at DailyPay, 65 percent of those surveyed said that diverse workforces help companies better relate to customers, while 60 percent said diversity in company leadership is important when deciding where to apply for a job.
Today, candidates and consumers are assessing organizations by what they say and even more by what they do, so accountability and follow-through are essential when it comes to recruiting top talent and enabling them to be successful in our companies.
People Work Better When They Work From Home
Flexibility is also at the forefront of the cultural conversation, especially as it pertains to remote work arrangements. As lockdown orders ease up, millions of Americans face the prospect of returning to their physical workplaces and all that entails — including dealing with crowded mass transit options and dramatically changed office environments. Employees’ concerns about workplace health and safety are, understandably, more intense than ever before. Until there is a vaccine, many workers will feel major apprehension about heading back into a shared office space. Employers that creatively and compassionately support the diverse needs of their workforces — while continuing to deliver results to their customers — will attract and retain the best talent in the current market.
Put simply, remote work is no longer a nice occasional perk, but a permanent must-have option for many. In the DailyPay study referenced earlier, 66 percent of respondents said they would work remotely if given the chance, and 56 percent said companies that offer the ability to work remotely are more attractive to them when they’re looking for work.
This is actually great news for employers: In the DailyPay study, respondents expressed that they work more productively when working remotely. Forty-eight percent of respondents said they are more effective working from home, and a third said they work an additional eight or more hours per week when working remotely, for a total of 400+ more work hours per year. These results should contradict the prevalent notion that people who work from home treat the privilege as a vacation day...