Work-life balance, that was widely thought of during the pandemic, has also highlighted our examination of values, careers and personal goals. What’s surfaced as the common reason for leaving is happiness or meaning.
That being said, optimize your business for happiness. The theory is that assuming you’ve hired the right talent, they will thrive if they are happy in their roles. Oxford University’s Saïd Business School found that happy employees are 13% more productive.
According to recent McKinsey research, nearly two-thirds of US-based employees said that COVID-19 has caused them to reflect on their purpose in life. And nearly half said that they are reconsidering the kind of work they do because of the pandemic.
It’s not that you have to fulfill the sense of purpose for every employee, rather make them understand their role in the bigger picture. On that note, reports about companies dedicating entire departments to societal problems are appearing, and they are giving rise to the “chief purpose officer”.
Make it a part of your business to talk about how and why the contribution of each person matters.