Analysis

To better understand the importance of workplace culture, SHRM conducted a study in 12 countries to identify workplace trends across the globe. SHRM found, by and large, that workplace culture remains positive across the 12 countries. Even a pandemic couldn’t wreak havoc on workplace culture, which speaks to the strides that organizations have made in recent years.

To determine the list, Statista surveyed 60,000 Americans working for businesses with at least 1,000 employees. All the surveys were anonymous, allowing participants to openly share their opinions. Respondents were first asked to rate their organizations on criteria such as age, gender, ethnicity, disability and sexual orientation equality, as well as that of general diversity.

Bain & Company recently released a report after surveying 10,000 individuals across diverse industries and demographic backgrounds, in seven countries, at all levels of seniority and organizational size—to learn what makes employees feel most included.

The number of job openings was little changed at 11.3 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Hires edged up to 6.7 million while total separations were little changed at 6.1 million.

For companies to attract, retain, and grow the talent that will bring them sustained success, they need to fine-tune—or overhaul—their culture to meet the expectations of
professionals to be seen as human beings first.

These priorities for the human resources function are key to enabling success for the business as a whole. Most HR leaders say that improving operational excellence will be critical in 2022, and far more than in prior years report that executing business transformation will be a major focus.

Employees are now starting to ask human questions about the work they perform. Why am I doing this? What is it for? How can we do it better? Many are choosing to leave their jobs. The competition to attract new talent is growing fiercer than ever.

During a year that necessitated major changes for companies around the world, more than two-thirds of respondents said that their culture helps change initiatives happen. Similarly, almost 70% who said that their organizations were able to adapt over the past year also reported that their culture has been a source of competitive advantage.

According to SHRM, approximately 20 million workers left their jobs between May and September this year—which is 50 percent more than in the same period last year, when employees were still locked down in the first wave of the COVID-19 pandemic.

Research finds that empathy is not only a nice-to-have, but the glue and accelerant for business transformation in the next era of business. Empathy’s ability to create a culture of trust and innovation is unmatched, and this previously overlooked trait must be at the forefront of businesses across all industries.