GLOBILITY® - 23 February 2017 

For sponsorship information please contact Rachel Rohrbaugh 

EMEA

You'll Never Believe Who the Happiest Employees in Europe Are
In the ADP study, The Workforce View in Europe 2017, Poland wins with workers who are the most optimistic about the future, though it’s in the top three countries whose employees say they would move elsewhere for their careers.  In Europe, individuals who work in IT and telecommunications are reportedly the most optimistic employees; with nearly 85 percent of those surveyed expressing that they feel positive about the next five years – they’re also the most engaged, rate their work-life balance highly, and are pleased about their career progression. What’s that? You want to know what other countries’ employees are happy? After Poland…employees in Germany, the Netherlands and Switzerland are cheerfully pondering the future! Find out more about what makes European employees happy!   

EU to Say French Economy Out of Balance, Germany Surplus Too High
In a report this week, The European Commission reviews an improving French economy, but remarks on its excessive imbalances; will call attention to Germany’s account surplus, and caution Italy on its rising public debt. Economic reviews were scheduled for countries including Bulgaria, Croatia, Cyprus, Finland, France, Germany, Ireland, Italy, the Netherlands, Portugal, Slovenia, Spain and Sweden, which were identified last November as having imbalances such as large public debts, budget deficits or trade surpluses. By working to prevent excessive economic imbalances in these countries, the Commission hopes to avoid the development of a regional full-blown crisis that could threaten other countries in Europe, especially those in the Eurozone. Read about the EU’s country reviews.

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APAC

China's Aging Population Becoming More of a Problem
China’s aging population and dependency ratio for retirees is estimated to rise as high as 44% by 2050, and is “as big a worry as its debt bomb, if not more so, because China can make its debt disappear at the stroke of a pen, but the government cannot make millions of elderly and retirees disappear.” The aging of China’s populace is, unfortunately, timed to coincide with middle income earners and the entrepreneurial class finding their footing; not yet firmly established. Because many economies are structured on the working population providing some level of support to older citizens, a financial drain on the government prompts spending scrutiny and re-evaluation, and could jeopardize economic stimulus programs. Read more about China's aging workforce, and its economic impact.

Tech Leaders Warn Against Crackdown on 457 Visas
Though Australian tech companies are working on strategies to fill as many open local positions as possible, they are sounding the alarm on potential tightening of arrangements for 457 visas, which enable employers to bring skilled workers in from overseas on temporary assignments when talent can’t be found locally. Employers note that limitations would have “serious ramifications for the country’s ability to keep up with the world.” Learn more about Australia's 457 visa requirements.  

 

AMERICAS 

Gallup: 51% of Workers are Looking to Leave Their Current Jobs
Who knew that job hopping is rising in acceptance as a form of career planning in today's HR world – and that employers can find something to be happy about in that trend! This information was delivered in Gallup’s annual State of the American Workplace report, which also found that 51% of U.S. workers are ready to leave their current jobs. The report, created to help employers “maximize their attraction, retention, engagement and performance strategies in a time of extraordinary change,” provides helpful insight for hiring, engaging and retaining staff. Understand why U.S. workers are disengaged and what employers can do to retain them.

Brazilians Bet on IoT at Work
A global study sponsored by Dell and Intel called the Future Workforce Study questioned professionals from small, medium and large companies throughout 10 countries, including Brazil. More than 80 percent of Brazilian professionals interviewed believe that their current work environments will be adequate in up to five years for the use of Internet of Things technologies, and 89 percent consider it important for the work environment to have technologies allowing employees to interact remotely. Read what Brazilian workers are saying about technology.   

Government Affairs Community Update: Tax Reform, Regulatory/Compliance Issues, Real Estate and More
Worldwide ERC®’s latest update includes activity in the new administration's agenda such as Tax Reform, the Moving Expense Deduction, The Affordable Care Act, Regulatory/Compliance Issues, Real Estate, Trade Agreements and Immigration. Navigate to the Government Affairs Community Update.  

General Interest

Rebranding in a Digital Age
One of the many new initiatives in the HR space has to do with culture – and branding the company through that culture. Because our competitive talent sourcing environment means that potential employees are examining companies more closely to see if there is a match with their personal values, company culture is more critical, and manufacturers are seeing the need to rebrand themselves to appeal to the general public and attract technology talent. Opportunities for community service are of interest to job seekers, too – or at least the feeling that their work is fostering social change – especially with millennials and other incoming generations. Read on about how companies can rebrand to attract and retain talent.  

Gig Economy: The New Face of a Global Workforce?
A speedier internet and 24/7 connectivity means that companies are looking for faster turnaround for on-demand services like coding and translation. And when a traditional employee isn’t available to work on an unplanned project or task, companies increasingly turn to gig workers. In many ways, companies today are building a community of gig workers in the way the mobility industry builds a supply chain, and as one employer noted, “The biggest problem we have working with contractors has nothing to do with contractors — it’s how do we make sure that we are continuing to add value to our customers by building a network with the least friction.” Critical to emerging gig economy-powered businesses is the facilitation of faster payments. Understand what companies with gig-economy workforce segments need to consider.