Blog : BOARD TALK
|Posted on March 3, 2016 at 12:00 AM|
Interesting. 92% of UK HR and business leaders see redesigning their organisation as their most important priority. So says Deloitte, in its Global Human Capital Trends 2016 survey. As a result, 42% of UK respondents say they are currently restructuring, and 49% have recently completed a restructuring process.
But only 36% report that they are prepared to tackle issues around engagement. Um - so what exactly are they doing in all this (doubtless expensive) 'restructuring'?
“The development of technology, the varying expectations and working styles of different generational groups, and the need to cater to the employee in an increasingly competitive labour market, are all dramatically transforming the traditional world of work. After three years of struggling to drive employee engagement and retention, improve leadership, and create an attractive company culture, executives in this year’s survey see a need to redesign the organisation itself" says Anne-Marie Malley, UK human capital leader at Deloitte.
However. "Despite the emergence of easy to use tools to frequently evaluate employee sentiment, 76% of UK organisations still measure employee engagement only once a year, 42% measure this engagement through annual surveys and 20% through interviews and focus groups" says Deloitte.
Strewth. It's a bit like a telecom plc sending you a letter in the post saying your broadband is about to be cut off.
“In an ever-competitive labour market, in order to help attract and retain talented employees it is crucial that business and HR leaders focus on enhancing their organisation’s working environment and experience. Whilst UK companies seem to know the issues with employee engagement, they need to step up and do more to address it” says Ms Malley.
Are they doing anything about reconsidering the construct of their boardrooms?
Because all this 'soft power' in Britain is lacking female and ethnic representation - imagine if that were added in.
At a time when the UK's independent corporate governance watchdog, the Financial Reporting Council (FRC) has made it very clear that company 'culture' is very important to the overall ethos of governance, 87% of UK respondents rate challenges with corporate culture as “important” or “very important”.
However, almost two-thirds of executives do not feel they are effectively driving the desired culture within their organisations, says Deloitte.