Stress and burnout are on the rise in the United States, but jobs are plentiful and Americans are ready to move to new places of work.
Why is this important: CEOs who can build corporate culture and mayors who can sell their cities have an unprecedented opportunity to attract top talent.
By the numbers: Three statistics of a new Gallup report on the workplace tell this story.
- 71% of Americans think now is the perfect time to look for a new job.
- 58% are stressed in their current job Daily.
- 20% are likely to move to a new city next year.
The big picture: There is a chance for disgruntled workers to find better jobs, for small non-coastal towns to attract new residents, and for businesses to poach talented employees.
- The willingness to move (27%) is even higher among workers under 40.
Between the lines: The companies that win the big resignation and attract top talent are the ones that embrace the right corporate culture, says Jim Harter, chief workplace scientist at Gallup.
- As noted, corporate culture is quickly becoming as important to workers as compensation and promotions.
- Elements of a strong company culture include managers who act as coaches and invest in workers’ careers, and leaders who constantly explain Why they make the decisions they make, he says.
- “Build a culture where people’s lives are overall better when they come to work,” Harter said. Then market it.
And cities can also intervene.
- A number of small towns – including Tulsa; Greensburg, Indiana; and cities in Vermont – are trying to sell themselves to newcomers, making similar arguments about worker welfare.
- They promote their green spaces, safe communities and affordability.
The bottom line: The silver lining of rising workplace stress and worry is that millions of workers are up for grabs – and many businesses and small towns are poised to win this fight for talent.