New workplace wellbeing report is what it is

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Converge and Reventure launched their latest research report into workplace wellbeing on 23 November 2017.  The report, not yet available online, is based round a survey of just over 1000 Australians comprising over 80% full-time or part-time employees,  The report has been produced as a guide for businesses and may be of some interest to health and safety people but is of limited application.

The Australian: Workplace stress affects 73 per cent of employees

8 December 2017
The Australian, Australia
Section: General News • Article type : News Item

Stress at work is common, with 73 per cent of workers suffering from it.

Stress at work is common, with 73 per cent of workers suffering from it.

Most Australian workers are stressed at work and many believe their employers had the responsibility to combat the issue, in an emerging trend driven by millennials.

A new workplace survey has revealed 73 per cent of workers are stressed about work and stressed workers are 2½ times more likely to look for a new job in the next year than those who are not stressed.

The survey also shows 85 per cent of workers believed it was the employers’ responsibility to create an environment that addressed stress in the workplace.

The elements that employees believe have the most negative impact on wellbeing in the workplace are unrealistic workload expectations (48 per cent), job insecurity (41 per cent) and low team morale (38 per cent). Lead researcher Lindsay McMillan said the results were a wake-up call for Australian businesses and employers needed strategies to address the issue.

He says the results revealed generation Y was more stressed in all areas of their life than generation X and baby boomers.

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The Australian Workforce Speaks Out About Workplace Wellbeing

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Ever wondered what the greatest negative impact on wellbeing in the workplace is? Or if Australian workers think wellbeing programs are worth the time and money?

Well a new report from the a future that works campaign will soon reveal that and much more after it asked over 1,000 Australian workers the big workplace questions.

Catering leader shares latest staff appreciation trends for this Christmas

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According to Australian staff, feeling valued at work and receiving praise or recognition from senior staff are two of the most important factors when it comes to being productive.[1]

Research also shows that the amount spent on hiring and training a new employee can cost up to 6 to 9 months' of that person’s salary[2], further highlighting how putting budget towards regular small gestures to show appreciation is much more cost effective than recruiting. 

Health professionals overworked, go beyond job description

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Australia’s health and aged care workers consistently go above and beyond their job description – to the point of even providing financial guidance – a new report has found.

The recent report from Reventure found that almost half of Australia’s 960,000 aged care and health professionals were over the age of 55 and in danger of being overworked.

The West Australian: Aged-care workers stressed

20 November 2017
West Australian, Perth
Author: Lindsay McMillan • Section: Your Money • Article type : News Item

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Australian health and aged-care workers are working beyond their job description, at times even providing financial guidance, according to a new report from global HR think-tank Reventure.

This female-dominated profession is at risk of being chronically overworked and an ageing population will exacerbate the problem.

Aged-care workers are saying that on top of their everyday duties, they act as secretaries, a family support conduit, the roster data manager and even a financial guide.

That is simply too much to ask of workers who already perform a physically and emotionally demanding job, and it is up to business leaders to make a cultural change in the workplace.

In 2050, one in five Australians will be over the age of 65. With an ageing population, the industry needs to better prepare the workplace to ensure employees are not exhausted.

It is very important the industry continues to attract the right type of people. However, it will lose its appeal if there is an unhealthy workplace culture of overworking in the industry.

In Australia, there are 960,000 health practitioners and aged-care professionals. The Health Services Union says 44 per cent of workers are over the age of 55.

Health and aged care is too important to get wrong. It is one of the few industries that cannot be replaced by artificial intelligence.

The Industry Insights report is the newest research to be published by Reventure as part of the national A Future That Works campaign.

The report outlines challenges faced by five Australian industries — aviation, tourism and hospitality, professional services, health and aged care and education.

This report aims to identify the unique challenges arising in the workplaces of significant industries and offer a tailored solution.

The campaign was launched by Reventure after research found 49 per cent of Australian workers were likely to look for a new job in the next year.

This campaign is aimed at highlighting effective and practical solutions so that workplaces can more actively engage with modern challenges.

Lindsay McMillan is lead researcher at Reventure

Adelaide Advertiser: Finding The Purpose

18 November 2017
Adelaide Advertiser, Adelaide
Section: Careers • Article type : News Item

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CREATING a work environment which is about purpose, not results, can help leaders engage their workers, as well as staff to motivate themselves.

Global HR think tank Reventure has devised four strategies, based on its research of Australian workplaces, for workers to implement to rejuvenate their efforts.

Lead researcher Dr Lindsay McMillan says leaders can often get caught up in the numbers, but workers are the most valuable asset of any workplace.

“Increasing productivity is no longer viewed in archaic terms such as longer working hours but how the workplace can effectively understand and harness employees’ individual talents,” he says.

“Each year, the bottom line is the focus of reporting and the measurement of success – leaving little time for visionary thinking or employee development, which can also genuinely grow the organisation.”

TALK ABOUT THEIR PURPOSE, NOT RESULTS

A common pitfall among leaders is to motivate workers solely with financial outcomes or competition, whether it is with their salary or gaining profits for the organisation.

However, employees increasingly are looking for purpose in their work.

Leaders also need to help workers understand how their personal attributes – such as their abilities and values – uniquely enable them to do their work well.

TALK ABOUT YOUR OWN PURPOSE

While understanding what drives employees, ensure the organisation has a purpose, or find out about it, to which employees can align themselves.

SWAP ROLES FOR GOALS

Instead of a list of KPIs and direct reports, a job landscape outlines a list of end goals, how goals interconnect and how they relate to the goals of other workers in the organisation.

A job landscape is assigned to an employee and can promote a more connected and understanding workplace culture.

RESURRECT CREATIVITY

Carefully select team members for projects to ensure they collaborate and learn from others with different skillsets.

Or, encourage workplace “huddles” which allows workers to have short bursts of creative input to solve problems.

The Daily Telegraph: Nice Work (If You Can Get It!)

4 November 2017
Daily Telegraph, Sydney
Section: BW Magazine • Article type : News Item

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Taste testing sweets and beer every day, free travel and playing with dogs - they would have to be up there with the best jobs ever. Getting one of these seemingly ideal jobs, the ones most of us would probably do for nothing, is like landing the lottery. But for a lucky few, it's a daily reality.

But getting real job satisfaction can be like finding the holy grail. However, it is possible to land a job that combines your passion for life with a paycheque, says Sydney career coach Jane Jackson.

"When it comes to dream jobs, it's about finding something that makes your heart sing and that you look forward to every day," the author of Navigating Career Crossroads says.

"If you're moving from a job you're not happy with, you have to ask yourself what it is you are dissatisfied with, then assess what makes you tick, what motivates you. Once you have done that, do some research to find which industries appeal to you and then think about whether your passions and hobbies can be monetised. 

"Lastly, network with people who do these jobs and explore how you go about getting into such a job. Don't be afraid to offer your services on a volunteer basis while you're researching."

A 2016 snapshot of the Australian workplace by employment researchers Reventure found that 44 per cent of Australian workers were extremely or very satisfied with their job. However, 49 per cent of workers said that they were likely to look for a new position in the coming year. 

Report calls for recruitment and retention address

The Australian tourism and hospitality industry has been encouraged to seek new ways to combat recruitment and retention challenges as the Government’s Tourism 2020 target nears.

Industry Insights, the newest report from global HR think-tank Reventure, found tourism and hospitality were experiencing a skills shortage with 38,000 current unfilled vacancies in the sector. Dr Lindsay McMillan, lead researcher at Reventure said it was important to get the workplace settings right for the two industries, both of which are major Australian employers.

Tourism needs to re-think its retention strategies - Reventure

Industry Insights, a report from Reventure, found tourism and hospitality already face 38,000 unfilled vacancies in the sector.
 
Dr Lindsay McMillan, lead researcher at Reventure, said it was important to get the workplace settings right for the two industries, both of which are major Australian employers.

MPA: Is your organisation prepared for disruption?

Why will the current pyramid structure of companies likely face disruption?

Because Artificial intelligence (AI) will begin taking over the repetitive, mundane tasks from everyone’s job, according to the lead researcher at Reventure, Dr Lindsay McMillan.

Smart Company: Inside the 70-hour work week

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Flexibility is the name of the game in many startup operations, but leadership experts have previously told SmartCompany that even the most versatile workplaces can see employees at risk of burnout if they are working lengthy hours.

“I think it’s around the question of what kind of culture we want to provide for our startups and at what cost, both [in terms of] what personal cost to the individual, and any costs to the startup,” head of workplace relations thinktank Reventure, Lindsay McMillan, told SmartCompany earlier this year.

Hospitality Magazine: Skills shortage must be addressed - industry report

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The Australian hospitality and tourism industries must find new ways to combat recruitment and retention challenges, says a new report from global HR think-tank Reventure,

As the Government’s Tourism 2020 target nears, the Industry Insights report has found that tourism and hospitality are experiencing a skills shortage with 38,000 current unfilled vacancies in the sector.

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Travel Daily: Skills shortage

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20 October 2017
Travel Daily Newspaper
Section: General News • Page: 7

THE Australian tourism and hospitality industry is battling a major skills shortage, according to an Industry Insights report by HR think-tank Reventure.

The tourism and hospitality sector currently has more than 38,000 unfilled vacancies ni Australia and has been called upon to cultivate new ways of combating the skills issue.

Suggestions include creating a "job landscape" for employees and ensuring staff "have a purpose and feel valued".

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New report outlines accounting employment future

Accounting firms that can show purpose and meaning as a result of their work will be able to attract a new wave of talent and ride out the artificial intelligence (AI) transformation, according to a new report.

HR think-tank Reventure’s latest Industry Insight report found that professional services such as accounting, legal, and management services were highly likely to be impacted by increased AI presence.

Lawyers Weekly: Law firms urged to remain people-focused amid tech disruption

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A recent report has recommended that law firms navigate technological disruption by giving employees a sense of purpose in their work.

According to the recent Industry Insights report by global HR think tank Reventure, the adoption of artificial intelligence (AI) is going to lead to significant restructuring in professional services organisations, including law firms.

Reventure lead researcher Dr Lindsay McMillan said AI is likely to replace repetitive, entry-level work often performed by paralegals and junior lawyers.

“The current pyramid structure of organisations is likely to face disruption because AI will begin taking over the repetitive, mundane tasks from everyone’s job,” he said.