Organizations need to wake-up. Employees are looking for more than just a paycheck. Job security is a thing of the past. The ‘war for talent’ is an oft-used expression, for good reasons. Nothing is, as it was before. It doesn’t make sense to pretend otherwise.
My father, if he were still alive, would be 106 years old now. He passed away at the age of 82. He was secure that the company he worked for, and was extremely loyal to, for 30 years up to his retirement and afterwards, would be there for him, year after year. And it was. My mother continued to receive a portion of his pension until her death at the age of 99, another 20 years later. Molson’s Brewery, started in 1786 in Montreal, Canada, is still there today. An M&A in 2005 with the US based Coors company, and the Molson Coors Brewing Company was formed. Beer is a staple. A good tasting beer, will stay its course (under the right direction, of course).
Even if Dad didn’t agree with decisions made, he would never have spoken out against the company that employed him. He lived in a different era, had 5 children and his wife to support. He was grateful for what his company offered him. As children, we learned this gratefulness also.
Young people today don’t have, and many don’t want, the kind of job security my father desired. They also don’t ‘buy’ into the work ethics of those who have been around for 20+ years, toeing the company line. Working against your personal values, causes stress. If an ‘anything goes’ attitude thrives in a corporate culture in order to achieve results, then they begin to doubt what role they want to ‘play’ in that business. Since there are currently a plethora of jobs, they can choose the kind of company they want to be employed by. In his Forbes article, The Power of Putting People First, Rasmus Hougaard states “shareholder wealth has steadily become more important than employee health”. If you don’t want to lose valuable talent, either to sick-leave or to the competitor, then you need to change some things.
It starts with a culture of care. Putting people first, not profits. That’s not saying profits aren’t important. Only a fool would say that. What it does say, is that by putting people first, the profits are going to come.
Organizations can take a page out out of the mission of Marriott International’s, a Fortune 200 business: “If we take care of our people, they will take care of our customers, and the customers will come back.” Or another page from Bob Chapman, CEO of Barry-Wehmiller Companies Inc, who states: “Our company exists for its employees”.
There are many aspects to consider when taking care of your people: values which live in the halls and not on the walls; a growth mindset at all levels; finding meaning and purpose; great communication skills; developing resiliency in stressful situations; and creating healthy life-style habits; just to name a few.
Together with the partners I collaborate with, we provide the best solutions for organizations to ensure employees are engaged and thriving!