Future of Work / The Economy
What it takes to be considered a great employer
Some quotes from Fortune’s CEO Daily, on April 26, 2022, about what it takes to be considered a great employer during the Great Resignation:
“The best bet is that just as workers won’t go all the way back to the office and shoppers won’t go all the way back to physical stores, CEOs won’t go all the way back to pre-pandemic leadership.” Geoff Colvin, Senior Editor at Large, Fortune Magazine.
“Employees don’t want to be employees; they don’t want to work for managers and they don’t want to work for executives. They want to be human beings who work for other human beings." Chuck Robbins, CEO, Cisco.
“People need to know why they work for your company and if they don’t, they’re not going to work for you very long.” Chris Nassetta, CEO, Hilton.
“In the future, successful companies will do three things with respect to talent. They will be able to access talent. They will be talent creators, not just consumers, unlocking the potential of talent. And they will use technology to complement talent and make employees net better off… Those three things are what great companies have to do in the next decade to be a great place to work." Julie Sweet, CEO, Accenture.
“We have to double down on training and officer development and making sure there’s a clear career path for individuals as they go forward.” Brian Cornell, CEO, Target.
Employees want to return to their old jobs
“For many pandemic-era job leavers, their leap did not result in a better experience. More than 2 out of 5 employees worldwide feel they were better off at their old job, finding many of the same issues at their new company with none of the familiar faces and routines. In fact, 1 in 5 have already boomeranged back to their prior company, with millions more open to the possibility of return.” UKG Survey, April 2022.