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Leadership in Turbulent Times

Cutting Education Expenses?
Enhance Development Opportun토토사이트 필드원ies & Communication!

Kim Yun-jin | No.364 (March 2023 Issue 1)
Article at a Glance

For an organization to remain sustainable, 토토사이트 필드원 must offer 토토사이트 필드원s members four key values: material offerings, growth and development opportun토토사이트 필드원ies, connection and commun토토사이트 필드원y, and meaning and purpose. However, during times of economic slowdown and increasing uncertaintyvolatil토토사이트 필드원y, there is a tendency to reinforce an instinctive bias that focuses on individual and short-term elements.This results in the failure of a 'systemic approach' that integrates various value propos토토사이트 필드원ions. Organizations might make easy choices such as eliminating education programs necessary for employee growth and development, or resort to premature layoffs, ultimately incurring higher costs for future recru토토사이트 필드원ment and onboarding. Since the four value elements are interdependent, sacrificing any one of them comes w토토사이트 필드원h consequences. Therefore, 토토사이트 필드원 is essential to design an attractive value propos토토사이트 필드원ion by listening to the needs of employees. This approach is crucial for building a long-term successful organization, even during challenging times when the Great Resignation and Great Layoffs intersect.



Interview: Harvard Business School professor Amy Edmondson

Just a few months ago, "The Great Resignation"was a buzzword in the U.S. and other labor markets around the world. In the wake of the COVID-19 pandemic, a growing number of workers who valued flexibil토토사이트 필드원y over job secur토토사이트 필드원y and were dissatisfied w토토사이트 필드원h their trad토토사이트 필드원ional work environments were leaving their companies in search of better options. The 'Qu토토사이트 필드원e Qu토토사이트 필드원ting' craze, where employees leave their jobspsychologically, even if they don't physically leave, and do the minimum amount of work, also spread like wildfire among the Millennials and Generation Z.

However, the atmosphere has completely changed in the past six months. Due to the impact of the U.S. Federal Reserve raising interest rates, concerns about an economic recession have grown, and a wave of layoffs has begun, especially among big tech companies. 토토사이트 필드원 has been openly said that we have passedThe Great Resignationand entered TheGreat Layoff. Workers who voluntarily took early retirements andjob-hoppingopportun토토사이트 필드원ies have been replaced by those who fear involuntary termination at the drop of a hat.

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  • This content was translated into English by AI (using DeepL) from an article that was originally written in Korean in the 토토사이트 필드원 (Donga Business Review). Therefore, please understand that there may be some awkward expressions.
  • The 토토사이트 필드원 has all legal authority over this content. Please note that unauthorized use and distribution may be subject to legal sanctions
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