Work-life balance and salary are important for employees, but they are really more interested in the culture of companies. Getty
Work-life balance and salary are important for employees, but they are really more interested in the culture of companies. Getty
Work-life balance and salary are important for employees, but they are really more interested in the culture of companies. Getty
Work-life balance and salary are important for employees, but they are really more interested in the culture of companies. Getty

Why culture is just as important as flexible hours to retain employees


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We have all seen reports of good employees leaving companies in droves in this post-pandemic environment. Surely, there is more to it than just flexible working hours?

Companies insisting their staff return to their desks post-Covid is just the tip of the iceberg, but these are some of the first organisations employees want to leave.

After 15 years of living and recruiting in the Middle East, I have not seen such a significant shift in the living and working patterns of everyday people in such a short space of time.

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Watch: some of the stats behind the UAE's hiring boom

In 2020, the vast majority of people in the UAE (and globally) were clinging on to their jobs and, in many cases, had to accept reductions in salaries.

Fast-forward nearly three years and we are now seeing the complete opposite — employers are dealing with staff who have two or three job offers on the table and, in some cases, offering attractive counter-offers to try to retain them.

A survey last month by jobs portal Bayt.com and market research company YouGov found that 70 per cent of UAE employers plan to hire in 2023, which is a positive outlook in comparison to 2020.

Is it all about the money then? No. Work-life balance and salary are obviously very important, but it’s really the culture of companies that people are more interested in these days.

What is their “why”, what do they stand for? Culture is not about having bean bags and a place to play table tennis (although these are great!)

There is a growing trend of hybrid or flexi working, where employees are given the opportunity to choose when they work from home and when they come to the office.

In the US, 77 per cent of organisations interviewed by workplace platform Envoy said they had already made this their company policy.

So, how can an employer be an attractive proposition in such a candidate-driven market?

There used to be an expectation from employers that the employee needed them, but unless you are an Apple or a Google, you might not have people queuing up to work for you.

Instead of seeing whether a candidate fits in to the company, why not see how the employer can be a good fit for the employee?

Need to start work at 10am on Tuesdays and Thursdays because you have yoga classes? Great! Maybe bring some colleagues along so they can benefit from it, too.

Don’t want to take calls after 6.30pm because you’re spending time with your kids? No problem, family comes first. Need to pop out at 3pm to walk the dog? Sure.

It is also important to celebrate the wins, no matter how small — and recognise and reward employees for their efforts.

If this is ingrained into the culture of the business, it will be a constant reminder to everyone that their work is appreciated. This will improve employee morale and make people less likely to quit for a 10 to 15 per cent salary increase from a competitor.

Another factor that needs to be taken into consideration is how employers handled the Covid-19 crisis. Many people had to take salary cuts during the pandemic, but how well was it handled? Did they get rewarded for their loyalty once the economy picked up?

If an employee felt they took the cuts for the greater good of the business rather than for the pockets of the business owner, then they will feel a greater sense of loyalty.

Many of us work in a high-pressure environment and if an urgent job needs doing, we will get it done. That said, we should also respect each other’s personal time and space.

In today’s world, mental well-being isn’t and shouldn’t be a nice-to-have or something for a corporate social responsibility brochure. Instead, it should be at the forefront of every organisation from the top down.

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Top 15 companies to work for in the UAE, according to LinkedIn — in pictures

We all hope there won’t be another global pandemic any time soon, but of course there will be challenges ahead for people and the wider community. How employers are prepared to look after their staff during these times of hardship will define them.

A culture of integrity, hard work and respect is always a good starting point for a great working environment — a great coffee machine and a pool table don’t do too much harm either.

John Armstrong is founder and managing director of recruitment agency JCA Associates

Tamkeen's offering
  • Option 1: 70% in year 1, 50% in year 2, 30% in year 3
  • Option 2: 50% across three years
  • Option 3: 30% across five years 
UAE currency: the story behind the money in your pockets
LIVERPOOL SQUAD

Alisson Becker, Virgil van Dijk, Georginio Wijnaldum, James Milner, Naby Keita, Roberto Firmino, Sadio Mane, Mohamed Salah, Joe Gomez, Adrian, Jordan Henderson, Alex Oxlade-Chamberlain, Adam Lallana, Andy Lonergan, Xherdan Shaqiri, Andy Robertson, Divock Origi, Curtis Jones, Trent Alexander-Arnold, Neco Williams

What are the GCSE grade equivalents?
 
  • Grade 9 = above an A*
  • Grade 8 = between grades A* and A
  • Grade 7 = grade A
  • Grade 6 = just above a grade B
  • Grade 5 = between grades B and C
  • Grade 4 = grade C
  • Grade 3 = between grades D and E
  • Grade 2 = between grades E and F
  • Grade 1 = between grades F and G
The specs: Lamborghini Aventador SVJ

Price, base: Dh1,731,672

Engine: 6.5-litre V12

Gearbox: Seven-speed automatic

Power: 770hp @ 8,500rpm

Torque: 720Nm @ 6,750rpm

Fuel economy: 19.6L / 100km

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

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Gender pay parity on track in the UAE

The UAE has a good record on gender pay parity, according to Mercer's Total Remuneration Study.

"In some of the lower levels of jobs women tend to be paid more than men, primarily because men are employed in blue collar jobs and women tend to be employed in white collar jobs which pay better," said Ted Raffoul, career products leader, Mena at Mercer. "I am yet to see a company in the UAE – particularly when you are looking at a blue chip multinationals or some of the bigger local companies – that actively discriminates when it comes to gender on pay."

Mr Raffoul said most gender issues are actually due to the cultural class, as the population is dominated by Asian and Arab cultures where men are generally expected to work and earn whereas women are meant to start a family.

"For that reason, we see a different gender gap. There are less women in senior roles because women tend to focus less on this but that’s not due to any companies having a policy penalising women for any reasons – it’s a cultural thing," he said.

As a result, Mr Raffoul said many companies in the UAE are coming up with benefit package programmes to help working mothers and the career development of women in general. 

Like a Fading Shadow

Antonio Muñoz Molina

Translated from the Spanish by Camilo A. Ramirez

Tuskar Rock Press (pp. 310)

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STAGE%201%20RESULTS
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EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

STAY%2C%20DAUGHTER
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Fourth-round clashes for British players

- Andy Murray (1) v Benoit Paire, Centre Court (not before 4pm)

- Johanna Konta (6) v Caroline Garcia (21), Court 1 (4pm)

The biog

Name: Younis Al Balooshi

Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Ipaf in numbers

Established: 2008

Prize money:  $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.

Winning novels: 13

Shortlisted novels: 66

Longlisted novels: 111

Total number of novels submitted: 1,780

Novels translated internationally: 66

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

AS%20WE%20EXIST
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The rules of the road keeping cyclists safe

Cyclists must wear a helmet, arm and knee pads

Have a white front-light and a back red-light on their bike

They must place a number plate with reflective light to the back of the bike to alert road-users

Avoid carrying weights that could cause the bike to lose balance

They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians

COMPANY%20PROFILE%20
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Company%20profile%20
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BORDERLANDS

Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis

Director: Eli Roth

Rating: 0/5

The%20Little%20Mermaid%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rob%20Marshall%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EHalle%20Bailey%2C%20Jonah%20Hauer-King%2C%20Melissa%20McCarthy%2C%20Javier%20Bardem%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Stan%20Lee
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Teenage%20Mutant%20Ninja%20Turtles%3A%20Shredder's%20Revenge
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THE%20SPECS
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THE%20FLASH
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Updated: October 17, 2022, 4:29 AM