The great attrition stems from a great disconnect
There’s a clear disconnect between why employers think their employees are leaving and the actual reasons behind employee exits. Our survey results found that employees were far more likely to prioritise relational factors, including feeling valued by their manager and organization, and having a sense of belonging. In contrast, employers were more likely to focus on transactional factors, such as inadequate compensation and work–life balance. Click through the interactive to learn more about what is important to employees versus what employers think matters.
To read the article, see “‘Great Attrition’ or ‘Great Attraction’? The choice is yours,” September 8, 2021.
These women experience the highest levels of workplace microaggressions
Microaggressions—such having one’s judgment questioned—are more commonly experienced by women of color, women with disabilities, and LGBTQ+ women than men and women overall in professional settings. Forty percent of women with disabilities, for example, were interrupted or spoken over at work, compared with almost 15 percent of men overall, based on results of the latest Women in the Workplace study by McKinsey and LeanIn.Org.
To read the article, see “Women in the Workplace 2021,” September 27, 2021.
Chunks of change
Getting groups of employees on board in company transformations is a key to success—not only for the business itself. A new look at data from 60 companies that underwent transformations reveals that more workers involved in the process leads to higher excess total returns to shareholders.
To read the article, see “How many people are really needed in a transformation?,” September 23, 2021.
Space now a trashy place
As large as space stations or as small as a fleck of paint, about 27000 pieces of space debris are floating through orbit. A collision between space debris and other matter can be catastrophic given the speed at which orbital objects travel.
To read the article, see “Look out below: What will happen to the space debris in orbit?,” October 1, 2021.
Sounding ‘ponds, rivers, and rapids’ in corporate strategy
More isn’t always better. Companies that move between 10 and 30 percent of their business mix—considered “rivers” in a recent McKinsey analysis—outperformed stagnant players (ponds) with refresh rates below 10 percent and high rates (rapids) over 30 percent. The river players saw average excess total returns to shareholders of 5.2 percent, far surpassing the ponds (1.2 percent) and rapids (–1.4 percent).
To read the article, see “Agile business portfolio management,” October 1, 2021.