Employee Expectations are Changing. Is your Organization Prepared?
COVID-19 has redefined the workplace. Many companies are doubling down on their efforts to adapt and support the changing needs and expectations as the workplace environment continues to evolve. From hybrid and remote work expectations, to work-life balance, employees and leaders alike have all been fast at work learning what strategies are successful in embracing the changes in today’s working world for success in business.
Nearly 25% of American Workers are planning on looking for a new job once the pandemic is over. 53% say they would switch to an entirely new industry if they could retrain. What is behind the shift? Top reasons include compensation, work-life balance and limited growth opportunities. It’s crucial for leaders to remain at the forefront of the changes to continue to attract, retain, and support their top talent.
What can companies do to stay on top of all of these changes?
Listen. Fully understand the needs, challenges, and desires of team members in order to evaluate the culture. One on one interviews and peer focus groups are particularly helpful in drawing out themes that cannot be identified by a leader within a company. Individuals tend to be more open to trusted third party advisors. Once themes have been identified, they turn into opportunities!
Support. Training, Development and Coaching are all critical in enhancing personal and professional satisfaction. That translates into retention. Turnover is costly, so if support is given on an ongoing basis, your organization is positioned for growth and success.
Strengthen. Use information, insights and findings to continue to evolve and grow. Establish processes to take advantage of the opportunities uncovered in the listening stage. When processes are strong, confidence is high as everyone understands what to expect.
Do you have an expert to guide you through these changes? Partner with M3 for a program that strengthens your business to thrive in a post-pandemic world. M3 takes a customized approach to address the work environment, policies and dynamics of your organization. The Workplace Experience Program will equip your leaders with skills that are in demand as employee expectations continue to evolve. Reach out at firstname.lastname@example.org for program details.