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Your future workforce is living in a Social Revolution. They are motivated by quality of life and looking for a more human work experience.
The Great Resignation may be over but businesses are now fighting a new battle in the war for talent. The Great Retention will be won by the organisations that proactively address the evolving demands of their employees and create a workplace culture each individual is proud to be part of.
In this article we help you understand the evolution of why your employees come to work so that you can begin making plans to ensure they stay.
This process of change has triggered employees to reflect on why they work. What is it that they want from their role and company that helps them spring out of bed in the morning, and motivates them to do their best work every day whilst still maintaining a healthy work-life balance.
It wasn't too long ago employees' attitudes towards work were very different. During the Industrial Revolution people worked to survive. Jobs were limited and as a result employees were forced to stay in their roles even if they were made to work in unfavourable conditions for minimal reward.
Once basic needs had been met, the Information Revolution saw people working to provide a higher standard of living for their families, meaning pay and status were the natural motivators. The number of jobs was significantly higher and employees' loyalty to their company was low. The war for talent was won by the company that paid the most or created the most favourable working conditions - think ping pong tables and free beer!
Your future workforce is living in a Social Revolution. They are no longer motivated by survival or by standard of living but by quality of life. Employees are looking for a more human work environment. One with purpose and meaning and built on opportunity, high trust and recognition.
People worked to survive
People worked for Pay & Status
People work for Purpose, Meaning and Progression
The key to attracting and retaining employees in the future of work is creating a high trust, psychologically safe working environment that treats each and every employee as a unique individual with complex wants and needs.
Claire McCartney, resourcing adviser at CIPD highlights that, “in the current context, money is insufficient to attract and retain talent. While competitive salaries are important, many employees are looking for more meaningful employment that is both personally and culturally rewarding.”
As supported by research from PwC and Deloitte, the best way to attract, retain and get the most from millennial and Gen Z employees is to:
Gone are the days of traditional 'fear-based' leadership. Team Leaders and managers of the future need to prioritise building a more human-centric team culture, one where purpose, psychological safety and opportunity for growth enables each and every employee to thrive.
This change starts with your Team Leaders and Managers, the role models in your team with an ability to influence the day to day environment that your employees work within.
The future of work requires leaders of the future and an approach to culture that is democratic, decentralised and puts the wants and needs of team members front and centre.
The time for that change is now, help your team be the difference and make team culture your competitive advantage in 2023.
The Culture Academy's Foundation Programme, The Fundamentals of Human-Centric Team Culture, is a 12-week, cohort based, interactive learning experience.
Your Team Leaders will join a community of like-minded professionals to explore, experiment and grow together into Human-Centric Culture Champions.
Learn why building a human-centric team culture from within is crucial for your organisation
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