Companies seeking savings in employee wages might spend more in the long run
Inflation has stretched the budgets of individuals and companies alike, and some firms have sought to find savings in the wages they pay their employees. A recent report from the Robert Walters recruiting agency found that Canadian firms are increasingly hiring underqualified employees. But that can backfire, says Professor Jean-Nicolas Reyt in interview with Canadian HR Reporter.
Greece increases length of work week, bucking broader trends
While some countries contemplate shorter work weeks, Greece is heading in the opposite direction. Seeking to boost economic growth, the country recently passed a law allowing employers to implement a six-day work week, though the change is not mandatory. Greece faced a debt crisis in 2010, and its economy has long been among Europe鈥檚 laggards.
Top employees will gravitate to companies that implement four-day workweek as it becomes more common
Some of the Toronto companies that tested a four-day workweek are sticking with it, and cite higher productivity and better work-life balance as the reasons for the change. 苹果淫院 Desautels Professor Jean-Nicolas Reyt thinks it will eventually become the norm, and companies that resist it risk losing talent. 鈥淭he best employees will leave,鈥� Reyt told Radio-Canada.
New federal union contract is an historic advance in for workers鈥� rights
The potential for office work to be performed remotely has been evident since the advent of email and the web, but for decades, most employers allowed only very limited remote work. The pandemic let that genie out of the bottle and finally granted employees what many had been advocating for in vain, writes Associate Professor in Organizational Behaviour Jean-Nicholas Reyt in an opinion piece for the Montreal Gazette.
苹果淫院 Desautels undergrads take 2nd at Baylor University鈥檚 Negotiation Competition
苹果淫院 Desautels undergraduate students Aaron Anandji (BCom鈥�25) and Zacharie Faucillion (BCom鈥�23), Co-Executive Directors of 苹果淫院 Ventures, took second place at Baylor University鈥檚 Hankamer School of Business鈥� National Undergraduate Negotiation Competition (NUNC) this April.
Hybrid work arrangements give employees the flexibility they need, but leverage benefits of in-person interaction
One of the biggest names in tech thinks the move to fully remote work is a big mistake. According to Sam Altman, the CEO of OpenAI, everyone needs to be together to create a cohesive and productive work environment. And that鈥檚 partly right, says Jean-Nicolas Reyt, an Associate Professor of Organizational Behaviour at Desautels. 鈥淭he vast majority of the economy has switched to hybrid work, and not fully remote,鈥� says Reyt.
Case-by-case evaluation of remote work vulnerable to managerial discretion
Office workers adopted remote work on a massive scale during the pandemic, and many of them only want to return to the office on a limited basis. This was a major issue in the spring 2023 strike by the Public Service Alliance of Canada. In the union鈥檚 new contract, remote work requests will be evaluated on a case-by-case basis. This makes an amount of sense, according to Desautels Prof. Jean-Nicolas Reyt.
Majority of companies in 4-day work week study make shorter week permanent
The results are in, and the four-day work week isn鈥檛 only good for workers 鈥� companies like it too. In a six-month UK study, 61 employers trialed a 4-day work week that asked employees to perform the same work in less time, and at the end of the trial period, 92% of participating employers chose to make the shorter week permanent. 鈥淭his is in line with previous study we鈥檝e seen before,鈥� said Prof.
Employee monitoring software could alienate remote workers
Remote work promised office workers more freedom and flexibility, but digital surveillance tools are already eroding that. Some employers use digital surveillance tools that monitor employees鈥� computer activity by logging the keystrokes on their keyboard, and even taking web cam photos to ensure that they are dutifully staring at their screens.
The four-day work week can reduce turnover, reduce recruiting requirements
About a year ago, Poche et Fils conducted a trial of the four-day work week that has since become permanent. Employees at the Montreal-based clothing companies receive the same pay as when they were working five days a week, and the company has sought to maintain the same productivity too. The first step was identifying tasks that were time-consuming and useless -- and eliminating them. But there are other ways that a shorter work week can save time too.
When wages don鈥檛 keep pace with inflation, companies risk losing their top performers
It is no secret that inflation has sent costs soaring, but wages are going up too. In a recent survey of US small businesses, more than two-thirds said they had increased the wages of their employees. Companies that don鈥檛 match inflation are essentially asking their staff to take a pay cut, says Prof. Jean-Nicolas Reyt聽in an interview with BBC Worklife.
Celebrating excellence in teaching at Desautels
Across programs and subject areas, the Desautels Faculty of Management recognizes the vital role that teaching plays in enriching the student experience and in inspiring the next generation of leaders.
Montreal telecom company Oxio is a leader on salary transparency, but many companies are unlikely to volunteer this information
If a company doesn鈥檛 want to share salary information, there could be a reason for that. About 75 per cent of people don鈥檛 negotiate a higher salary for themselves, and women and minorities are underrepresented among those who do not, according to Prof. Jean-Nicolas Reyt. But Montreal-based telecommunications company Oxio is taking steps toward salary transparency.
The case for a four-day work week
According to Professor Jean-Nicolas Reyt, making the switch to a four-day work week will require significant shifts in social and economic rhythms at a personal and professional level. Fortunately, the change could naturally carve out more time for leisure by boosting productivity during more limited work hours.
Delve podcast: New Normal: COVID-19 and the Leadership Crisis with Jean-Nicolas Reyt
Launching the second season of Delve鈥檚 The "New Normal" podcast series, Professor Jean-Nicolas Reyt discusses why businesses should embrace a hybrid work method, why the future of workspaces needs to change from the status quo, and how the COVID-19 pandemic has forced management to change in order to adapt to a new reality 鈥� plus the one thing companies can do for remote workers to make sure they鈥檝e got
