Australian businesses, brace yourselves. According to all the data coming out of the USA (a trend very likely to be followed here in the first half of next year), almost half the workforce are gearing up for the sort of change we have never witnessed before… the ‘Great Resignation’ is coming!
Looking at the latest McKinsey Quarterly report “more than 15 million US workers have quit their jobs and counting, since April last year” and many are unlikely to return, as the pandemic brings about a new realisation of what is really important in their lives.
When this is combined with the fact that most employers don’t really understand why their people are planning to resign or leaving in the first place, it adds up to a talent shortage like we have never seen before.
The research tells us that employees are tired and many are grieving, most of them are seeking a renewed sense of purpose, and a need to feel valued by their employers. In other words, employers have to connect with the “hearts and minds” of their employees – not just treat them as expendable or transactional. Those that fail to do so, will find themselves on the wrong end of this great resignation in my view.
If companies don’t make a concerted effort to better understand why employees are leaving, and take meaningful action to retain them (and no, it’s not just about money), then I’m afraid they will be the big losers.
It doesn’t have to be this way though, and much will depend on the quality of management in most companies. Those who recognise the problem and do something about fixing it, have a unique opportunity to gain an edge in the race to attract, develop, and retain the talent they need in order to thrive.
I recently had the privilege of listening to a couple of extraordinary Australian Leadership Consultants: Michelle Rushton from People of Influence, and Anthony Sork of SORK HC, both of whom had interesting points of view, somewhat different but overlapping, and in my opinion, provided very sound advice on life and leadership post pandemic.
Michelle talked about how all of us have the opportunity to lift ourselves into a leadership role within our organisations, whether that is formally recognised or not, and how that adds enjoyment and interest to the job you do, as well as to the company.
Anthony focussed on how employers need to create an attachment to their staff – by building trust, value, acceptance, and a feeling of belonging – and how these perceptions are influenced by their direct managers.
We at Slade Group and TRANSEARCH Australia have invited both Michelle Rushton and Anthony Sork to speak to our own staff, and our clients, as part of our Breakfast Zoom series of HR webinars. If you are interested in attending, please call Fiona Lewis-Gray on 03 9235 5116 to register your interest.
Thursday, 28 October 2021
8.00am – 9.30am
Online via Zoom
Thursday, 25 November 2021
8.00am – 9.30am
Online via Zoom
Geoff Slade has worked at the forefront of the recruitment industry for over 50 years. He is the Executive Chairman of TRANSEARCH in Australia and was awarded a Centenary Medal by the Australian Government in 2000 for services to the recruitment industry. A Chartered Management Consultant, Geoff is a past President of the Recruitment & Consulting Services Association (RCSA) and was founding Chairman of the industry’s education body. As a tribute to his emphasis on staff training, many of the leading consultants in Australia have worked for and been trained by Geoff at various times in the last three decades. He is also a regular speaker at major industry conferences.