Posted April 29, 2021 by Mark Perna
Episode Title: Don’t Go Viral For This
What don’t you want to go viral for? One company is finding out the hard way. Here’s how not to make their mistake, coming up next on the Syndicate.
Ep 189 show:
You’re now in The Perna Syndicate—welcome! Retaining skilled workers, with a talent war looming on the horizon, is once again a priority for businesses everywhere. Remote work makes it easier for competitors to poach, or lure, your best employees away. Stopping this before it happens is going to take some innovative planning.
A major investment bank has been in the news lately for learning this lesson the hard way. Overworked, younger-generation employees at this bank recently put out a slide deck that went viral. The deck is all about the excessive demands of their job, now exacerbated by remote work, that are pushing many of them to look for greener pastures somewhere else.
This company didn’t plan ahead for a moment like this. They failed to put their people first, and now, in a very public way, they’re losing them. These employees are ripe for poaching by the competition.
Pushing workers to their limits may produce short-term gains, but companies that do this will ultimately lose the talent war. Who wants to stay at a company that treats its people this way?
Today, employees need to be supported in the area of remote work and the work-life blend that it requires. You don’t want to go viral for doing the exact opposite. Planning ahead and being innovative about meeting your employees’ needs—before those needs go viral—can help you build a workplace where people actually want to stay.
Tomorrow, we’ll wrap up the week with a discussion about the power of making it personal at work. Don’t miss it! We’ll see you back here tomorrow at the Syndicate.