Research: Companies Can Succeed by Accepting Employees as Partners

Companies that view their employees as partners and work with them to create sustainable work models that enable employees to get the best out of themselves are the ones that can succeed, according to Deloitte’s Global Human Resources Trends 2023 research.

The business and management consulting firm points out that the pandemic has fundamentally changed the way people think about where they work, about work in general, and about employees, and its effects will pose new challenges for business leaders in the long term. The research has highlighted that work organization based on scope of activities can limit firms’ ability to innovate, as well as workers’ development and career prospects.

According to Martin Csépai, Director of Deloitte’s HR consulting business,

a shift to competency-based work organization can be a solution to this problem, enabling organizations to unlock the full potential of their workforce more effectively and giving employees better development and career opportunities.

The regional survey, which also includes data from Hungary and focuses on Central and Eastern Europe, shows that 95 percent of managers consider a complete rethink of work organization to be a high priority, but only 20 percent believe their organization is ready to meet the challenge.

Deloitte researchers found that

where key organizational decisions are made with employee involvement, employees are 80 percent more engaged with the company and 60 percent more able to respond effectively to change.

Moreover, organizations that tailor their recruitment and talent management strategies to a non-traditional labor market can access skills and knowledge that can accelerate business growth, innovation, and agility.

For the first time this year, the survey also asked employees for their input. While 95 percent of respondents said leadership and effectiveness are key factors in a company’s success, only 23 percent said that their manager has the necessary skills.

In another survey recently conducted by Boston Consulting Group (BCG), and involving Hungarians as well, it turned out that work-life balance is more important for employees in the long term than the possibility of building a career. The survey also stressed the importance of a positive employee experience in the recruitment process, which is often the first direct experience of the company and its culture. Two thirds of respondents said that a company can stand out as an employer by having a smooth recruitment process.

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