Dayforce Pulse of Talent Report: Empathetic Leadership Essential to Balance Employee Wants and Business Needs
MINNEAPOLIS and TORONTO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today released results from its 14th Annual Pulse of Talent report. Findings show that increased empathy from leadership is a cost-effective, and often overlooked, productivity lever within an organization.
Almost half of respondents (48%) agreed that their organization empathizes with employees. Among those who disagreed, 90% said having leaders show more empathy would make a positive difference in their work life, including improving their job satisfaction (52%), improving their job performance (39%), increasing their productivity (37%), improving mental health/levels of burnout (48%), and making them more loyal (41%).
Additionally, more than 8 in 10 (81%) workers surveyed said their employer made organizational changes in the last year. While change and innovation are central to today’s workforce experience, organizations can mitigate some of the challenges created by transformation to benefit both employee and employer. The report, which surveyed 8,751 employees at companies with at least 100 employees from around the globe, found that:
“Our research shws employers are caught in a balancing act between a need for increased efficiencies to stay competitive in the market while safeguarding employee wellbeing and trust, which has been in flux since the pandemic,” said Katie Meyers, VP Global Talent Management and Development, Dayforce. “The good news is that tools and initiatives are readily available to help both sides of this equation meet the challenges of an ever-changing workplace and a boundless workforce.”
The survey found 85% of respondents approved of upgrading workplace technology, with 69% saying new tech investments have increased their productivity in the past year and 39% reporting they have decreased their stress.
In addition, 50% of respondents think that artificial intelligence (AI) can improve their productivity at work, and 80% of surveyed employees were at least slightly interested in their employer using AI to recommend new internal career and skills development opportunities.
To download the full Pulse of Talent Report, please click here.
Hanover Research conducted Dayforce’s 14th Annual Pulse of Talent research study online from August 16 to September 7, 2023. The study included 8,751 respondents aged 18+ who work at companies with at least 100 employees across Australia, Canada, Germany, Malaysia, New Zealand, Singapore, the United Kingdom, and the United States.
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, payroll, talent, workforce management, and benefits equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.
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