"There is little success where there is little laughter."
- Andrew Carnegie
The recent frenzy of layoffs have spurred a plethora of studies concerning heart-led leadership, and employee retention. Professionals are more leery now to relocate or pledge allegiance to an organization due to the recent pink slips issued by some of the most successful can't fail companies of our time.
With that being said, the consistent concern of employee retention has once again taken center stage. We found much value in a recent study, and wanted to highlight a couple of key items. According to Gartner[1], employees in 2023 want employers to be savvy in order to attract in-demand talent, prioritize employee mental health, and confront data ethics in new HR technology. Forbes[2] states that employees in 2023 also want businesses to develop processes for monitoring employee output and standards without being physically present.
Additionally, Mike Russell[3] suggests that employees want a company that will provide them with more skills and competencies and a learning culture where the employer is taking an active role in preparing its employees. Qualtrics[4]states that employees in 2023 want companies to adopt a flexible, people-centric approach that keeps their wants and needs at the forefront of their HR strategy.
Would implementing all these things make employees happy? Well yes! Employees are happiest when they feel valued, recognized for their contributions, and have a sense of purpose in their work. According to a study by Achievers ,employees who feel valued are 60% more likely to be engaged at work.
Regular feedback, recognition programs, and opportunities for growth and development are all great ways to increase satisfaction, and ultimately employee retention. A sense of purpose can be fostered by ensuring that employees understand how their work contributes to the success of the organization and that they have a clear understanding of the organization's mission and values.
Additionally, employees are happier when they have a positive work-life balance. This can be achieved by offering flexible work arrangements, such as remote work or flexible hours, and by promoting a culture of wellness and stress management.
A study by CareerBuilder found that employees who have a good work-life balance are 10% more likely to stay with their current employer.
Finally, employees are happiest when they have good relationships with their coworkers and managers. This can be fostered through team-building activities, open communication, and a positive work environment that promotes collaboration and inclusivity.
As you can see hiring the right leadership talent that promotes a healthy, collaborative, and empathetic work environment is key. If you are a leader passively entertaining new opportunities, feel free to connect with us. We would love to hear from you. If your organization wants to hire results oriented compassionate leaders then our search firm is for you. Reach out here.
About Recruiting Awesome. We are a small, and pithy group of professionals that bring a highly personalized touch to executive search. Our engagements are never outsourced, and you partner with one key contact for the entirety of your search. We welcome assisting you on your internal leadership opportunities. Some of the greatest breakthroughs happen in times like these. Let's start this exciting journey together.