Europe’s most inclusive companies ranked by employees. Company sees a jump in women applying for senior roles after introducing a fully flexible work scheme. The 6 main global economic implications of remote work. Millions are facing loss of jobless aid in the US. New study compares 20 government responses to mitigate Covid-19 impact. These are the trending stories in the world of work.
#1. Europe’s most inclusive companies — as ranked by employees
The Financial Times published its second annual Diversity Leaders ranking at a time when the global Covid-19 pandemic has forced millions of employees to work remotely. It assessed perception of 850 companies’ inclusiveness or efforts to promote various aspects of diversity such as gender balance, openness to all forms of sexual orientation, race and ethnicity, disability and age.
Discover the full ranking on the FT here
#2. Company sees jump in women applying for senior roles on back of flexible work scheme
Last year Zurich UK advertised all job vacancies with the option of part-time, full-time, job share or flexible working option. With the company already using gender-neutral language in every job advertisement, this latest move sparked a 16% increase in women applying for jobs and a near 20% jump in female applications for management roles. The study found many more men also applied for roles when offered flexible working options. Since the company changed its labour policy, the number of women hired for top roles has surged by 33%.
The study claims to be a glimpse of a post-pandemic future if more employers promote flexible working hours, allowing companies to access a much wider pool of untapped talent.
Read the full article on the BBC here
#3. Global implications of remote work trends
Covid-19 has disrupted where and how business is conducted for everyone. This article of the Economist explores the 6 main business and economic implications of remote work trends featuring the findings of Adecco Group’s Reset Normal research.
- Increasing availability of global remote talent means more competition
- Companies will need to rethink cybersecurity
- Companies will need to adjust salaries to align with lower cost of living in home locations
- Downtown may never look the same
- Leaders will reinvent themselves to become more emotionally intelligent
- Employers must “reset normal” and deliver change
Click here to read the article on the Economist.
#4. Millions face loss of jobless aid in the US
Two critical unemployment programmes are set to expire in the US at the end of the year, potentially leaving millions of people vulnerable to eviction and hunger and threatening to short-circuit economic recovery, according to the New York Times. As many as 13 million people are relying on these payments. Leaders of both major parties have expressed support for renewing the government programmes in some form, but Congress has been unable to reach a compromise.
Read the full article on the NYT here
#5. New study compares 20 government responses to mitigate Covid-19 impact:
South Korea, Sweden, and Germany show the best overall results, with relatively low stimulus measures over time. South Korea’s strict tracing and quarantine regime was particularly effective in stabilising cases at a low level while maintaining economic activity.
Read about the key learnings and conclusions here
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