
Feb 13, 2024
Special Event Liability Insurance Best PracticesThe term “War for Talent” was coined as a book title more than 20 years ago. Today’s challenges represent a different world entirely. Employers are having problems hiring, but they are also bleeding seasoned employees in unprecedented numbers. Job seekers refuse to take an offer they would have accepted, as a matter of course, just a year or two ago.
More than half of workers worldwide now say they would quit their jobs if not provided schedule flexibility after the survey, according to the EY 2021 Work Reimagined Employee Survey.
Dispensing with the daily commute is just part of it. People have been reevaluating their lives over the past two years. Many aren’t willing to return to jobs they consider unfulfilling. They want more from their employers than a paycheck.
Salaries that are competitive remain at or near the top of employee wish lists, but now, flexibility to work remotely and having work hours other than the 8-5 or 9-5 routine rank right behind. Even more than a healthy compensation package and appealing benefits, however, people crave a corporate culture with which they can identify.
Corporate culture is the sum of an organization’s values, ethics, vision, behaviors, and work environment. Notice the word “behaviors,” as it is perhaps the most important aspect. It’s not what you say when you “talk the talk”; it’s what you do as you walk the walk.
Behavioral differentiation is a game-changer in the talent wars. You must actively pursue and practice a culture that shapes the behavior of all your human assets. It must be evident to everyone that the way in which your employees carry out their responsibilities is more important than what’s being sold or how much customers are paying for it.
Influential corporate culture is the backbone of your business operating soundly even in stressful times. It’s how employees are supervised and managed. Culture-driven workplaces reinforce employee abilities to be proactive, help one another succeed, excel at communication, continuously improve processes, and find ways to get things done. The attitudes and engagement of your workforce are what drive revenue and help you meet and exceed your KPIs.
Steering and maintaining a healthy and influential corporate culture requires strong leadership from the lowest supervisory level on up the chain. An employee’s relationship with the person who supervises them can significantly influence their job commitment. To be a strong leader – someone who inspires loyalty in team members – requires certain qualities.
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