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MANILA, Philippines, Jan. 15, 2025 /PRNewswire/ -- Pearson (FTSE: PSON.L), the world's lifelong learning company, today released results from test takers in the Philippines as part of the Pearson Global English Proficiency Report 2024. It reveals Philippine corporate employees proficiency compared to the average Versant test taker around the globe. The average 4-skills English score in the Philippines is 63, compared to the global average of 57. Philippine employees also score higher in Speaking (56 compared to 54) and Writing (62 compared to 61). Pearson English Language Learning Country Manager Mark Flores said: "The main reason for these exemplary results is the growing IT-Business Process Management sector in the Philippines, central to the country's economy and leading the globe. "Between 2009 and 2023, the number of people in the IT-BPM sector increased from around 500,000 to 1.7 million, according to the IT and Business Process Association of Philippines." The Pearson Global English Proficiency Report, 2024, provides invaluable insights into global English proficiency levels and spotlights regional trends in other countries such as India, Japan, Egypt, Colombia, and Europe. It is an essential resource for business leaders and talent decision makers looking to leverage English proficiency in hiring and learning and development (L&D) strategies. As the global business landscape becomes increasingly interconnected, English proficiency remains a critical skill for workforce competitiveness. The Pearson Global English Proficiency Report 2024 aggregates and analyses data from approximately 750,000 out of the millions of English language tests conducted worldwide, offering a detailed snapshot of current skill levels and emerging trends. Key Findings and Insights: Global Trends: Despite a fivefold increase in English tests taken since 2020, overall proficiency scores have remained stable, indicating a broadening pool of talent with essential English skills. Additionally: English Writing Proficiency: Average written English scores have reached a record high, likely due to the increase in written online communication and the dominance of English on the internet. L&D Prioritization: Organizations are increasingly prioritizing English in L&D programs, particularly in regions like Asia Pacific and China, and the Middle East and Central Asia, to future-proof their workforce. Industry Variations: Proficiency levels vary significantly by industry, with the Communications industry showing the highest speaking scores but the lowest writing scores, while sectors like Telecoms, Technology, and Finance exhibit high proficiency in both speaking and writing. Giovanni Giovannelli, President of Pearson's English Language Learning division, said: "In today's global economy, English proficiency is not just a skill but a strategic asset. The Pearson Global English Proficiency Report 2024 provides business leaders with the data-driven insights they need to make informed decisions about hiring and developing their workforce. By integrating these insights into their talent strategies, organizations can enhance their competitive edge and drive growth." Benefits for Business Leaders and Talent Decision Makers: Informed Hiring Decisions: Use detailed proficiency data to set clear language requirements for roles and benchmark candidates accurately. Enhanced L&D Strategies: Identify language skills gaps and tailor training programs to improve employee performance and satisfaction. Global Competitiveness: Leverage English proficiency to unlock new markets and build a workforce prepared for international challenges. The Pearson Global English Proficiency Report 2024 is now available to download here. About Pearson At Pearson, our purpose is simple: to help people realize the life they imagine through learning. We believe that every learning opportunity is a chance for a personal breakthrough. That's why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world's lifelong learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn't just what we do. It's who we are. Visit us at pearsonplc.com.
A new study by MoneySmart finds that over half (52%) of adults living in Hong Kong SAR and Singapore now turn to social media as their primary source of financial advice, with YouTube emerging as the most popular platform. The study explored the growing role of social media in shaping financial decisions, with a focus on how it influences decisions around investing, saving, and spending. Nearly three in five (63%) now seek investment advice from social media, showing the platform's growing role in guiding investment decisions. SINGAPORE, Jan. 15, 2025 /PRNewswire/ -- A newly released study by leading personal finance portal MoneySmart reveals that social media has become a dominant source of financial information, influencing key decisions around investments, savings and spending habits. The study, which interviewed 2,000 adults in Hong Kong SAR and Singapore, found that more than half (52%) now rely on social media as their main source of financial advice, trumping the likes of family and friends, financial advisors, and personal finance books. Platforms such as YouTube, Instagram and Facebook emerged as the most popular for accessing financial insights. Nearly half (43%) of those surveyed believe social media has improved their financial knowledge, with 19% using it daily to seek financial tips and advice. According to the study, Millennials are the generation most frequently turning to social media for financial advice, with 53% seeking information at least weekly. The most popular topics across all age groups include investing (59%), saving (57%) and budgeting (34%). Social media is shaping our financial behaviour and investments In today's digital age, financial information is more accessible than ever, with social media empowering individuals to take a more proactive approach to managing their finances. Nearly a quarter (23%) have changed their spending habits due to social media, with 30% starting a budget, 16% initiating an emergency fund and 11% increasing their retirement savings contributions. Interestingly, regional preferences emerged, highlighting unique usage patterns in Singapore and Hong Kong SAR. YouTube stands out as the most popular platform for financial advice in both markets, reflecting the possible appeal for video-based learning. However, platform preferences diverge beyond YouTube, with TikTok gaining popularity in Singapore as a hub for short-form financial content, while Whatsapp and LIHKG forums resonate more with Hong Kongers for community-driven discussions. This diversity in platform usage underscores the importance of adopting tailored strategies to engage and educate consumers effectively across different markets. Beyond habit shifts, social media is also encouraging Singaporean and Hong Kong SAR adults to make substantial financial decisions. Nearly a quarter (24%) have opened a savings account, while 18% have applied for a financial product such as a credit card or loan due to social media advice. Investments, in particular, were heavily influenced by social media, with 37% of respondents making investments based on advice seen online, with popular choices including US stocks (45%), bonds (24%), etc. This illustrates how recommendations on social media are actively shaping financial behaviour and underscores the importance of ensuring that consumers are equipped with the skills needed to assess the credibility of financial advice online. The financial risks of social media While social media provides broader access to financial information, the study reveals significant risks tied to unverified advice. Alarmingly, almost 1 in 5 (18%) respondents lost money on investments influenced by online advice, and a further 14% fell victim to financial scams after following social media recommendations. Among those who followed social media advice, 9% reported substantial financial losses. These findings underscore the serious consequences of following poor or even malicious financial advice on social media, with many suffering direct financial losses that could have a lasting impact on their overall financial security. Adding to these concerns, 70% of respondents encounter financial advice passively through their social media feeds, suggesting that they may be influenced by financial content even when they're not actively seeking it. Additionally, a number (12%) of respondents reported feeling more confused or overwhelmed by the sheer volume of financial information on social media, highlighting the need for better guidance. These findings emphasise the real dangers of unverified advice and the critical importance of seeking reliable financial guidance from trusted sources. Abel Lee, General Manager at MoneySmart Singapore and Hong Kong commented, "Our study reveals a significant shift in how consumers approach financial advice, with social media now taking the lead over traditional sources. While it's encouraging to see more individuals engaging with their finances, it's crucial to ensure the credibility and accuracy of the information they rely on. At MoneySmart, we go beyond just connecting consumers to personal finance products through our marketplace. With resources like our blog and licensed insurance specialists, we are committed to providing well-researched advice and practical guidance to help people make sound financial decisions — whether it's investing, saving, budgeting, choosing the right credit card or loan, or selecting an insurance plan." "While social media has made financial advice more accessible, it also comes with risks from unverified sources. In a landscape where unverified advice is prevalent, our focus is to empower individuals with the tools, trusted guidance, and personalised recommendations they need to make informed decisions that lead to positive outcomes," said Lee. How to spot poor financial advice and make smarter investment decisions As financial hubs, Hong Kong SAR and Singapore face shared challenges and opportunities when navigating financial advice on social media. Insights from industry experts in both markets, including Ethel Yow, APAC & ME Social Media and Content Manager at IG Markets and Joe Yu, Chief Marketing Officer at Futu Securities, provide actionable tips to help consumers make informed decisions while avoiding common pitfalls. Be cautious of bold claimsEthel and Joe advise being wary of financial advice that promises guaranteed returns or "risk-free" investments, often framed as clickbait such as "100% win rate strategy" or "How to become a profitable trader." Sensational headlines are designed to attract attention, but credible sources will offer balanced insights about both potential returns and risks. Verify the informationSocial media is largely unregulated, meaning anyone can post financial content regardless of expertise. Ethel recommends cross-checking advice with reputable financial news outlets, official company reports, and licensed financial advisers, while Joe suggests a three-pronged approach: verify the source, consult multiple sources and assess the information's timeliness. Seeking professional advice and carefully evaluating risks are essential steps before making significant financial decisions. Understand the risksSocial media offers real-time market sentiment and a variety of investment ideas, which can broaden perspectives. However, Joe warns that emotional triggers like FOMO (fear of missing out) can lead to impulsive decisions that often do not align with sound financial planning. Balance short-term excitement with long-term goalsTo avoid focusing solely on short-term returns, limit speculative investments to a small portion of your portfolio while balancing them with more stable assets like index funds or bonds. Both experts recommend setting clear financial goals, creating a budget, diversifying investments and regularly reviewing your portfolio to maintain long-term financial stability. Do your own research and use trusted platformsIndependent research is critical to understanding the risks, potential returns, and suitability of an investment. Joe emphasises the importance of choosing regulated brokerages, such as those licensed by the SFC in Hong Kong, for secure and transparent transactions. Trusted platforms offer reliable tools and resources that support informed investment decisions. Stay alert to scams and avoid herd mentalityBoth Ethel and Joe highlight the risks of scams impersonating legitimate entities, such as investment platforms or financial influencers. Always verify the authenticity of information and social media links before acting. Avoid blindly following trends without assessing risks, as impulsive decisions can lead to significant losses. For more advice on making informed financial decisions, including investing, and to explore the full findings of the study, please visit: Hong Kong SAR (EN):https://www.moneysmart.hk/en/online-brokerage/social-medias-influence-on-financial-decisions-ms Hong Kong SAR (ZH):https://www.moneysmart.hk/zh-hk/online-brokerage/social-medias-influence-on-financial-decisions-ms Singapore:https://www.moneysmart.sg/online-brokerage/social-medias-influence-on-financial-decisions-ms -ENDS- For all media enquiries, please contact: Jasmine Hong Communications Manager, MoneySmart Group jasmine.hong@moneysmart.com Survey Methodology Research conducted on behalf of MoneySmart by Savanta among 2,000 Singaporean and Hong Kong SAR adults (aged 18+). The survey was carried out online between 2 – 7 October 2024. About MoneySmart Group MoneySmart Group is a leading personal finance group in Southeast Asia, encompassing two dynamic brands: MoneySmart and Bubblegum. Bringing together these brands to offer a comprehensive range of financial products, knowledge and advice, MoneySmart Group is dedicated to empowering consumers with clarity, confidence and control over their financial future. MoneySmart serves as a financial marketplace and content platform for consumers to make informed decisions across a variety of banking, insurance and investment products. We do the hard work of compiling the information and sharing advice to make it easy for you to understand, compare and choose the best personal finance products for you. Our SmartRewards programme also enables customers to earn points on transactions that can be redeemed for rewards. Under our Bubblegum brand, we create desirable insurance products and experiences, aiming to become the leading digital insurtech brand of the future. For more information, please visit www.moneysmart.com.
While Others Decline, the UNBrokerage is Again Named to Entrepreneur's Prestigious Franchise 500(R) List For its Explosive Growth and Viability LAGUNA NIGUEL, Calif., Jan. 15, 2025 /PRNewswire/ -- Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE of the fastest-growing franchisors in the world, is the No. 1 real estate brand for the fourth year in a row on Entrepreneur's highly-competitive 2025 Franchise 500® list, just as the global franchisor celebrates its 20th anniversary this year. This is the ninth year that Realty ONE Group has made the list, continuing to climb the rankings every year, with its closest real estate competitor now nearly 20 positions behind. "Claiming the No. ONE spot on this widely-esteemed list, for the fourth consecutive year, further fuels the momentum we're bringing into 2025 and our 20th anniversary," said Kuba Jewgieniew, CEO and Founder of Realty ONE Group. "And every year, as a result of testimonials like this and from our own raving fans around the world, real estate professionals and entrepreneurs come to us looking to share in the success and be a part of something special and UNique in this industry." Entrepreneur named Realty ONE Group International to the list for its network growth, financial strength, and brand power and said in a press release that… "The Franchise 500 is more than a list. It's really a collection of life-changing opportunities, featuring strong and resilient brands that future franchisees will be proud to be a part of." The lifestyle brand continues to evolve all aspects of its full-service offerings, including its proprietary technology zONE, business coaching platforms, ONE University and all aspects of its 6C's. The UNBrokerage as it is known in the industry has more than 20,000 real estate professionals in more than 450 offices in 49 states, Washington D.C., and 24 more countries, recently expanding into Bonaire and Curacao. Learn more at www.OwnAOne.com. About Realty ONE Group InternationalRealty ONE Group International is one of the fastest growing, modern, purpose-driven lifestyle brands in real estate whose ONE Purpose is to open doors across the globe – ONE home, ONE dream, ONE life at a time. The organization has rapidly grown to more than 20,000 real estate professionals in over 450 locations across 24 countries and territories because of its proven business model, full-service brokerages, dynamic COOLTURE, superior business coaching through ONE University, outstanding support and its proprietary technology, zONE. Realty ONE Group International has been named the number ONE real estate brand by Entrepreneur Magazine for three consecutive years and continues to surge ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.
MILPITAS, Calif., Jan. 14, 2025 /PRNewswire/ -- Electronic System Design (ESD) industry revenue increased 8.8% to $5,114.5 million in the third quarter of 2024 from the $4,702.4 million registered in the third quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced today in its latest Electronic Design Market Data (EDMD) report. The four-quarter moving average, which compares the most recent four quarters to the prior four, rose 13.7%. "The electronic design automation (EDA) industry reported significant revenue growth in Q3 2024," said Walden C. Rhines, Executive Sponsor of the SEMI Electronic Design Market Data report. "Product categories Computer-Aided Engineering and Services posted double-digit growth, with Printed Circuit Board and Multi-Chip Module, and Semiconductor Intellectual Property also posting growth. Regionally, the Americas along with Europe, Middle East, and Africa reported double digit growth. The four-quarter moving average increased for all product categories and regions." The companies tracked in the EDMD report employed 62,417 people globally in Q3 2024, a 4.5% increase over the Q3 2023 headcount of 59,737, but down 1.2% compared to Q2 2024. The quarterly EDMD report contains detailed revenue information within the following category and geographic breakdowns. Revenue by Product and Application Category – Q3 2024 Year-Over-Year Change Computer-Aided Engineering (CAE) revenue jumped 16% to $1,922.2 million in Q3 2024. The four-quarter CAE moving average increased 14.5%. Integrated Circuit (IC) Physical Design and Verification revenue decreased 5.5% to $854.4 million. The four-quarter moving average for the category increased 4.3%. Printed Circuit Board (PCB) and Multi-Chip Module (MCM) revenue rose 5.8% to $450.8 million. The four-quarter moving average for PCB and MCM rose 9.1%. Semiconductor Intellectual Property (SIP) revenue increased 7% to $1,686.2 million. The four-quarter SIP moving average rose 17.5%. Services revenue rose 45.2% to $200.8 million. The four-quarter Services moving average rose 30.8%. Revenue by Region – Q3 2024 Year-Over-Year Change The Americas, the largest reporting region by revenue, procured $2,325.4 million of electronic system design products and services in Q3 2024, a 17.2% increase. The four-quarter moving average for the Americas rose 17%. Europe, Middle East, and Africa (EMEA) procured $645.6 million of electronic system design products and services, a 17.1% increase. The four-quarter moving average for EMEA grew 15.4%. Japan's procurement of electronic system design products and services decreased 3.5% to $298.5 million. The four-quarter moving average for Japan increased 7.6%. Asia Pacific (APAC) procured $1,845 million of electronic system design products and services, an 0.7% decrease. The four-quarter moving average for APAC grew 10.6%. About the EDMD ReportThe ESD Alliance Electronic Design Market Data report presents Electronic Design Automation (EDA), SIP and Services industry revenue data quarterly. Both public and private companies contribute data to the report available from SEMI. Each quarterly report is published approximately three months after quarter close. EDMD report data is segmented as follows: Revenue by product category (CAE, IC Physical Design and Verification, SIP, PCB/MCM Layout, and Services) including numerous detailed sub-categories Revenue by geographic region (Americas, EMEA, Japan and APAC) Total employment at participating companies For information about SEMI market research reports, visit the SEMI Market Research Reports and Databases Catalog. About the Electronic System Design AllianceThe ESD Alliance, a SEMI Technology Community, offers initiatives and activities that bring value to our entire industry including: Coordinating and amplifying the collective and regional voices of the industry. Continually promoting the value the industry delivers to the global semiconductor and electronics industry. Addressing and defending threats and reducing risks to the industry. Achieving efficiencies for the industry. Marketing the attractiveness of the design ecosystem as an ideal industry for pursuing a career. Enabling networking, sharing and collaboration across the industry. Contact Paul Cohen at pcohen@semi.org or Bob Smith at bsmith@semi.org for more details. Engage with the ESD Alliancewww.esd-alliance.org ESD Alliance Bridging the Frontier blogX: @ESDAllianceLinkedInFacebook About SEMISEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members' business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more. The information supplied by the ESD Alliance is believed to be accurate and reliable, but the ESD Alliance assumes no responsibility for any errors that may appear in this document. All trademarks and registered trademarks are the property of their respective owners. Association Contacts Paul CohenPhone: 508-769-2106 Email: pcohen@semi.org Jack TaylorPhone: 512-560-7143 Email: jack.taylor@siemens.com
RapidSOS's transformative platforms leverage artificial intelligence (AI) and connected data from over 540 million connected devices, sensors and apps to streamline emergency communications and improve outcomes in critical situations. SAN ANTONIO, Jan. 14, 2025 /PRNewswire/ -- Frost & Sullivan recently researched the North American public safety industry and, based on its findings, recognizes RapidSOS with the 2024 Product Leadership Award. RapidSOS is an AI-powered intelligent safety company headquartered in New York City that provides real-time data intelligence to first responders during emergencies, optimizing how 911 telecommunicators and emergency personnel gather and leverage data during critical incidents. RapidSOS continuously innovates its intelligent safety platform, enabling first responders and 911 to detect and swiftly respond to emergencies. One of these innovations is AI-driven RapidSOS UNITE, a sophisticated platform that integrates critical communication workflows and data from multiple sources like security cameras, medical profiles, telematics, and wearables to surface life-saving information in one coherent, actionable view. With its outstanding products and customer-inspired strategy, RapidSOS consistently launches best-in-class solutions. The company combines human creativity with AI to speed up emergency response processes, making complex information accessible and actionable in real time. For example, the company developed its innovative Digital Alerts and non-emergency automation services to streamline the time-consuming process of handling tasks like alarm calls, reducing the time spent on manual call processing and false alarms. Additionally, RapidSOS UNITE centralizes next-generation 911 (NG911) workflows, displaying emergencies on a master map and supporting advanced features like AI-driven data prioritization. It also effectively integrates video feeds from over ten million security cameras and provides customizable modules that can be tailored to meet specific business needs. "A pioneer and transformational public safety leader, RapidSOS demonstrates its agility by continuously advancing and refining its game-changing emergency response platform, enabling first responders and 911 to identify, react, and respond to emergencies more efficiently. The company recently introduced RapidSOS UNITE, a flexible platform that intelligently unifies workflows and data for all means of communications relevant to an emergency event," said Brent Iadarola, vice president of research at Frost & Sullivan. Moreover, RapidSOS's Digital Alerts and AI enhance operational efficiency by integrating data from various sources, such as fire sensors, vehicle telematics, and security systems. This seamless flow of information allows first responders to arrive better prepared and reduces the likelihood of human error during critical moments. As a result, RapidSOS empowers public safety agencies to manage increasing call volumes and complexity with fewer resources, ensuring that responders are fully prepared with the right information. "As the public safety staffing crisis deepens, exacerbated by increasing responsibilities and a record volume of 911 calls in 2023, public safety agencies must do more with fewer resources. RapidSOS developed its Digital Alerts service to address these strategic imperatives, which streamlines the processing of alarm calls that traditionally relied on analog phone calls. 911 telecommunicators, on average, spend nearly 20% of their time on inefficient, tedious tasks related to false alarm notifications," noted Samantha Fisher, best practices research analyst at Frost & Sullivan. Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact:Camila TinajeroE: camila.tinajero@frost.com About RapidSOS RapidSOS is an intelligent safety company that harnesses artificial and human intelligence to fuse life-saving data from 540M+ connected devices, apps, and sensors from 200+ global technology companies to over 21,000 public safety agencies in six countries. Whether there's an unsafe moment or an emergency, RapidSOS Ready devices, vehicles, homes, or buildings deliver essential data to the right place when it matters most. Learn more at www.RapidSOS.com.
Inaugural study of employees in 23 geographies reveals employees are engaging in a "hustle reset" as they reassess where and how much they work DUBLIN, Jan. 14, 2025 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today released results from its 2025 Human Capital Employee Sentiment Study. The global study of more than 9,000 employees across 23 geographies, including the U.S., UK, Brazil and Australia, found that a majority of workers have their eye on their next move and do not feel motivated to grow their skill set as they prioritize well-being and work-life balance. Aon's study found that a staggering 60 percent of employees are already moving on and might or will definitely seek new employment in the next 12 months, revealing widespread dissatisfaction with their current job. Moreover, employees surveyed showed a low commitment to improving their AI skill set, as just over a third of employees globally feel motivated to develop new skills to stay relevant when asked about the new technology. At the same time, demand for flexibility is on the rise, as employees rank work-life balance benefits – such as job sharing or technology-free hours – as third overall most valued benefit. Gen Z employees rank work-life balance programs as their second most valued benefit, just behind medical benefits, and outranking paid time off, career development and retirement savings. Taken together, these results illustrate that employees around the world are reassessing their relationship to their employer and more broadly the "hustle culture" of burnout and "always-on" ethos that has defined recent years of discourse around the future of work – a phenomenon Aon calls the "Hustle Reset." "It's a common belief that the employee trends that took hold during the 'Great Resignation' of 2021 and 2022 are over, but our study results show a more nuanced picture of the workforce landscape," said Lambos Lambrou, CEO of Human Capital at Aon. "Despite cooling in the job market, employees are reevaluating their values and priorities and, as they look for their next move, prioritizing employers that will support their life outside of work." Aon's study results reveal that a strong company culture help employers recruit and retain top talent amid the "Hustle Reset." Behind competitive pay and benefits, employees seek businesses that are considered "a fun place to work" and "a strong fit with personal values" over all other factors when selecting a new role. Other trends identified in Aon's 2025 Employee Sentiment Study include: Executives and Employees Have Different AI Expectations: Twenty-two percent of founders and C-suite executives believe that AI will significantly replace jobs in their field, yet only 11 percent of entry-level employees believe the same. Entry-level employees are 64 percent more likely to be unsure of the impact AI will have on their roles and 31 percent less likely to think that it will create new opportunities that require new skills in their field. Hybrid Workers Feel the Most Valued: Hybrid workers feel the most valued by their company. Fully remote employees are 52 percent more likely to feel undervalued and office-based workers are 10 percent more likely to feel undervalued. Money Talks in the Talent War: Forty-seven percent of employees ranked the provision of better-than-average pay and meaningful benefits as the number one factor influencing their employer choice, but culture is also a key attractor. Considering this, it becomes even more important for businesses to use data and analytics to benchmark pay and benefits against market standards, ensuring they remain competitive. Aon supports this process through its Radford McLagan Compensation Database, which provides actionable insights into market trends and total rewards strategies to help companies attract and retain top talent. Too Many Employers Are Failing to Accommodate Differing Needs: Seventy-two percent of employees said personalization of benefits was important to them, yet only 41 percent of employees currently have a choice-based system of benefits. Ineffective Communication is Hindering Employee Utilization of Benefits: The study exposes vital gaps in communication between employers and their people. Even for commonly placed benefits, such as life and disability insurance, our results expose that only 38 percent of employees who consider life and disability benefits important believe they have access to them. "The results of our inaugural Human Capital Employee Sentiment Study reveal that employee expectations are shifting and the war for talent is far from over. Employers feel more pressure than ever to deliver a superior experience that retains strong talent," said Lisa Stevens, Chief Administrative Officer for Aon. "Our firm is ready to help leaders make decisions that move the needle and foster loyalty amid the 'Hustle Reset,' creating an environment where employees can thrive." About AonAon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here. Media Contactmediainquiries@aon.comInternational: +1 312 381 3024Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114 Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues in over 120 countries provide our clients with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.
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