Baker Tilly Appoints Shane Lloyd as Head of Diversity Inclusion and Belonging OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary

Baker Tilly Appoints Shane Lloyd as Head of Diversity, Inclusion and Belonging

CHICAGO–(BUSINESS WIRE)–Leading advisory CPA firm Baker Tilly US, LLP (Baker Tilly) appoints Shane Lloyd as head of diversity, inclusion and belonging, reporting to CEO Alan Whitman. He is the first executive in this dedicated role for Baker Tilly where its diversity, inclusion and belonging strategy is embedded into all aspects of its business.

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Lloyd was first introduced to Baker Tilly as a lead consultant at Cook Ross, an organizational development firm hired by Baker Tilly to assess its diversity, equity and inclusion (DEI) strategy and plan.

“Shane has tremendous ability to lead with both intellect and empathy, while setting the bar high for how we can keep getting better as an organization,” said Baker Tilly CEO Alan Whitman. “Personally, I felt challenged and inspired by the perspectives he brought.”

Following Cook Ross, Lloyd joined Amazon to advance their DEI efforts first within its Worldwide Consumer organization as the inclusion and engagement lead, and then as the Global Diversity, Equity and Inclusion learning leader. He has experience working in higher education at Brown and Yale Universities and in public health.

“I was drawn to Baker Tilly’s commitment to building the competencies and skills necessary to drive meaningful change,” Lloyd said. “Diversity and inclusion work means taking a methodical look at systems, and it also means going off script, valuing calculated disruption and taking risks. Baker Tilly embraces all of that.”

Lloyd holds a bachelor’s degree in behavioral neuroscience from Northeastern University and a master’s degree in public health from Brown University. Lloyd serves as the vice chair for the Maryland Montgomery County Racial Equity and Social Justice Advisory Committee and holds advisory roles in several non-profit organizations.

About Baker Tilly US, LLP (bakertilly.com)

Baker Tilly US, LLP (Baker Tilly) is a leading advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles and Chicago. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 148 territories, with 36,000 professionals and a combined worldwide revenue of $4.0 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.

© Baker Tilly US, LLP

Contacts

Nicole Berkeland

nicole.berkeland@bakertilly.com

Baker Tilly Media Relations

press@bakertilly.com 612 876 4891

IDC FutureScape - Top 10 Predictions for the Future of Work OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary

IDC FutureScape: Top 10 Predictions for the Future of Work

NEEDHAM, Mass.–(BUSINESS WIRE)–#AIML–The Future of Work predictions from International Data Corporation (IDC) signal an enduring adoption of hybrid work models by a majority of G2000 organizations, supported by broad adoption of automation and artificial intelligence and machine learning (AI/ML) technologies.

To keep pace with accelerating digital transformation initiatives and the realities of global health, climate, and social challenges, organizations must adopt more dynamic and hybrid ways of working. Workers must redefine themselves as members of dynamic and reconfigurable teams that can adapt quickly to business demands and new market requirements – anytime, anywhere, and from any physical location.

Driven by senior executives and executive boards, Future of Work initiatives will be enterprise-wide imperatives. Rapid adoption of more automated, cloud-based, and AI-enabled work practices will improve work productivity and introduce new, more agile ways of working. The insights gained from these digital-first ways of working will enable organizations to respond to the needs of customers and employees, driving improvements in employee retention and customer satisfaction.

“As organizations continue to define and refine work models best suited for their industries, they inevitably will need to calibrate the right deployment of automation, digital and physical workspace, and place technologies,” said Amy Loomis, research director, Future of Work. “Far from being a means to an end, deployment of these technologies is sparking new leadership conversations around empowering workers to be more autonomous and innovative working with IT, across functions and with clients.”

IDC’s Future of Work 2022 top 10 predictions are:

  • Prediction 1: By 2024, 80% of the G2000 will use AI/ML-enabled “digital managers” to hire, fire, and train workers in jobs measured by continuous improvement, but only 1 of 5 will realize value without human engagement.
  • Prediction 2: By 2023, G2000 line of business employees will use tools to automate their own work using codeless development, but 90% of these programs will fail without supporting COE and adoption methodology.
  • Prediction 3: 40% of the G2000 will see a 25% improvement in information usage by 2026 due to investments in intelligent knowledge networks that turn structured/unstructured data into findable and actionable knowledge.
  • Prediction 4: By 2023, digital transformation (DX) and business volatility will drive 70% of G2000 organizations to deploy remote or hybrid-first work models, redefining work processes and engaging diverse talent pools.
  • Prediction 5: 70% of enterprise businesses will have extensively invested in diversity, equality, and inclusion data, tools, and benchmarking by 2024 to define recruitment and human capital strategies.
  • Prediction 6: By 2023, 60% of G2000 businesses will deploy AI- and ML-enabled platforms to support the entire employee life-cycle experience from onboarding through retirement.
  • Prediction 7: DX-related IT skills shortages will affect 90% of organizations by 2025, costing over $6.5 trillion globally through 2025 due to delayed product releases, reduced customer satisfaction, and loss of business.
  • Prediction 8: By 2025, 90% of new commercial constructions/renovations will deploy smart facility technology supporting flexible workplaces and sustainably improving occupant experiences and operational performance.
  • Prediction 9: By 2023, 70% of connected workers in task-based roles will use intelligence embedded in adaptive digital workspaces from anywhere to engage clients/colleagues and drive enterprise productivity.
  • Prediction 10: G1000 firms will use intelligent digital workspaces with augmented visual technologies (hardware/software) in 8:10 regularly scheduled meetings by 2024 to enable high-performance distributed global teams.

These predictions are discussed in greater detail in a new IDC FutureScape report, IDC FutureScape: Worldwide Future of Work 2022 Predictions, (IDC #US47290521), which is available for download at: https://www.idc.com/events/futurescape?tab=latest-research.

The Future of Work predictions were also presented in a webinar hosted by Amy Loomis and featuring IDC Group Vice President Sandra Ng. Details and registration for an on-demand replay of the webinar can be found at: https://goto.webcasts.com/starthere.jsp?ei=1488683&tp_key=e6617ef757.

Finally, IDC has published a blog which further explores the implications of this year’s Future of Connectedness predictions. The blog can be found at: https://blogs.idc.com/2021/11/18/idc-futurescape-worldwide-future-of-work-2022-predictions/.

About IDC FutureScape

IDC FutureScape reports are used to shape IT strategy and planning for the enterprise by providing a basic framework for evaluating IT initiatives in terms of their value to business strategy now and in the foreseeable future. IDC’s FutureScapes are comprised of a set of decision imperatives designed to identify a range of pending issues that CIOs and senior technology professionals will confront within the typical 3-year business planning cycle.

To learn more about IDC FutureScape reports for 2022, please visit: https://www.idc.com/events/futurescape.

About IDC’s Future of Work Practice

As organizations accelerate and expand digital transformation initiatives, traditional work models are no longer sufficiently nimble, adaptive, or scalable. IDC’s Future of Work research practice helps organizations recognize the necessity of moving to work models that support an increasingly diverse, distributed, and dynamic workforce securely, effectively, and productively. To learn more about IDC’s Future of Work research practice, please visit https://www.idc.com/promo/future-of-x/work.

About IDC

International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world’s leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.

Contacts

Michael Shirer

press@idc.com
508-935-4200

Working From Home Is the New Must-Have Benefit Employees Are Seeking - Prodoscore Research Confirms OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer

Working From Home Is the New Must-Have Benefit Employees Are Seeking, Prodoscore Research Confirms

A Hefty Majority Say Remote Work Makes Them Happier vs. Working in the Office

IRVINE, Calif.–(BUSINESS WIRE)–While business leaders debate the pros and cons of remote work, employees are clear: they want to hold on to their ability to work from home. According to a new third-party survey from Prodoscore, the leader in employee visibility and productivity intelligence software, the overwhelming majority of Americans (82.3%) are happier working remotely vs. working in the office.

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But there are challenges. One that looms large for remote workers is the “fear of missing out,” a consequence of not being physically present in the office, where employees can be seen working diligently by upper management. Nearly a third of Americans surveyed (32.7%) said they are experiencing paranoia due to working remotely. Of those that are feeling paranoid:

  • 71.5% said it has impacted their productivity at work
  • 48.8% said they think they’re missing out on important conversations
  • 48.8% said they feel like they’re replaceable
  • 40.1% said it’s due to the inability to understand tone through virtual messaging
  • 19.8% were concerned other employees were talking behind their (virtual) backs

“Survey after survey, ours included, confirms that at the very least employees want a hybrid work option,” said David Powell, President of Prodoscore, “We are faced with massive resignations and retirements. Millions of jobs are not getting filled. It is critical that we rethink how we define our workplaces, so that our employees are not paranoid, are able to be their most productive, and don’t want to quit.”

A Dedicated Home Workspace Makes All the Difference

Managers can foster productivity and a positive WFH experience by ensuring their teams have a designated, well-equipped home workspace.

Prodoscore’s research shows that nearly all remote workers (93%) believe having a dedicated home office makes WFH more enjoyable and boosts productivity. For many employees, this perception comes from firsthand knowledge: almost two-thirds (65.2%) of Americans surveyed who work from home have a designated home office.

Who’s going to bear the cost to equip the home office? Two-thirds of employees (66.4%) expect their employers to provide them with tools for success, whether that’s the necessary technology or the ergonomically correct chair and desk.

  • Expectations vary widely between generations. Those between the ages of 18 and 39 are more likely to expect their employer to outfit their workspace (77.5%), compared with Americans between 55 and 65 and above (48%).

Early in the remote worker phenomenon, there was speculation that employees would move to less expensive locales or even far-flung locations, given the opportunity. But that has not proved to be the case. Our research shows that remote workers are staying put, with only a small percentage (11.8%) moving out of the city where their office is located. Of those who moved, 44.8% reported it was somewhere with a lower cost of living.

The Younger the Children, the More Difficult WFH Becomes

Highlighting the critical need for a dedicated workspace is the reality that more than two-thirds of working parents (69.5%) had their children at home with them. The level of difficulty reported was directly proportional to the age of the respondent’s children.

  • Not surprisingly, the younger the age of the children, the harder WFH is for parents: nearly two-thirds (60%) of parents of children between newborn and 2 years say that having kids at home made it difficult to work remotely.
  • For employees between the ages of 25 and 39, more than half (58.9%) reported WFH with young children was challenging. This cohort had more children under the age of 12 than any other group.
  • Across generations, less than half ( 41% ) said it was difficult having a child at home while working remotely.

“This research demonstrates that while working from home is preferred over commuting to an office daily, it is not without its challenges,” Powell said. “For parents of young children, whether they work at home or on-site, the juggle remains intact. How can upper management help? One easy fix is to ensure that our employees have a well-designed workspace, as well as access to the tools to succeed. We need to make decisions based on the reality that our success as a company is dependent on employees’ happiness and productivity.”

Methodology

In September, Prodoscore and Propeller Insights polled more than 1,000 U.S. adults working full time across demographics about working from home, the importance of dedicated workspaces and some of the challenges they are facing.

About Prodoscore

Prodoscore™ is a company dedicated to empowering teams to be more effective and productive, validated with improved performance and enhanced contributions. By providing visibility into employee activities through a single, easy-to-understand productivity score, a “prodoscore” is calculated to improve workforce productivity and streamline the employee experience. Prodoscore works seamlessly with cloud tools like Google Workspace, Office365, CRM systems, and VoIP calling platforms, allowing it to be quickly implemented and maintained. Learn more at prodoscore.com.

Contacts

Nadine M. Sarraf | CMO, Prodoscore | 213.262.2551 | nadine@prodoscore.com
Alessandra Nagy | VP, Bospar PR | 714.310.4439 | alessandra@bospar.com

56 Percent of Surveyed HR Executives Cite Lack of Mission Critical Resources to Navigate Future Workplace OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer

56% of Surveyed HR Executives Cite Lack of Mission-Critical Resources to Navigate Future Workplace

National Survey Findings Confirm Most Organizations Embracing Digital Transformation, But Challenges Remain in Managing New Normal of Hybrid Work

HAYWARD, Calif.–(BUSINESS WIRE)–Ripcord, the world’s first robotic digitization company, today announced the release of “The State of Digital in HR Survey” results of more than 800 senior level executives and HR professionals covering the current state of HR practices and documentation. The findings revealed while progress has been made towards businesses embracing digital transformation, resources were named the primary barrier. Most notably the technology sector has experienced significant backlog issues for HR paperwork since the COVID-19 pandemic began.

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The pandemic has upended the workplace in a variety of ways, creating new hybrid and remote workplace models, and causing business executives to accelerate planned workforce investments, such as digitization. Considering this shift, Ripcord asked HR directors, VPs, CHROs, and CPOs about the impact COVID-19 has had on digital initiatives in HR management, particularly how businesses manage documents, data and employee information.

Key Findings

  • Most (71.80%) of respondents have experienced significant backlog issues for HR paperwork since the COVID-19 pandemic began, a situation that might inevitably lead to other business management issues.
    • This is the central issue for nearly all (98%) respondents affiliated with the technology sector, a reflection of tech’s job market which has been dynamically evolving in the past 18+ months with the creation of new remote and hybrid working arrangements, new spending priorities for businesses around IT infrastructure, automation and the huge shift towards e-commerce.
  • A majority (74.78%) reported that the current method for managing HR documents is working, however, one in four (25.22%) admitted they are still struggling to manage documents in a post-pandemic workflow.
  • Two in three respondents (62%) have shifted towards digital-only documentation, however, for approximately 40% respondents paper still holds strong value.
  • Nearly half of the respondents (45.47%) believe they will be fully digital in the next two to five years, while slightly over 1 in 10 (11.68%) think they will rely solely on paper.
  • While advancing digital transformation, lack of resources was the primary barrier for more than half of the respondents (56.02%), followed by technology readiness (48.94%). Budget, however, was named the least significant obstacle (40.62%).

“We know that many enterprises express a desire to go fully digital but still rely heavily on paper-only management tools,” said Kevin Hall, CTO and Co-founder of Ripcord. “There is tremendous opportunity to assist business leaders to kick-start their digital transformation journey and address immediate needs, such as IT infrastructure and document management, to ensure a successful path to digital,” Hall added.

Looking Ahead – Harnessing the Power of Digital Transformation

  • Businesses still struggle with navigating the digital landscape (25%) and there is a greater need for digital solutions to help those enterprises embrace the transition.
  • The time to initiate the process towards digital transformation is now — with the job market trends evolving, the HR documentation backlog will only lead to further business management issues leaving companies behind and affecting their operations and market competitiveness.
  • Reliance on paper-only management solutions will harm the companies’ effectiveness in managing operations and employees as the business world is shifting towards digital tools and new technologies. Hence, digitization experts can help dispel common fears and misconceptions about digitizing efforts.
  • Digitization experts should view themselves as trusted advisors and counselors to help overcome the technology readiness barrier that’s preventing businesses from going digital.

“Companies behind on digital transformation efforts are seeing it impact all aspects of their business, especially human resources,” said Brooke Bento, Chief People Officer & Chief of Staff at Ripcord. “HR professionals are bogged down with a backflow of paperwork from transitioning to a remote or hybrid workforce, and they need more digitization resources. When one area of your HR workflow is struggling, this will inevitably lead to other issues down the road, so it’s important for companies to address this issue now,” Bento added.

The respondents, 50% of which were human resources professionals at the VP level or higher, represented technology (23.60%), followed by retail (14.91%), healthcare (16.65%), manufacturing (13.04%), energy (7.45%), education (11.55%), and the financial (8.57%) sectors. Business sizes ranged from 1-50 and 5,000 and greater, located across the U.S.

For additional survey findings, visit Ripcord’s website here.

About Ripcord

Ripcord is transforming the $62 billion records management, RPA, MPS, and ECM space through robots that scan, index and categorize paper records, making them searchable in the cloud and integrated into existing enterprise systems. Ripcord is based in California. and has raised $65 million from leading investors including Kleiner Perkins, Google Ventures, Baidu, Lux Capital, Silicon Valley Bank, Steve Wozniak, Legend Star, and Icon Ventures. For more information about RIPCORD, visit www.ripcord.com.

Contacts

Agata Porter

ripcord@matternow.com

Employee Surveillance Measures Could Threaten Trust and Increase Staff Turnover VMware Research Finds OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer

Employee Surveillance Measures Could Threaten Trust and Increase Staff Turnover, VMware Research Finds

Rise in remote working requires new ways of monitoring performance and output but not simply through counting keystrokes and time at the desk

PALO ALTO, Calif.–(BUSINESS WIRE)–VMware, Inc. (NYSE: VMW), a leading innovator in enterprise software, today shared results of a global study that revealed the rise in employee performance and trust established in new hybrid working models could be under threat from an increase in the implementation of remote monitoring measures.

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The study, “The Virtual Floorplan: New Rules for a New Era of Work,” conducted by Vanson Bourne on behalf of VMware, found that 70 percent of companies surveyed have either already implemented or are planning to implement employee surveillance measures to monitor employee productivity since the shift to hybrid working. Among these organizations, the measures being taken include the monitoring of emails (44%), web browsing (41%) and collaboration tools (43%), as well as video surveillance (29%), attention tracking via webcams (28%) and keylogger software (26%). However, 39 percent of companies that have already implemented device monitoring, and 41 percent of companies who are currently in the process of doing so, are in fact seeing “drastically increased” or “increased” employee turnover.

The research findings suggest there is a delicate balance to be struck as businesses look for new ways to assess employee performance beyond presentism. From the employee perspective, three quarters (75%) agree that moving to a distributed working environment has meant that their performance – and not traditional metrics such as time spent in the office – is being valued more by their employers. And, 79 percent of employees agree that remote work technologies have enabled them to work more efficiently than before. 74% of organizations have had to develop new ways to measure employee productivity. Among these organizations, the new approach to monitoring productivity has been achieved through the use of performance-focused solutions including regular catch-ups with managers to discuss workloads (55%), assessing output and agreed deliverables (53%) and using new project management software (47%).

However, now that direct reports are not necessarily sitting a few cubicles away, employers are evolving new ways to monitor and quantify employee productivity. While approaching six in ten (59%) employees recognize their organization has had to develop new ways to monitor productivity as part of the move to hybrid working, transparency remains critical. A quarter of employees (24%) don’t know whether their organization has implemented device monitoring systems on their devices to monitor their productivity.

“Globally we are seeing organizations shift permanently to hybrid work models that don’t require knowledge workers to be office-based all the time. With this shift, employers should proceed with caution when replacing presentism with monitoring tools. Monitoring and performance are two very different things,” says Shankar Iyer, senior vice president and general manager, End-User Computing, VMware. “Digital workspace tools enable people to work from anywhere and our research shows employees are feeling more valued and trusted. A lack of transparency and measurement by ‘stealth and numbers,’ can quickly erode employee faith and lead to talent heading for the door, in a highly competitive and challenging skills market.”

Employee surveillance is one of many topics touched on in The Virtual Floorplan: New Rules for a New Era of Work. Other key findings include:

  • New “workplace tribes” have emerged via digital tools used by employees. The stabilization of hybrid work has resulted in a new kind of office floorplan — a “virtual floorplan,” which is based more on affinity, shared goals, and shared values than physical proximity. The virtual floorplan comes with new rules, as well as new success factors for employees, leaders, and teams. View the infographic.
  • We’ve entered a new era of transparency and trust. With less central control and in-person interaction, transparency and trust are emerging as vital qualities that leaders must embrace to advance and unify their organizations in a hybrid-by-default world. View the infographic.
  • Security is a team sport. The virtual floorplan introduces countless freedoms for employees — and just as many security risks for IT. With less direct control over apps, devices, and networks, IT is navigating a new paradigm where security is a team sport. View the infographic.

An executive summary of the study can be downloaded here.

Methodology

VMware commissioned a survey, undertaken by an independent research organization, Vanson Bourne, in July and August 2021. 7,600 respondents were surveyed globally, consisting of HR, IT and business decision makers as well as employees across IT, Manufacturing, engineering and production, Financial services, Business and professional services, Retail and wholesale, Energy, oil/gas and utilities, Distribution and transport, Public healthcare, Construction and property, Public Education, Telecommunications, Consumer services, Local government, Central government, Media leisure and entertainment, Private education, Private healthcare, Hospitality and others. All organizations surveyed have 500 or more employees globally. The countries surveyed include UK, Germany, France, Italy, Netherlands, Russia, Poland, Norway, Sweden, Spain, UAE, Saudi Arabia, US, Canada, Japan, Australia, India, China, Singapore and South Korea.

About VMware

VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda. For more information, please visit www.vmware.com/company.

Contacts

Angela Leaf, VMware Global Communications, +1 860 480 3367, aleaf@vmware.com

Survey Finds 63 Percent of Employees Lack Confidence in Their Companys Return-to-Work Strategy Up 16 Percent From Spring 2021 OutBuro lgbtq employees networking online community

Survey Finds 63% of Employees Lack Confidence in Their Company’s Return-to-Work Strategy, Up 16% From Spring 2021

Humanyze’s second 2021 Future of Work Report reveals work’s evolution during the pandemic and workforce sentiments about the post-pandemic future of the workplace

BOSTON–(BUSINESS WIRE)–Humanyze, a leader in workplace analytics, today released the second installment of the 2021 Future of Work Report, a holistic analysis of the evolution of work throughout the pandemic and employee sentiments about the post-pandemic future of the workplace. Nearly 2,300 survey responses were collected from individual employees and people managers, and compared to responses from the spring 2021 report, to identify key changes over the last 6 months. The findings from both surveys were then measured against data from the Humanyze Platform to compare how employees and managers feel, with how they actually work.

Humanyze Logo

“Looking at subjective workforce sentiments and how work objectively gets done within organizations gives us a holistic view of the pandemic’s impacts and what this could mean for the future of work post-COVID,” said Taemie Kim, Co-founder and Chief Scientist, Humanyze. “Measuring our own analytics against these survey responses revealed that, although employees seem to be effectively adapting to remote work as the pandemic continues, many challenges and concerns remain.” At a time when employee attrition and operational resilience are top concerns for employers, the report’s latest findings further emphasize the importance of a data-driven, people-centric approach to workplace decision-making.

Biggest Challenges & What’s At Risk

When asked about their greatest work challenge during the pandemic, the top response for employees was work-life balance, followed by the lack of informal social interactions with colleagues, managers, and leadership. Managers, on the other hand, listed employee attrition and disengagement as their main hurdle, followed by decreased productivity. “A big driver of employee engagement and productivity is the ability to seamlessly interact with coworkers, which was obviously hindered after the abrupt shift to remote work in 2020,” said Ben Waber, Co-founder and President of Humanyze. “If employees feel disconnected from the organization, it ultimately seeps into disengagement with the work itself.”

After the start of the pandemic, Humanyze observed a 21% decrease in collaboration with “weak ties,” peripheral colleagues that you interact with less frequently but are essential for engagement, knowledge-sharing, and innovation. While this remains the case today, not all employee collaboration has suffered. Compared to pre-pandemic, Humanyze data shows meaningful increases in cross-level, cross-team collaboration, and communication between employees and their immediate colleagues and managers. “Interestingly, our data shows employees are changing how they work, and doing so in ways that can actually help address many of the challenges mentioned in the surveys,” said Waber. “Remote work undeniably comes with its challenges, but it’s also showing us that employees can adapt over time.”

Shaping the Post-Pandemic Future of Work

Although employees and managers seem to be adapting to remote work and collaborating more effectively since the start of the pandemic, one of the more concerning recent takeaways is an increased lack of employee confidence in their company’s future of work. Of those surveyed, 63% lack full confidence in their company’s post-pandemic workplace strategy being the right decision for employees, compared to 46% in April 2021.

Survey findings demonstrate a need for better communication and transparency from executive leadership, with over 50% of employees reporting they do not feel fully informed about their company’s post-COVID plans or how decisions get made. Around 20% of managers cited having absolutely no involvement or say, showing leaders have significant work ahead of them to achieve a more inclusive, transparent culture.

Although more than half of managers cited the use of employee surveys to understand employee preferences, 70% reported their company is not leveraging any other data or workplace technologies to inform strategies. This shows that, even in the digital age, objective data is still not a driving force for informing critical business and people decisions.

“Without effective communication or the necessary supporting data to inspire confidence in the company’s strategy, it makes perfect sense employees have these concerns and doubts,” added Waber. “As we see from our own data, employees have proven their resiliency in times of change, but leadership must establish trust in order to retain and support their people.”

What Managers and Employees Want

One key takeaway from the fall survey is that employees want continued flexibility, but still value the benefits of working with colleagues in-person. Although the majority of employees remain open to going back to the office in some capacity and listed in-person collaboration with colleagues and leaders as their top reason for doing so, 37% continue to agree they’d prefer to not go in at all.

When asked about their preferences in a hybrid work scenario, employees and managers both expressed a desire for thoughtfully-planned coordination. Forty percent of employees would want a fixed return-to-office schedule where they see the same people each time, while 45% of managers also ranked a fixed schedule as their top preference.

“Companies must realize, every team is different,” said Kim. “While a universally equal policy from the top down might sound best, and may be easiest, it impacts groups differently. Where it works for some, it fails for others. Therefore, manager input and employee surveys combined with leveraging available data and tools are critical to correctly identifying individual teams’ best working styles for post-pandemic planning.”

Behind the Survey & Data

In October 2021, Humanyze collected responses from nearly 1,000 managers and 1,265 employees through a third-party provider and compared these findings to results from the first 2021 Future of Work installment released in April. In spring 2021, only employees were surveyed, whereas the fall survey included both employees and people managers.

Survey findings were then measured against data from the Humanyze Platform, which leverages decades of MIT Research and billions of anonymous workplace interactions from large global companies to measure how, where, and with whom work gets done.

To learn about the report findings and hear from industry experts as they discuss the Future of Work, join Humanyze alongside thought leaders from Nike and Co3 for a webinar on Wednesday, Nov. 17th. To attend, register here.

To download the complete Fall 2021 Future of Work Report, visit humanyze.com/report-2021-fall-future-of-work/.

About Humanyze

Humanyze is a leading global provider of workplace analytics solutions, helping business leaders improve organizational effectiveness, a critical driver of financial performance. Enterprises use the Humanyze Platform’s data-driven benchmarks, indicators, and metrics within the categories of employee engagement, team productivity, and organizational adaptability, to inform and accelerate better management, HR, and workplace decisions. Founded in 2011 out of the MIT Media Lab, we offer an award-winning, patented AI platform with varying solutions that address today’s most pressing business challenges. These science-backed insights empower companies to confidently make decisions and continuously measure their impacts for ongoing improvements in the areas of Workplace Strategy and Organizational Health. Humanyze is committed to core values of data privacy for all employees and ensures 100% anonymity by design. We have a global presence spanning the US, Europe, and Asia and are on a mission to improve the Future of Work.

Contacts

Media Contact:
Giuliana Sannella

Matter Communications for Humanyze

humanyze@matternow.com

BAI Survey of Financial Services Employees Shows Over a Third Feel the Pandemic Has Had a Negative Impact on Their Mental Health OutBuro lgbtq employess professionals networking online community

BAI Survey of Financial Services Employees Shows Over a Third Feel the Pandemic Has Had a Negative Impact on Their Mental Health

CHICAGO–(BUSINESS WIRE)–Recent research by BAI, a nonprofit independent organization that delivers the financial services industry’s most actionable insights, reveals that while employees’ work/life balance has improved during the pandemic, their mental and physical health and work load have been negatively affected. HR leaders are taking note and looking at ways to preserve the positive impacts of the pandemic work environment, while helping employees work through the personal challenges they are facing.

BAI logo 2018

BAI surveyed more than 250 financial services employees to better understand how the pandemic had affected their personal and professional lives. While the results on work/life balance were positive, the research showed a negative 37% net impact on mental health, a negative 13% net impact on physical health and a negative 22% net impact on workload.

“Increased remote work arrangements with more flexibility in where and when employees work has predictably had a positive impact on work/life balance,” said Karl Dahlgren, managing director at BAI. “However, for the long-term health and engagement of their employees, it is important for financial services leaders to better understand and act on other negative impacts from the pandemic.”

BAI hosted a Fireside Chat Webinar, “The Impact of the Pandemic on Financial Services Leaders,” to walk through the study and discuss how leaders can help employees with things like mental health and workload challenges. Participants included Catherine Garret, Senior Vice President, HR Operations, Technology and Compliance at Comerica Bank, and Dannielle Brown, Head of Employee Experience at M&T Bank. Moderated by Holly Hughes, Chief Marketing Officer at BAI, the discussion included real examples of how the participants are working to help their employees during these transitional times, including extending mental health services, monitoring employee workloads through analytics, and creating manager resources to help employees transition back to the office. The webinar was published November 9 and can be accessed on demand.

About BAI

As a nonprofit, independent organization, BAI has delivered the financial services industry’s most actionable insights for more than 95 years, helping leaders make smart business decisions every day. We provide in-depth, proprietary research to more than 40 of the top US banks, support more than 2,100 financial services organizations with compliance and professional development training, provide trusted, relevant thought leadership through BAI Banking Strategies reports, podcasts and webinars, and offer specialized events and programs. For more information, visit www.bai.org.

Contacts

Kendall Carwile

William Mills Agency

678-781-7224

kendall@williammills.com

BioSpace Releases Inaugural Best Places to Work in Biopharma Report OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary

BioSpace Releases Inaugural Best Places to Work in Biopharma Report

DES MOINES, Iowa–(BUSINESS WIRE)–BioSpace, the leader in biopharma news and careers has today published its inaugural Best Places to Work report.

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The 2022 Best Places to Work in Biopharma report included responses from over 2,000 professionals from the biopharma industry to identify which companies are currently the most sought-after in the industry.

A total of 60 employers have been recognized as Best Places to Work, with 30 ranked in large (defined as more than 1,000 employees) and small (less than 1,000 employees) employer categories respectively.

“The biopharma industry has been experiencing a huge amount of both global appreciation and scrutiny. BioSpace felt it was important to recognize not only what these companies do for world health, but how they support the incredible industry professionals they employ,” said BioSpace CEO Josh Goodwin. “It’s important to highlight companies, like those on this list, that are doing things right in the eyes of their own community.”

Moderna, creator of one of three COVID-19 vaccines authorized in the US, was ranked as the number one most desirable large employer. Pfizer, Genentech, Amgen and Abbvie rounded out the top five large employers list.

CRISPR Therapeutics, leader in gene editing, gene sequencing and genetic testing, came out on top for small employers. 23andMe, 10x Genomics, Agios Pharmaceuticals and Intellia Therapeutics completed the top five small employers list.

Additionally, the report identifies the most valued employer attributes. Career growth and development was rated most highly, followed by leadership and pay.

To view the complete lists of 2022 Best Places to Work, click here.

About the Survey

Conducted in September 2021, research included responses from over 2,000 life sciences professionals. Respondents were asked to identify their top three most desirable biopharma companies, segmented by large (more than 1,000+ employees) and small (less than 1,000 employees) companies. Respondents were also asked to rate the importance of 10 attributes (i.e. pay, benefits, etc.) when thinking of top employers.

About BioSpace

BioSpace is the leading source for careers and news for life sciences professionals in the United States. Since 1985, BioSpace has provided essential insights, opportunities and tools to connect innovative life sciences organizations and talented professionals who advance health and quality of life across the world.

Contacts

Chantal Dresner

Marketing Director, BioSpace

chantal.dresner@biospace.com

Skillsofts Global Knowledge Skills and Salary Report Finds Three in Four IT Departments Face Critical Skills Gaps OutBuro lgbtq professional entreprenuer networking online community gay lesbian queer

Skillsoft’s Global Knowledge Skills and Salary Report Finds Three in Four IT Departments Face Critical Skills Gaps

Gaps in IT staff skills causing increased stress levels and decreased productivity within organizations

BOSTON–(BUSINESS WIRE)–#LandDSkillsoft (NYSE:SKIL), a global leader in corporate digital learning, today released its annual Global Knowledge IT Skills and Salary Report, exploring the current state of skills gaps, training and development, compensation, and job satisfaction in the IT industry. Based on responses from more than 9,300 IT professionals, the report found that 76 percent of IT decision makers worldwide are facing critical skills gaps in their departments – a 145 percent increase since 2016. While still a significant challenge, this represents the second consecutive year of slight improvement (79 percent in 2019, 78 percent in 2020).

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“Today’s digital-first economy has presented significant opportunities for organizations. However, it has also created a dire need for new skills in cloud computing, cybersecurity, AI, DevOps, and many other critical tech areas,” said Michael Yoo, General Manager, Technology & Developer, Skillsoft. “Gaps in skills don’t just disappear, they only grow wider if not properly addressed. While it is encouraging to see early signs of closing the gap, work is far from done. Organizations must place a bigger emphasis on investing in employee training, empowering professionals to earn new certifications, and filling vacant roles with diverse candidates.”

To continue closing the skills gap, understanding the reasons behind it, and its impact, is critical. As digital transformation accelerates, 38 percent of IT decision makers cited the rate of technology change outpacing their existing skills development programs as the primary driver, followed by difficulty in attracting qualified candidates (35 percent) and lack of investment in training resources (32 percent). In addition to the direct effect these gaps have on organizations’ bottom lines – IDC predicts the financial impact growing to $6.5 trillion worldwide by 20251 – respondents also said they increase employee stress (55 percent), make it difficult to meet quality and business objectives (42 percent and 36 percent, respectively), and create project delays (35 percent), among other challenges.

Of note, organizations are increasingly recognizing the role that professional development plays in combatting skills gaps and raising employee morale and retention, with 56 percent of IT decision makers saying they have a plan in place to train existing team members. And, given that 80 percent of IT professionals report a myriad of benefits after achieving new skills and certifications – including improved quality of work (49 percent), higher levels of engagement (32 percent), and faster job performance (27 percent) – providing upskilling opportunities is a win-win for both organizations and employees alike.

Additional takeaways from the Global Knowledge IT Skills and Salary report include:

  • IT staff crave learning and development and will move on if they are not getting it.

    • For the third consecutive year, respondents that switched employers within the past year cited a lack of growth and development opportunities as their top reason for doing so (59 percent), taking precedence over better compensation (39 percent) and work/life balance (31 percent).
    • When training, 66 percent of respondents said they prefer a formal, instructor-led approach, while the remaining third gravitate toward informal, peer-to-peer methods, underscoring the value of providing personalized and blended learning experiences.
  • Salaries are on the rise and opportunities exist for even bigger paychecks.

    • The average annual salary for IT professionals has increased across all regions. Aside from executives and those in sales, the higher-paying positions are in cloud, risk management, security, and IT architecture and design.
    • 52 percent of respondents said they received a raise in the past year, attributing the increase to a variety of factors including job performance, developing new skills, and obtaining industry certifications.
  • More IT professionals are certified than ever and are boosting the bottom line.

    • 92 percent of all respondents said they have at least one certification, a 5 percent and 7 percent increase compared to 2020 and 2019, respectively.

      • 64 percent of IT decision makers say certified employees deliver $10,000 or more in added annual value compared to non-certified team members, demonstrating the positive impact that investment in training has on organizations’ bottom lines.

Resources:

1 – IDC, IDC FutureScape: Worldwide Future of Work 2022 Predictions, Doc. #US47290521, October 2021

Research Methodology

The 2021 IT Skills and Salary Survey was conducted online from November 2020 through February 2021, yielding more than 9,300 responses globally from IT decision makers and staff. Distributed by Global Knowledge, technology companies, and industry associations around the world, the survey was made available in web articles, online newsletters, and social media, and tabulated using the Qualtrics XM Platform.

About Skillsoft

Skillsoft (NYSE:SKIL) is a global leader in corporate digital learning, focused on transforming today’s workforce for tomorrow’s economy. The Company provides enterprise learning solutions designed to prepare organizations for the future of work, overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their people. Skillsoft offers a comprehensive suite of premium, original, and authorized partner content, including one of the broadest and deepest libraries of leadership & business skills, technology & developer, and compliance curricula. With access to a broad spectrum of learning options (including video, audio, books, bootcamps, live events, and practice labs), organizations can meaningfully increase learner engagement and retention. Skillsoft’s offerings are delivered through Percipio, its award-winning, AI-driven, immersive learning platform purpose built to make learning easier, more accessible, and more effective. Learn more at www.skillsoft.com.

Contacts

Investors
James Gruskin

james.gruskin@skillsoft.com

Media
Caitlin Leddy

caitlin.leddy@skillsoft.com

Employee Mental Health Issues Intensify OutBuro lgbtq professional entreprenuer networking online community gay lesbian transgender queer bisexual nonbinary

Employee Mental Health Issues Intensify

CHICAGO–(BUSINESS WIRE)–#mentalhealth–Employees’ mental health has become a serious issue in the workplace and employers face growing responsibility to stem the tide. According to a customer poll by ComPsych, the world’s largest provider of behavioral health and well-being services, 87 percent of employers say the mental health of their employees is their biggest well-being concern.

“The mental health issues emerging from this period of prolonged stress need to be addressed now,” said Dr. Richard Chaifetz, Founder, Chairman and CEO of ComPsych. “Pandemic stress is contributing to widespread mental exhaustion, negative health impacts and unhealthy behavior changes. We’re seeing employers continue to expand their efforts with enhanced counseling, manager and employee trainings and a broad-based approach to better support employee needs.”

National Stress Awareness Day, the first Wednesday each November, aims to shine a light on the role stress plays in people’s mental health and the importance of learning how to manage it and cope with it.

Stress, Mental Health and Work

Workplace stress is a silent, and often neglected factor which can impair health and productivity and lead to absenteeism. According to a new ComPsych Tell it Now℠ customer employee poll 60 percent of employees report they feel stressed, anxious and depressed.

The employee impact is significant with direct consequences to business. In fact, the American Psychological Association’s 2021 Work and Wellbeing Survey showed 44 percent of American workers plan to change jobs in the coming year for a multitude of reasons—particularly, stress.

With employers looking to better understand the mindset of their employees and intervene before stress may lead to resignation or poor performance, ComPsych recently held a webinar for its customers entitled -“Managing Staff Through Stressful Times.” Attended by more than 900 HR and benefits leaders, the webinar offered real-world examples and scenarios to help managers identify and address the multitude of issues their employees face each day. For more information visit www.compsych.com.

About ComPsych

ComPsych® Corporation is the world’s largest provider of employee assistance programs (EAP) and is the pioneer and worldwide leader of fully integrated EAP, behavioral health, wellness, work-life, HR, FMLA and absence management services under its GuidanceResources® brand. ComPsych provides services to more than 56,000 organizations covering more than 127 million individuals throughout the U.S. and 190 countries. By creating “Build-to-Suit” programs, ComPsych helps employers attract and retain employees, increase employee productivity and improve overall health and well-being. For more information, visit www.compsych.com and follow us @ComPsych on Twitter and LinkedIn.

Contacts

Jamie Stein

ComPsych Corporation

312-451-7160

jstein@compsych.com