Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

The challenges of moving to remote or hybrid working post pandemic

iStock 1338107361 - Global Banking | Finance

80 - Global Banking | FinanceInterview with Lyndsay Morgan Operations Director of Climb Online

It has been just over two years since the UK announced its first lockdown because of the COVID-19 pandemic. How has Climb Online evolved during this time? And what do you believe has been the greatest challenge?

5 years ago, we would never have believed the workplace revolution that we have witnessed over the last 2 years.

I think most businesses have had to evolve to not only keep pace with market changes but to ensure they remain commercially competitive and attractive to new and existing talent. Climb Online’s biggest challenge has been finding a hybrid working balance that keeps our employees motivated but also keeps collaboration alive.

Most businesses have changed how they work and operate as a result of COVID-19, with many either moving to remote or hybrid working. How has Climb Online changed its working patterns for staff members and do you think all businesses now have to offer flexible working to remain competitive?

The uptake of flexible working will mirror the uptake of computers in the workplace during the 1980’s. The pandemic will be seen in history as the beginning of a new era to ways of working. It’s unfathomable to think of a workplace without computers; fast forward 20 years and it will be unfathomable to imagine the workplace without flexible working, be that working full time from home, or a hybrid split.

At Climb Online, we have found a good balance with 2 days in the office and 3 days working from home. Additionally, we have also cemented different working options for all staff that include flexible working hours and a dedicated “work from anywhere” scheme that allows staff to work from anywhere in the world for a period of the year.

Do you think there are any drawbacks to remote working?

I don’t think there are drawbacks, but there are a few more challenges that employers should be aware of to ensure the right solutions are provided for their employees. For me, collaboration and communication are the biggest challenges, and if anything, the pandemic has shown that we should never underestimate the power of human contact.

Collaboration is especially vital to those who are new to a role or at the start of their career where they can learn and absorb more information by physically spending time with, listening to and learning from their colleagues.

A lot of businesses are finding recruitment extremely challenging, with over 1 million vacancies currently available across the UK. What do you think businesses need to do to attract talent over industry their competitors?

  • Prioritise retaining your talent. Can you improve the employee progression roadmap for your employees? Are your staff benefits competitive? Host staff 360 feedback sessions to identify any roadblocks your employees are facing that stops them from thriving within your company.
  • Ensure you have an efficient recruitment process that doesn’t allow great candidates to fall through the cracks.
  • Continuously refresh your hiring strategy. Be open to what is working and what isn’t and be ready to change it quickly to attract the best talent.

Why do you think businesses are struggling to recruit?

The competition right now is unprecedented – larger companies are making it almost impossible for independent companies to be competitive when it comes to salary benchmarking. The focus for independents should be a focus on your company purpose and values to attract the right talent fit. Also, a lot of companies think great staff benefits are free breakfasts and beer on Fridays. Those things are great, but they don’t keep employees on your payroll. Training, employee progression, and flexible ways of working attract and retain talent.

How do you feel the employer/employee dynamic has shifted? And what do businesses need to do to embrace this change?

I think pre-pandemic there was a clear divide in the business world: Those who moulded employees into their way of working and operating, without concern for employee needs, such as mental health and wellbeing, and those who have always put their employees first.

The COVID-19 pandemic has transformed this divide and forced many businesses to essentially wake up, become more human and change their approach to people management. As a result, true flexible working, mental health days and employee perks have become the norm, meaning to retain and attract the right talent, all businesses need to keep pace.

How has Climb Online remained competitive in recruitment? Do you have any words of advice for businesses struggling with their own recruitment?

  • A huge focus lies with employee progression and providing a roadmap for how every staff member can progress within their role.
  • We have shortened our recruitment process to make quicker decisions at point of hire.
  • We have aligned our company values to our people values to ensure we hire the right cultural fit.

Finally, for any business struggling with their recruitment, know that you are not alone – there is a talent shortage world over and we are all riding the same wave. Focus on promoting your purpose as a company and retaining the talent you already have. I am the biggest believer in “build it and they will come”.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post