ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Retail Workers, Employees at Large Companies Struggle Most With Workplace Technology

Employees in IT and software services are best equipped to handle system-wide changes while service industries are less likely to avoid disruption

Workers at midsize companies are most likely to say their technology beats their expectations

Retail workers are struggling to work productively with technology at a time when rapid changes to the work environment have made digital service more important than ever, according to new data from Qualtrics (Nasdaq: XM).

Depending on the industry, employees have very different experiences with the technology they use at work, and how well it meets their needs. The pandemic accelerated technology use at work, but many companies cobbled together short-term solutions that now need to be updated, consolidated, or standardized. A recent global study from Qualtrics XM Institute found that 89% of IT leaders believe it is extremely or very important for their company to improve its ability to respond to unexpected events, with 51% of them saying it is extremely important.

Key insights on employees and workplace technology show that employees in different industries have varying experiences with the technology they use at work. Listening to employee feedback on how well it meets their needs can help prevent symptoms of burnout.

  • Overall, only 34% of employees say the technology their workplace provides exceeds their expectations. Less than a quarter (24%) of retail employees agree, but 39% of workers in information technology or software and services say their work tech exceeds their expectations.
  • 54% of employees say they are rarely disrupted by major system changes, but only 49% of retail workers say the same.
  • Workers at mid-sized companies are most likely to say their technology at work exceeds their expectations.

This data is from a study of more than 35,000 employees from nine countries that will fuel Qualtrics’ benchmark insights, which allow organizations to compare their performance and identify opportunities across industries and geographies.

System interruptions are hard to avoid in customer-facing industries

One of the pain points caused by technology is its constantly changing nature, which forces users to adapt and update their own processes for using it. Less than half of retail workers say they’re rarely disrupted by system overhauls, and only 51% of employees working in the hotels, restaurant and leisure services say they are rarely affected by major system changes. Disruptions in these industries can extend to affecting services for the consumers they serve. By comparison, 58% of people working in IT and 57% of software services employees can avoid similar interruption.

“Post pandemic, getting the right technology is one of the biggest challenges facing companies as they try to keep their employees productive and engaged,” said Qualtrics Chief Workplace Psychologist Dr. Benjamin Granger. “It can be tempting to try to solve problems by introducing new technologies, but sometimes consolidating platforms to streamline processes is a better solution. Using tech that doesn't meet their needs or slows their productivity can be frustrating and contribute to employee burnout, so regularly listening to employees who use the tech tools is essential.”

Mid-sized companies find the sweet spot while small and extra-large businesses share similar struggles

Technology needs differ by company size, and workers at companies with 5,000 to 9,999 employees fare best with their workplace-provided tech. These employees are much more likely to say their technology exceeds their expectations - 42% say so, compared with the 34% of employees worldwide. System-wide changes are also less likely to affect their ability to work, as 60% say they are rarely disrupted by changes.

Despite the difference in their workforce sizes, employees at small organizations (fewer than 500 employees) and extra-large ones (more than 50,000 workers) report similar challenges with their workplace technology. Less than one in four employees say their technology exceeds their expectations, and less than half say their work is rarely disrupted by system-wide changes to their technology.

 

Global Employees

Small Companies (<500 employees)

Mid-size Companies (5,000-9,999 employees)

Extra-large Companies (>50,000 employees)

Employees who say technology at work exceeds their expectations

34%

23%

42%

24%

Employees who say they are rarely disrupted by major system changes

54%

49%

60%

47%

Methodology

This data comes from a study of more than 33,000 employees in 25 countries conducted in Q3 2022. Respondents were 20 years or older and roughly representative of local demographics. All were full-time employees at companies with 100 or more employees.

About Qualtrics

Qualtrics, the leader and creator of the experience management category, is a cloud-native software provider that helps organizations quickly identify and resolve points of friction across all digital and human touchpoints in their business – so they can retain their best customers and employees, protect their revenue, and drive profitability. More than 18,750 organizations around the world use Qualtrics’s advanced AI to listen, understand, and take action. Qualtrics uses its vast universe of experience data to form the largest database of human sentiment in the world. Qualtrics is co-headquartered in Provo, Utah and Seattle, and operates out of 28 offices globally. To learn more, please visit qualtrics.com.

“Post pandemic, getting the right technology is one of the biggest challenges facing companies as they try to keep their employees productive and engaged,” said Qualtrics Chief Workplace Psychologist Dr. Benjamin Granger.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.