As the devastating impact of the coronavirus crisis fades into memory, there remains a long and lasting effect on the way we now interact with the workplace in the post-pandemic world. Restrictions and changes to our working lives, although necessary, forced us to quickly adapt to the demands of pandemic. Many of these changes have now moved from stop-gap solutions to permanent additions to our working lives, ushering in a new era of global working practices.
The pandemic's first and possibly most impactful change was the exodus en-masse from the traditional office. Employees, globally, were forced to work from home, a drastic departure from the pre-pandemic traditions of most. However, hybrid working is here to stay. For example, all UK employees now have the legal right to request flexible working at the behest of their employer, making this a statutory arrangement, which was previously not the case.
Wellbeing has a growing presence in traditional employee experience indicators, with many initiatives increasing in prevalence post-pandemic. South America best illustrates this change, where wellness initiatives have seen a 20% increase in prevalence compared to before the pandemic. Although not an organic initiative in the wake of Covid, wellbeing is now a central focus of working culture.
As the global world of work continues to grapple with the changing nature of working practices, some of the long-term implications are clear to see, such as hybrid working. However, by comparison, it remains hard to predict future trends for further employee experience initiatives. While the immediate changes created by wellbeing and flexible work are more easily understood, their lasting impact is something we endeavour to understand here at Axco.
You can rely on us keeping up-to-date state and compulsory, and typical employer practice data in the employee benefit landscape.