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Money isn’t everything
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This influences employee engagement more than comp and benefits.
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August 02, 2024 View Online | Sign Up

HR Brew

PwC

It’s Friday. We hope you have as much energy at work today as this guy did at VP Kamala Harris’s Atlanta campaign rally earlier this week. If not, a shot of espresso might get you about half as amped up.

In today’s edition:

Can’t buy engagement

Technically HR

Book club

—Mikaela Cohen, Adam DeRose

HR STRATEGY

Money is a small piece of the pie

90 Day Fiancé, money is not everything 90 Day Fiancé/TLC via Giphy

If employee engagement was a pie, compensation and benefits would just be a pinch of salt.

Company culture alignment, career investment, and professional development, on the other hand, would be the flour, butter, and sugar. After all, they’re the top three drivers of employee engagement, according to a recent report from ManpowerGroup’s talent solutions company, Right Management.

For employees, five major factors impact engagement: The report found company culture alignment (33.9%) has the most influence, while career investment (31.4%), professional development (20%), compensation and benefits (8.3%), and job logistics (6.4%) trail behind. While leaders also view culture alignment (32.4%) as most influential to engagement, they put compensation and benefits (21.2%) in second place.

While compensation and benefits are important, leaders may be overestimating how important it is to employees, according to Beth Linderbaum, SVP of delivery at Right Management.

Keep reading here.—MC

   

PRESENTED BY PWC

Elevating the employee experience

PwC

Want to know how Hyatt Hotels Corporation boosted their survey response rates by 31% and increased employee satisfaction? In collaboration with PwC, they’ve developed a unique listening strategy that’s transforming their workplace culture.

Discover how they’re using Listen Platform, a PwC product, to get real-time feedback to drive meaningful changes and enhance both the employee and guest experience.

Hyatt Hotels Corporation is leveraging these strategies to empower leaders and build trust among their teams.

It’s all laid out in their case study. Read it here.

TECH

Score

Technically HR recurring feature illustration Francis Scialabba

Workday on Thursday announced new tools and capabilities geared to leverage AI in the platform.

The HCM now offers HiredScore AI for Recruiting and HiredScore AI for Talent Mobility to customers, available directly through Workday. Workday acquired HiredScore in April.

Since the acquisition, the two organizations have worked to better integrate HiredScore’s capabilities with the Workday platform, as well as leverage the data from the two platforms to better serve customers, according to Athena Karp, HiredScore’s general manager.

Zoom out. The Workday announcement comes as leaders at the HCM giant and HiredScore focus on quickly and ethically incorporating AI into their suite of offerings, a demand they’re hearing from customers, especially following the noisy deployment of ChatGPT and the awakening of the capabilities generative AI can bring to the workplace in the last 18 months, Karp said.

Keep reading here.—AD

   

HR STRATEGY

The ghost of hybrid past, present, and future

Reading a book Emily Parsons

How many times have you wished a crystal ball could give you a glimpse into the future of work? Oh, what a breeze HR would be…

In lieu of a fortune-telling orb, many companies seek out workplace consultants to help guide their HR strategies. One of those experts is Peter Miscovich, executive managing director at consultancy JLL. He’s helped C-suite executives at companies including Accenture, AT&T, and IBM design and implement hybrid workplaces since the 1990s.

Miscovich, along with Sanjay Rishi and Benjamin Breslau, published The Workplace You Need Now: Shaping Spaces for the Future of Work in 2021 to help companies create future-oriented workspaces. He shared with HR Brew the lessons people pros can learn from the book.

This interview has been edited for length and clarity.

What are HR takeaways from the book?

It focuses on the personalized workplace, the responsible workplace, and the experiential workplace.

Keep reading here.—MC

   

WORK PERKS

A desktop computer plugged into a green couch. Francis Scialabba

Today’s top HR reads.

Stat: Most US workers surveyed (85%) want grief support fostered in workplace environments. (WorkLife)

Quote: “We know that if we’re preoccupied with thoughts of ‘What do I look like?’ or ‘What do other people think I look like?’ then it’s really hard to be present, whether that’s in your personal relationships or even at work, and it’s one of the reasons why we need to reduce appearance-based commentary.”—Zali Yager, health and well-being expert, on the relationship between physical appearance and productivity at work (Fashion Journal)

Read: This guide to Gen Z slang is FR a fire bet to help HR understand younger workers. (Forbes)

Workplace wins: Discover how Hyatt Hotels Corporation, in collaboration with PwC, boosted survey response rates by 31% and transformed their workplace culture using a unique listening strategy. Read the case study to uncover their success.*

*A message from our sponsor.

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