What is the “great resignation?“ This is a phrase coined by Anthony Klotz of Texas A&M University. Initially, he observed as Covid-19 struck, that the number of resignations declined. Employees, naturally in a state of uncertainty, clung to their jobs. However, he predicted that this trend would be reversed and this seems to be taking place. Working in completely new ways, employees have had an unprecedented opportunity to reappraise their working lives, re-adjusting their priorities and what they expect and demand from the employment relationship.
Systemic and structural changes are underway. In most industrialised economies unemployment is surprisingly low and many industries are short of workers. The overarching challenge for employers is succinctly and forcefully laid out in the LinkedIn article: “get ready – you are at risk…. If you want to keep (your top employees) you’re going to have to give them reasons to stay“.
So, all the fundamental elements of an inclusive culture become ever-more critical – instilling a feeling of belonging; embedding psychological safety; showing empathy; encouraging flexible working; making sure that the organisation is a pathway to personal enrichment and fulfillment; constantly working to make the brand one to be proud of. These are all elements that can be measured as Symmetra is doing with its global clients. Failure to do so may result in valued employees eyeing greener pastures.