Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to Glassdoor's 2024 Workplace Trends (https://www.glassdoor.com/research/workplace-trends-2024), a number of factors are colliding that will affect motivation: Wages and Salaries will increase, but non-cash benefits

image text in transcribed According to Glassdoor's 2024 Workplace Trends (https://www.glassdoor.com/research/workplace-trends-2024), a number of factors are colliding that will affect motivation: Wages and Salaries will increase, but non-cash benefits could erode As the labour market softens (vs, the record tight labour markets seen in 2021, 2022), Glassdoor is seeing the share of employees with access to retirement benefits, dental insurance, tuition assistance, commuter assistance, Bym memberships and mobile phones declining. Equity compensation is declining as competition for skilled workers cools in the tech sector The equity grant in tech is down about 30% compared to 2015 for entry level workers, and is declining in nominal terms for skilled workers. Skilled workers are likely to get 90% more equity than entry level workers (the gap was about 50% in 2015). Consequences of Layoffs in 2023 Employers who executed layoffs in 2023 have seen sharp drops in employee satisfaction that have (surprisingly) persisted up to 180 days after the layoffs occurred. Middle Managers are Feeling the Squeeze Amid cost cutting, layoffs, return to the office efforts, and organizational flattening, middle managers have had an uncomfortable and demotivating 2023. They are scoring with significantly lower job satisfaction than all other employees on job satisfaction surveys. Return to the Office is Ongoing Companies are pushing employees back to the office using a combination of rewards (in-office meals, events), and punishments (penalties for non-compliance). The trend is moving more and more towards punishment. Vith this information in mind, please respond to the following: b satisfaction is made up of a number of facets. There is some (limited) evidence above suggesting that a numbe facets may be eroding among the workforce at once. ase predict what you think will happen to the workforce in the following industries in 2024 based on the above: 1. "Tech" 2. Finance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions