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The past few years have brought about numerous significant events that disrupted “business as usual,” leading individuals to re-evaluate the role of work in their lives and pursue work and conditions that work best for them. Data and anecdotal experience summarized through phrases like “the Great Resignation” and “quiet quitting” tell this story.
To attract and retain top talent needed to achieve strategic objectives, organizations must do more than ever before to meet employees’ needs, including competitive compensation, flexible working conditions, and a supportive work culture that enables high performance, equitable development opportunities, and psychological safety. Understanding and acting on these employee needs is crucial to stem high turnover rates and associated costs.