Many thought the Great Resignation wouldn’t last, but employees have spoken up and they are done living on someone else’s terms.
Today if an organization is not valuing flexibility, building an inclusive culture, and investing in their top talents growth – those people are finding their own way to the door.
You need to know…
Prior to the pandemic 55% of companies said they felt confident that they were developing their top or merging talent. After the pandemic only 38% felt the same, meaning 62% of talent has been stranded on an island, with no rescue plan in sight.
In the past 6 months 1 in 5 employees have left their companies, leaving 75% of business leaders reporting that top talent leaving their organization is impacting their financial stability.
The national average cost of a single resignation is $11,300. Meaning when great people leave your organization it’s not only impacting your work culture it’s hitting your bottom line.
It’s not too late…
Research shows that intentionally developing your top and merging leaders reduces turnover by 42%. Meaning today you need to pour into the most influential people in your business to have a thriving business.
Today people have proven they’re willing to sacrifice the promotion or more money to protect their emotional and mental health. Meaning now is the time to holistically invest in your people like never before.
Anonymously less than 40% of people surveyed – in any industry – said they were fully engaged in the workplace. Engagement is when a person brings their best contributions to the workplace on a regular basis. Meaning most people are status-quo and your vision is at risk.
Feel free to start small to see the impact on an individual before expanding the number of people you select for this experience. By investing several days into a high or merging talent team member, the result can be exponential.
A deeper sense of self-awareness. Self-aware leaders operate from a stance of health towards a position of making things around them healthier. Unfortunately many high achievers find their motivation from ego or fear; neither of which you want duplicated in your company’s culture.
A deeper commitment to your vision. By enriching your top influencers you are building a bond between who they are and what they do. In return you will find your top and merging talent moving the needle of your entire culture which impacts your bottom line.
A truer sense of getting the right people in the right seat. When people can better articulate their passions, talents, and heart it gives you the opportunity to put that person in the right seat or have a clearer path moving forward.
