WARNING - 46% LESS CONNECTED…. RETENTION METRICS TURNING RED
HEED THE WARNING SIGNALS
The studies have been consistent that engagement is tightly related to the sense of belonging and feeling connected. And, leaders know that the more engaged the team is, the better the performance as measured by employee retention, customer experience and revenue growth. Yet, all signs are pointing to the decrease in the sense of feeling connected. The work adjustments created by the pandemic have added to feelings of isolation for existing employees. Onboarding of new employees has been further strained and will continue to be as companies evolve their workplace approach.
Organizations should take note of the early warning signs highlighted in the latest Achievers Workforce Institute survey and take action.
Nearly half of employees (46%) feel less connected to their company or colleagues since the start of the pandemic
52% of employees said they intended to look for a new job
42% say company culture has diminished since the onset of the pandemic, with most employees placing the blame on a lack of communication.
LEADERS STRUGGLING
In addition to managing the business, leaders must lean in and be more intentional about cultivating deeper connections and inclusive interactions. As the hybrid work environment continues to evolve, cross-functional projects become more common and VUCA remains, leaders must prioritize their energy spend on utilizing their social and emotional skills. At any moment, leaders must have the agility to listen, take input, take action, challenge, collaborate and cut each other slack when needed. Leaders must teach their teams to do the same.
In a recent DDI report – only 1 in 5 leaders felt effective in leading virtual teams. Plus, organizations should not overlook that leaders are included in the troubling stats above. Leaders need support to strengthen their communication and inclusion skills to heed the warnings and prevent future turnover.
TAKE ACTION NOW
There are many approaches and actions an organization can take to support their leaders and teams and to increase the overall sense of connection and belonging. One practical, quick-to-implement and high-value approach to deepen connections that MBM ELEVATE has provided is one potential solution for companies that want to take action now.
This MBM ELEVATE approach will provide concepts, development, practice and a mobile accessible tool to:
Increase connectedness by understanding and respecting each other
Increase inclusiveness by creating understanding of what each person needs to feel heard and included
Create interaction and conversation and on-going learning via the Wiley Catalyst platform
Customize and apply exercises to your specific business needs
Integrate live work situations for real-time application
And is delivered face-to-face or virtually
As part of the engagement, your team will get ongoing access for no extra cost to the WIley Catalyst platform which will provide continuous development support for all participants. Click here to view a brief video about the Wiley DiSC Catalyst learning platform.
DEEPEN THE CONNECTION & INCREASE RETENTION
When you are ready to increase and deepen the connectedness of your team members and invest in developing your leaders’ EI skills, let’s explore how you can quickly get started and build a lasting learning experience for you and your teams. Please contact us at MBM ELEVATE.
Mary Beth Molloy
Certified Executive Coach and Business Consultant, she delivers uncanny focus on the intersection of your business vision and goals and the leaders you’ve entrusted to achieve them.
She knows what it takes to accelerate and elevate business results through leadership development and performance. It’s her powerful blend of these experiences together with her practicality, purpose, and positivity that drive our value.
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