HIGH-STRESS WORKPLACES EQUAL LOWER PRODUCTIVITY
According to Deloitte’s third annual Global Human Capital Trends 2015: Leading in the New World of Work report, organisations are finding that pressurised workplace environments often lead to high staff turnover and poorer business results.
The report showed that 87 per cent of surveyed HR and business leaders found the top issue facing their businesses was lack of employee engagement. Among respondents, 85 per cent ranked learning and development as a top issue, compared with 70 per cent last year, making this the third most critical issue in the 2015 survey.
Meanwhile, 80 per cent cited workforce skills as a top issue (up from 75 per cent last year), and 35 per cent rated the lack of skills in HR as a “very important” problem, up from 25 per cent.
Brett Walsh, global human capital practice leader at Deloitte Touche Tohmatsu, says: “There are significant shifts happening in the global workplace that business must actively manage.
“In addition to workers’ changing expectations from employers, skills needed on the job are changing faster than ever. Organisations are quickly falling behind on developing the right skills across all levels.
“There’s an urgent need for organisations to re-evaluate their learning programs and treat leadership development as a long-term investment, rather than a discretionary training spend item when times are favorable.”
The Deloitte report also showed that companies were struggling to decrease workplace stress, simplify business processes and reduce complexity.