The Great Resignation is far from over, and while many employers feel helpless to stop it, hiring managers better suited for this new workforce is something they can control.
In March alone, 4.5 million people quit their jobs, according to Jon Greenawalt, SVP of customer transformation at software company 15Five, who spoke at Tuesday’s From Day One conference in New York. And those high employee turnover rates have cost the U.S. economy $223 billion in employee capital.
But the disruption isn’t contained to America: only 20% of employees working worldwide feel engaged at work, according to 15Five, and the remaining 80% plan to leave their jobs if they don’t find the right support.
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"People are seeking better opportunities — they're going somewhere else where they're going to get a better opportunity, better pay, better chance to grow their career,” Greenawalt said. “They want autonomy and flexibility and they want to work for companies and leaders who actually care about them as a whole.”
And that responsibility will fall on managers, Greenawalt said, as these daily interactions and conversations can have an outsized impact on an evolving workplace.
“We need to define the new leader of the workplace of tomorrow,” he said. “People don’t quit their companies — they quit their managers.”
But what does it take to be a modern manager? Greenawalt provided a few key elements all managers need in order to successfully support this new workforce: