The global pandemic and increased time spent working from home, has given us all the opportunity to reflect on the importance of developing a positive work-life balance. For many, this reflection has affected the way they think about their career and even question the value of work in their lives. Dubbed the Great Resignation in the US, COVID-19 has seen millions of people from all levels of the workforce make the decision to leave their jobs. Experts believe that this trend will begin to affect Australian businesses as recently reported on the ABC, Buckle Up, The Great Resignation is heading Australia’s way.Even as more and more organisations return to the office, there is a hesitancy from many individuals to do so. This is leading to them seeking reduced responsibilities or exiting from the workforce altogether.

How can organisations retain top talent?

Communication is Key

The necessity of adapting to remote operations has shown employees that flexible working conditions are not only possible but sustainable over the long term. Accommodating for more remote operations comes with its own set of challenges for leaders of such teams. A development training program that focuses on leading virtual teams can address the specific challenges of communication, the use of technology and team well being that affect them can be a great asset. 

The success of virtual teams hinges upon their ability to communicate effectively over a variety of mediums where an instenaious reply is not guaranteed. This means that information and ideas must be presented with careful clarity in order to avoid misunderstandings. Establishing a communication plan that includes providing regular feedback on performance, is integral to ensuring that all team members understand their role and how they are contributing to achieving objectives. 

Embrace New Technology

The ability for remote teams to exist is thanks in large part to the advancement of technology over the past century. Where office spaces were, and often remain, necessary in order for employees to have access to computers and tools required to get work done, it would be difficult to find a home today that doesn’t have at least one working computer. The prevalence of modern technology has meant that businesses are no longer limited to hiring exclusively local talent. Similarly, high potential employees are able to seek opportunities with companies with interstate or international offices without having to relocate.

Virtual leadership development has seen a significant increase over the past two years. Many companies prefer to have their training programs delivered this way as it is less disruptive to daily operations. The accessibility of online training programs also makes it possible for a greater number of participants to be included. Companies who actively provide opportunities for remote employees to develop and progress in their careers are far more likely to retain those high performing individuals who will go on to drive the business forward. 

There has been a great culture change in attitudes towards the importance of mental health in recent years. This has certainly been particularly prevalent since the beginning of the pandemic. Today’s workforce places a higher value on job satisfaction over job security than has previously been seen. The onus is on employers to provide fulfilling and flexible workplace environments in order to entice employees and garner loyalty.

About the Author: The Leadership Sphere

The Leadership Sphere helps small and medium businesses and larger organisations in Australia, in creating value through leadership. The Leadership Sphere provides a humanistic approach to the way it delivers leadership, performance and coaching services. We work with leaders and senior teams who need to gain increased clarity, build capability and ensure contribution at every level in the organisation, and enable a safe, inclusive and high trust organisation.

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