Business Leaders Malta is to introduce its latest product offering, BLM Research, in a bid to satisfy increased demand from the local business community for meaningful data to support decision-making.
BLM Research’s first project was Employee Research, launched in 2012 under the name BLM Awards. Employee Research is a comparative study of employee attitudes among local organisations for which BLM has already signed its first participants.
“We presented the first-ever BLM Awards at our main event, the annual conference, last February,” Konnekt’s Josef Said explained. “Awards were presented based on data collected from employees from 26 participating companies. Following the event, our clients felt that the awards were a distraction. Benchmarking employee attitudes and obtaining information about their employees on which they are able to act was more important to them. As usual, we have taken the feedback on board and we will make some changes to the format of both the awards and of the research.”
Still based on 70 statements which have been updated, the employee awards will no longer be given to the organisations based on the scores they obtain with the highest mean score in each of the seven domains. The domain level awards are being dropped as company size and mean score are negatively correlated. This year there will be four company-size categories: two for companies under 100 employees, 100 to 299, and more than 300 employees.
Participating companies will also be able to choose up to three ‘filters’ to examine data e.g. by department, age or tenure. Companies may also add sets of statements over and above the 70 standard questions. Data from these statements will not be considered for the purpose of the awards.
Research will be carried out between September 29 and October 15 and results will be out on November 1, rather than February.
Mdina Partnership’s Alex Galea said this time frame will better serve participants as they go about acting on the results by planning performance reviews or training programmes.
The award nominations will be announced by December and presented at the fifth BLM conference which has been scheduled for February 28.
BLM Research is also to embark on a detailed study of remuneration packages offered by employers which will be published annually.
The report will focus on executive roles and professionals, unrestricted to company size or industry.
“Rather than focusing on specific roles and calculating the average, BLM Research plans to produce an analytical study of how remuneration packages for specific roles differ across industries or according to factors like gender or experience. Results will be compared with international trends. There will be as much interpretation data as possible to add value to the findings.”
BLM Remuneration Research will be accessible online to subscribers who will be able to apply filters to the data to narrow the information down to the specifics they require.