The pandemic lockdowns have made people reevaluate their priorities. One of the most evident lifestyle changes is how many have started prioritizing their overall well-being by investing more in their physical and mental health. These “investments” weren’t all about allocating a greater chunk of their budget to what could physically and mentally make them feel better. It also entailed making tough decisions, including leaving “comfort zones” and their jobs’ safety nets.
Workforce trends in the past 2 years
In 2021, “The Great Resignation” shocked the world. Statistics show that more than 38 million quit their jobs. The primary reasons for the majority are toxic company culture (62%), poor management (56%), and lack of proper work-life boundaries (49%).
The term “quiet quitting” was recently made popular in 2022 by various online influencers and articles on multiple reliable platforms. LinkedIn, the “world’s largest professional network on the internet,” defines quiet quitting as “rejecting the notion that work has to take over one’s life and that employees should go above and beyond what their job descriptions entail.”
In HubSpot’s 2022 State of Consumer Trends report, more than half of its respondents have shared that they want to feel that they are having “a positive impact on their jobs” and that the companies they work for are also intentionally building a positive culture, with a focus on diversity, equity, and inclusion, as well healthy work habits. If these criteria are not met, the vast majority of people are ready to leave for a company that does.
How talent leaders are keeping up with the desire to have happier, healthier workplaces
Employee experience (EX) refers to an employee’s lived experiences, perceptions and feelings about the overall work environment over their entire employee lifecycle.
Employee feedback has indicated EX is a critical focus area across industries, and business leaders are prioritizing efforts. A 2021 Willis Towers Watsons global survey shows that a whopping 92% of employers say EX will be vital to their organization’s growth in the next few years.
The rise in demand is not only triggered by employee feedback but also the highly desired business outcomes like employee engagement, connection, productivity, team performance, employee retention, stronger financial returns and employer brand. EX requires continuous measurement and effective management. If HR teams and business leaders truly want to make a difference in their workplaces, investing in a holistic and impactful EX platform is the way to go.
What should businesses look for in EX platforms?
With recent studies pointing toward the need for a new modern management approach, it is evident a holistic human-centered one is vital for a great EX program and high-performance culture. The best EX platforms assess a company’s workforce across every lifecycle stage from the candidate experience through to exit, measuring several contributing factors, delivering robust analytics, actionable insights, and offering multiple impactful products for employee and team success.
Fortay, Lattice, and Culture Amp are some of the most well-known brands in EX management software. These platforms are bridging the gap between people and science to create positive work environments that lead to improved business results and a raving employee experience. One of the biggest missed opportunities is supporting leaders and managers to better manage their diverse teams.
Fortay emerges with an innovative approach
Fortay, as an EX platform, can partner with companies in many ways – to build diverse, aligned teams and measure their DEIB progress and EX metrics. Perhaps most importantly, to facilitate the development of inclusive leaders and managers to drive individual, team, and organizational success.
Their people-first approach centers around unlocking every person’s potential and driving peak performance leading to team success. Interestingly, this is the only woman-owned and led EX platform that we’ve come across – perhaps the reason for their innovative approach.
The Fortay team shares, “Our People Experience™ helps business leaders and managers build an inclusive workplace where your people feel they belong and thrive.” Clearly a platform designed with employee satisfaction in mind.
To provide top-quality support encompassing the entirety of various teams, Fortay’s platform offers demographic segmentation across all employee data, a crucial function for diverse workforces to understand if any employee groups are having different experiences from the dominant groups. In addition, Fortay has real-time reporting and advanced analytics, providing valuable employee insights for high-impact results.
The new tech in the industry is ready to face established ones like Lattice and Culture Amp. Its intriguing approach that prioritizes DEIB (diversity, equity, inclusion, and belonging) to achieve peak performance makes it one of the most anticipated emerging technologies in this space. Fortay offers more solutions to cover the full lifecycle at a more favorable price than the goliaths, making it an ideal choice for small and mid-sized companies and those looking to enhance their employee experience despite economic conditions.
2023 and beyond
As John Maxwell said, “The single biggest way to impact an organization is to focus on leadership development. There is almost no limit to the potential of an organization that recruits good people, raises them up as leaders and continually develops them.”
Ultimately, businesses should select the EX platform that best serves the organization’s strategic goals, objectives and will most likely result in employee success.
With Fortay’s modern human-centered approach to culture health, employee experience, and leadership development, the future workforce will undoubtedly be a healthier and inclusive one across all industries.
