Resilience, Company culture and Team-building.
It Is Not About Who You Are But Who You Choose To Be
Forecast April 2021: What's Next?
Our Forecast:
We foresee a significant, and somewhat preventable, increase in turnover in America's companies in the next year and a half. This is due to three factors:
1. The economy is on the verge of super-heated growth which will create millions of jobs.
2. Many corporate types now working from home find their well-being, their contentment, has taken a big hit. The survival stage is over, many people are wanting to restore daily in-person interactions with their favorite co-workers to increase their life satisfaction. For people with that mindset some will move to other companies if their company doesn't open the doors to allow working at work. Robert Half's survey puts the number really wanting to go back at 25%. With 33% saying they will leave if forced to return to the office.
3. At a deeper level, the pandemic was an existential event. Traumatic experiences almost always cause us to re-evaluate our core beliefs. While Covid was not a traumatic event for many, it was nonetheless a significant event for all. Covid, in combination with disrupted work relationships, raises the question of our meaning and purpose, a train of thought that can lead to job/career change.
Corporate leaders must walk a fine line. If they move too far in either direction they will have an employee retention problem.
Here are some suggestions for corporate leaders to consider:
If people WANT to come back to the office allow them to do so.
Stay flexible, if possible, to keep those who want to work remotely. At least for the next year. It will be especially important to be intentional and make remote workers feel part of the team.
So ask yourself, what makes your company a great place to work? Opportunities are about to abound. Create reasons why your people will choose to stay, whether remote or in the office. The obvious reasons are pay and opportunity. The most significant overlooked reason is likely company culture.
To make your place a place people want to be, train in:
Team-Building.
Company Culture. (This is strictly top down. Start with senior management.)
Resilience and Well-Being.
Contact us below for a consultation.
Kent Blake
Principal, Snowbird Consulting
Training and Management Consulting
901-569-6527
Note: Snowbird Consulting works with people to achieve prevention and wellness. See a mental health provider for treatment or remediation.