48%
Of Finance Executives Say Creating
A Safe Workplace Is Key To Their Organization's Short-Term Success
THE TAKEAWAY:
BROADEN THE DEFINITION OF EMPLOYEE WELL-BEING
When a business leader commits today to providing a safe workplace, they are likely promising much more than they would have before the pandemic.
Safeguarding employee well-being includes taking steps to protect both physical and mental health.
The importance of safe workplaces to organizational success is underscored by another survey finding: Finance executives said expanding health and wellness-related programs and benefits is a top way to attract and retain employees who possess sought-after skills.
“To succeed, companies need to be able to fulfill employees’ sense of trust that the company is going to take care of them,” said Josh Bersin, CEO of the Josh Bersin Co., an industry research and advisory firm.
Data Source: Forbes Insights Survey, 2021
77%
Of Finance Executives Say Senior Management Is "Completely On Board" With A Hybrid Or Flexible Work Model
THE TAKEAWAY:
CONSIDER NEW WAYS OF WORKING FROM ALL ANGLES
EXPAND
51%
Of Finance Executives Say Workforce Enablement Initiatives Have Increased Engagement And Productivity
THE TAKEAWAY:
EXPAND
INVEST IN EMPLOYEES EVEN WHEN THE BUDGET IS TIGHT
50%
Of Finance Executives Say Digitizing Processes Has Increased Productivity At Their Companies
THE TAKEAWAY:
EXPAND
THINK HOLISTICALLY WHEN ADDING PROCESS AUTOMATION
86%
Of Finance Executives Say Their Companies Have Digitized Employee Invoicing And Expensing—Or Plan To Do So Within A Year
THE TAKEAWAY:
EXPAND
WIN OVER EMPLOYEES BY DIGITIZING TEDIOUS WORK
86%
Of Finance Executives Say Their Companies Have Digitized Employee Invoicing And Expensing—Or Plan To Do So Within A Year
THE TAKEAWAY:
WIN OVER EMPLOYEES BY DIGITIZING TEDIOUS WORK
EXPAND
EXPAND
THE TAKEAWAY:
THINK HOLISTICALLY WHEN ADDING PROCESS AUTOMATION
50%
Of Finance Executives Say Digitizing Processes Has Increased Productivity At Their Companies
EXPAND
THE TAKEAWAY:
INVEST IN EMPLOYEES EVEN WHEN THE BUDGET IS TIGHT
51%
Of Finance Executives Say Workforce Enablement Initiatives Have Increased Engagement And Productivity
EXPAND
CONSIDER NEW WAYS OF WORKING FROM ALL ANGLES
THE TAKEAWAY:
77%
Of Finance Executives Say Senior Management Is "Completely On Board" With A Hybrid Or Flexible Work Model
This data point suggests that a consensus has formed among business leaders around the need for flexible work models.
Forty-seven percent of the finance executives we surveyed took it a step further: Flexible work models are a leading way to achieve organizational success in the short term, they said.
Still, finance execs are also mindful of what could go wrong when work is no longer strictly defined by place and time of day: A majority said alternative work models have the potential to impede employee career development (67%) and stymie business growth (62%).
Data Source: Forbes Insights Survey, 2021
THE TAKEAWAY:
BROADEN THE DEFINITION OF EMPLOYEE WELL-BEING
48%
Of Finance Executives Say Creating
A Safe Workplace Is Key To Their Organization's Short-Term Success
86%
Of Finance Executives Say Their Companies Have Digitized Employee Invoicing And Expensing—Or Plan To Do So Within A Year
THE TAKEAWAY:
WIN OVER EMPLOYEES BY DIGITIZING TEDIOUS WORK
EXPAND
EXPAND
THE TAKEAWAY:
THINK HOLISTICALLY WHEN ADDING PROCESS AUTOMATION
50%
Of Finance Executives Say Digitizing Processes Has Increased Productivity At Their Companies
EXPAND
THE TAKEAWAY:
INVEST IN EMPLOYEES EVEN WHEN THE BUDGET IS TIGHT
51%
Of Finance Executives Say Workforce Enablement Initiatives Have Increased Engagement And Productivity
When revenues fall short and business leaders need to cut costs to compensate, pausing initiatives that focus on employees may look like an easy target.
But companies that prioritize investments in people tend to have more engaged employees, more satisfied customers and higher profits, Bersin said.
“Companies focusing on the right EX (employee experience) strategies and practices have better outcomes across the business,” he said.
Data Source: Forbes Insights Survey, 2021
CONSIDER NEW WAYS OF WORKING FROM ALL ANGLES
THE TAKEAWAY:
77%
Of Finance Executives Say Senior Management Is "Completely On Board" With A Hybrid Or Flexible Work Model
EXPAND
THE TAKEAWAY:
BROADEN THE DEFINITION OF EMPLOYEE WELL-BEING
48%
Of Finance Executives Say Creating
A Safe Workplace Is Key To Their Organization's Short-Term Success
86%
Of Finance Executives Say Their Companies Have Digitized Employee Invoicing And Expensing—Or Plan To Do So Within A Year
THE TAKEAWAY:
WIN OVER EMPLOYEES BY DIGITIZING TEDIOUS WORK
EXPAND
EXPAND
THE TAKEAWAY:
THINK HOLISTICALLY WHEN ADDING PROCESS AUTOMATION
50%
Of Finance Executives Say Digitizing Processes Has Increased Productivity At Their Companies
By making process automation part of a broader tech transformation, business leaders can ensure that automation works in concert with adjacent technologies and helps them meet big-picture company goals.
Managers benefit from process automation when the technology is baked into the live dashboards they use to track dollars spent on ongoing projects. Purchase orders, travel authorizations and time-off requests are all examples of processes that businesses are automating using specialized software.
Data Source: Forbes Insights Survey, 2021
THE TAKEAWAY:
INVEST IN EMPLOYEES EVEN WHEN THE BUDGET IS TIGHT
51%
Of Finance Executives Say Workforce Enablement Initiatives Have Increased Engagement And Productivity
EXPAND
CONSIDER NEW WAYS OF WORKING FROM ALL ANGLES
THE TAKEAWAY:
77%
Of Finance Executives Say Senior Management Is "Completely On Board" With A Hybrid Or Flexible Work Model
EXPAND
THE TAKEAWAY:
BROADEN THE DEFINITION OF EMPLOYEE WELL-BEING
48%
Of Finance Executives Say Creating
A Safe Workplace Is Key To Their Organization's Short-Term Success
86%
Of Finance Executives Say Their Companies Have Digitized Employee Invoicing And Expensing—Or Plan To Do So Within A Year
THE TAKEAWAY:
WIN OVER EMPLOYEES BY DIGITIZING TEDIOUS WORK
EXPAND
By building digital processes around expensing and invoicing, companies can win over employees by simplifying these administrative tasks.
For slightly more than half of respondents, digitizing invoicing led to increased efficiency and easier compliance with expense policies.
The overwhelming recognition of the need to digitize invoicing and expensing further underscores the value of modernizing administrative tasks.
“From an employee perspective, there’s an increasing level of demand and expectation for organizations to accommodate flexible working, and process automation is a key element of that,” said Simon Burgess, leader of the digital workspace practice at systems integrator World Wide Technology.
Data Source: Forbes Insights Survey, 2021
THE TAKEAWAY:
THINK HOLISTICALLY WHEN ADDING PROCESS AUTOMATION
50%
Of Finance Executives Say Digitizing Processes Has Increased Productivity At Their Companies
EXPAND
THE TAKEAWAY:
INVEST IN EMPLOYEES EVEN WHEN THE BUDGET IS TIGHT
51%
Of Finance Executives Say Workforce Enablement Initiatives Have Increased Engagement And Productivity
EXPAND
CONSIDER NEW WAYS OF WORKING FROM ALL ANGLES
THE TAKEAWAY:
77%
Of Finance Executives Say Senior Management Is "Completely On Board" With A Hybrid Or Flexible Work Model
EXPAND
THE TAKEAWAY:
BROADEN THE DEFINITION OF EMPLOYEE WELL-BEING
48%
Of Finance Executives Say Creating
A Safe Workplace Is Key To Their Organization's Short-Term Success
