CSR and the Coming Talent Wars
Why do talented employees leave companies, often despite good salaries??
I keep hearing this question uttered by talent agents to news casters. They are saying this because, despite the ugly job market, people are jumping ship.
Beyond the typical reasons of bad management, poor working environment, and lack of stimulus – I would say that the top talent are fundamentally looking for something else.
They leave because of a lack of one, or more, or all of the above.
The X-Gens were chastised for wanting to have jobs that have meaning and purpose. The Millennials believe in community and doing good. Neither generation respond particularly well to money as incentive, beyond what is fair for the role they are playing.
This is one reason Corporate Social Responsibility (CSR), Sustainability, and Corporate Citizenship are gaining traction. This is a movement being led for the most part from within. Patricia Aburdene, author of Megatrends 2010 talked about the rise of conscious capitalism and these trends devaluing money as the motivation for employees.
Companies that become aware of the impact that their business is having on the world (social, environmentally, culturally) and engage their workforce in finding solutions are inspiring their employees, giving their work purpose and meaning. People start to ask “Why are we building these widgets in the first place?”
When people can connect their own personal values and vision with the work/task/job they are doing it creates meaning and purpose. Money rarely can provide that.
Just look at Maslow’s Hierarchy of Needs. We forget that for all intents and purposes, despite the recession, most of us have our basic and medium level needs met by work and life. It’s our higher needs of purpose and meaning that are unfulfilled. Ironically, the recession has exacerbated this because as people have simplified and downsized their lives, their awareness of what their needs really are get magnified along with what is important to them. This then translates to “Why am I doing this work?” and “How does it provide value and meaning and purpose to my life – beyond financial.”
Top talent migrates toward value, meaning, and purposeful work.
This means a radical shift in talent retention and acquisition in the coming years as X-Gens and Millennials dominate the workforce.
Does your company embrace Corporate Social Responsibility and Sustainability on a employee by employee basis?
Note: Walmart is. It starts with their PSP – Personal Sustainability Projects.
Note: The REAL Green Jobs Movement will be the result of fundamental changes in everyday business to be more conscious and engaged in their social, economic, environmental, and cultural impact.
Opportunity Sustainability℠ is a Midwest-based sustainability and corporate responsibility consulting firm specializing in green innovation and seeing opportunities where others see burdens. Matthew Rochte LEED AP, an experienced, operations-based sustainability consultant, works with company management to navigate and realize the opportunities in taking their company green and growing sustainably.