In September 2023, CNBC reported that global employee disengagement now costs the global economy a whopping $8.8 Trillion dollars in annual losses.
A Four-Generation Organizational Transformation is underway. But, the challenges are immense. For example, because of systemic, legacy, and antiquated Human Capital policies, processes, programs, and the hyper-implementation of technologies, the vast majority of working-class people all across the globe are on a bell curve from not prepared to not engaged.
If serious reimagination and changes are not implemented into organizational transformation this decade, Gen X to Gen Z disengagement is assured for yet another decade, companies will not solve the critical Employee Experience (EX) they covet and CFO balance sheets will move into “next level” galaxy costs.
Get Under the Hood of the Data
Creating Positive Change Means Solving Toxic Systemic Issues
Unfair Practices
To keep employees in place, wage suppression tactics have become common among many companies, including major corporations for a long time. Tactics has been masked as company non-competesand corporate talent acquisition write job descriptions in language to dissuade groups of people from applying.
Wage Inequality
Every year the U.S. government tells us about the annual wage increase (a 2.9% rate in 2018) but if inflation comes in at 1.9% (as was the case in 2018) what are you left with? This is before paying taxes! .While everything else goes up in cost, salaries have not. As a result, the middle class barely exists
PRIME AGEISM
It’s called Prime Ageism and it can affect anyone and everyone, which is why I believe that it is the worst and most prevalent type of discrimination. Ageism doesn’t care about your gender, your ethnicity, or your physical appearance. It is bred out of sheer bias toward having gained experience and lived to middle age.
And, this group of leaders will be the most challenged. After decades of not having a seat at the table, People Strategy will be front and center this decade.
INCLUSION * REVERSING INEQUALITY & INEQUITY IS THE NAME OF THE GAME * INCLUSION
INCLUSION * EMPLOYEE EXPERIENCE & RETENTION IS TOP TALENT FOCUS * INCLUSION
- This decade will be about Multi-Gen workforces – 4 generations of internal, vendor and client facing hyper-paced business professionals bringing innovation and creativity from every angle
- Emerging Leadership styles rooted in intrinsic motivation and horizontal global collaboration.
- Expert advisory and team collaboration demands multi-discipline depth and multi-departmental breadth
- This decade will be about Multi-Gen workforces – 4 generations of internal, vendor and client facing hyper-paced business professionals bringing innovation and creativity from every angle
- Emerging Leadership styles rooted in intrinsic motivation and horizontal global collaboration
- Expert advisory and team collaboration demands multi-discipline depth and multi-departmental breadth
INCLUSION * REVERSING INEQUALITY & INEQUITY IS THE NAME OF THE GAME * INCLUSION
INCLUSION * EMPLOYEE EXPERIENCE * TALENT RETENTION * BEHAVIORAL SCIENCES * MULTI GEN BELONGING *