A recent study released found that 54% of workers are experiencing significant levels of stress that is undermining employee productivity and satisfaction. This finding is not a surprise to Corporate America.
A report released by Deloitte Human Capital Trends stated “78% of today’s business leaders rate employee engagement and retention as one of their top concerns.” What does all this mean? Attracting and keeping top talent is becoming more difficult than ever before. Especially when you consider the national unemployment rate sits around 5%.
What’s the solution for Corporate America?
Initially the focus must be on creating a healthy corporate culture. One that empowers employees, especially millennials, to be a part of an organization that invests in the development of its workforce. Not just developing your employees’ work skills, but also invest in creating a healthy work-life balance for them. If an employee feels like they are important and cared for, then that employee’s commitment and loyalty for the corporation grows significantly. When you care, they care!
Acknowledging the stress an employee is experiencing is often enough for them to feel confident that you understand and have their back.
Generally speaking, employees want to succeed at their job. They want to be a part of an organization that is growing and goal oriented. They just need a healthy work environment that nurtures and helps develop their full human potential.
Creating a healthy work culture is not hard, but it is essential if you want to increase your profitability and retention. To become dominate in your industry, you must first get your culture right. Profits follow culture!