What makes work fulfilling? It\u2019s often assumed that good salaries are what keep employees from leaving their jobs, but a large body of evidence suggests…<\/p>\n","protected":false},"author":164,"featured_media":162179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"pages\/cornerstone.php","format":"standard","meta":{"_acf_changed":false,"_yoast_wpseo_title":"","_yoast_wpseo_metadesc":"","monday_item_id":11239367700,"monday_board_id":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[13988],"tags":[],"class_list":["post-162171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-monday-insights"],"acf":{"sections":[{"acf_fc_layout":"content_1","blocks":[{"main_heading":"Workplace trends","content_block":[{"acf_fc_layout":"text","content":"
There was quiet quitting, then quiet firing, and now companies are navigating “quiet vacationing,\u201d which involves employees taking time off without officially using their vacation days. The trend is particularly prevalent among white-collar professionals with less micromanaging bosses and requires a few strategically timed calls and emails to maintain the illusion of productivity. According to a recent Harris Poll, 28% of employed adults have recently engaged in the practice. Despite the fact that companies are increasingly encouraging employees to bring their authentic selves to work and to be open about their needs, this trend shows that many individuals are still choosing to keep their strategies for navigating the daily grind to themselves.<\/p>\n
With young Canadians struggling to find their place in the job market as entry-level positions become increasingly scarce, foreign worker programs are expanding rapidly, highlighting a disconnect in Canada\u2019s labor landscape. The country has brought in hundreds of thousands of temporary foreign workers, with program approvals surging by 211% between 2019 and 2023. During this same period, youth unemployment has increased from 9% in 2022 to 14.2% today. Although the government has promised stricter enforcement against businesses misusing the temporary foreign worker system, companies can still hire foreign workers in areas with high unemployment. As a result, many Canadians are concerned that this situation not only makes it harder for youth to find jobs but also suppresses wages for entry-level positions.<\/p>\n"}]},{"main_heading":"The AI corner","content_block":[{"acf_fc_layout":"text","content":"
AI is set to transform India’s $250 billion outsourcing industry, with major outsourcing companies planning widespread integration of this advanced technology. This shift is expected to swiftly replace low-end functions like call centers and other basic tasks, which could substantially impact an industry employing 5.4 million people and contributing about 8% to India’s economy, according to Nasscom. In fact, consultants warn that without rapid adoption of AI and automation, U.S. companies might abandon Indian outsourcing firms entirely. Despite the challenges posed by this transition, some industry executives remain optimistic as they anticipate new business opportunities arising from AI capabilities, including assistance for code generation, development support, and customized language models.<\/p>\n
There\u2019s a new deal between AI startups and big tech companies that\u2019s enabling them to bypass typical regulatory scrutiny. The trick? Companies like Google, Amazon, and Microsoft are paying substantial licensing fees, sometimes up to $2 billion, for AI technologies. Recent examples include Amazon’s $330 million deal with Adept AI and Microsoft’s $650 million agreement with Inflection, both involving technology licensing and mass hiring of employees. Investors predict more of these pseudo-acquisitions in the coming months as AI startups realize they lack the resources to scale their operations. While this trend provides a lifeline for struggling companies, experts warn that it’s reinforcing the tech giant’s dominance in the AI era, potentially stifling competition and innovation in the long run.<\/p>\n"}]},{"main_heading":"Bringing a sense of meaning to work","content_block":[{"acf_fc_layout":"text","content":"
What makes work fulfilling?<\/p>\n
It\u2019s often assumed that good salaries are what keep employees from leaving their jobs, but a large body of evidence suggests that wages play a much smaller role in retention than we might think.<\/p>\n
In fact, research by MIT Sloan Review found that compensation actually ranked 16th in the list of factors predicting employee turnover \u2013 below culture, innovation, recognition, and several others. According to McKinsey research, for surveyed Americans, meaningful work is considered the most important aspect of a job.<\/p>\n
70% of employees say their personal sense of purpose is defined by their work, per McKinsey, and when work feels meaningful, they perform better, are much more committed, and are about half as likely to look for a new job. Unfortunately, despite its clear value and importance, only half of employees find meaning in their work today.<\/p>\n
So, how can you, as a manager, help make work feel meaningful for your employees?<\/strong><\/p>\n While we often think of meaningful work as professions that directly better the lives of others, in reality, meaning comes in many other forms. For some employees, work can feel meaningful when it lets them utilize their unique skill sets and flex their creative muscles or when it feels like their presence matters \u2013 both to business goals and to their teammates. For others, that sense of meaning comes from real opportunities to grow and develop their expertise, feeling like their input is taken seriously and that their voices are heard, or from receiving authentic recognition for their impact and contributions.<\/p>\n And sometimes, what makes jobs feel meaningful is the life they let employees live outside of work. For example, the solid paycheck or the flexibility they receive allows them to enjoy the things in life that make them happy \u2013 from traveling and exercising to spending time with family. So, take some time to consider the different ways that you, as a leader, can make work feel meaningful in order to identify all of the opportunities to increase your team members\u2019 sense of fulfillment in their roles.<\/p>\n Relationships are the most important determinant of meaningfulness at work, according to a working paper by Brookings, and when employees feel they belong, they are 3.5x more likely to contribute to their full potential, per Harvard Business Review research. The good news is that as the leader, you have the power to build a team environment in which people feel excited about creating meaningful relationships with one another. So, go out of your way to help facilitate connections. Try to leave a few minutes at the beginning of meetings for friendly chit-chat or funny ice breakers, organize a recurring team lunch or group coffee time, schedule intentional meetings to celebrate achievements altogether, or consider other intentional outlets that can empower your team members to build a sense of connectedness and familiarity with one another.<\/p>\n Work can feel meaningful when your team members believe they are continuing to learn, develop, and advance. And while some employees are definitely seeking career promotions, a study in the MIT Sloan Review found that many aren\u2019t actually focused on getting more power or additional responsibilities. Rather, they\u2019re looking for ways to feel challenged and develop new skills. So, take the time to understand what excites each of your team members, find out how they want to grow in their careers, and then seek out exciting opportunities to take them out of their comfort zones and master their desired skills.<\/p>\n Try to help your team members find meaning in the work they do by showing them the value of their day-to-day work. Acknowledge the ways in which their contributions both support company goals and impact customers. At least once a quarter, it can be nice to allot some time in team-wide meetings to walk through the company\u2019s big-picture business priorities and define how your employees\u2019 work contributes. When possible, share real numbers, metrics, and testimonials to help them understand how their work is making a difference and make the work they do feel more fulfilling.<\/p>\n When employees feel heard, it can profoundly impact their productivity, engagement, and turnover, with highly engaged employees more than 3x as likely to say they feel heard at their workplace, and 74% of employees reporting they are more effective at their job when they feel heard, per recent research by the Workforce Institute. So, do your best to help your team members feel like their ideas and input matter. Regularly ask for employee feedback\u00a0\u2013 and make real changes when possible, give them the chance to weigh in on brainstorms, and make sure to give credit when an idea comes from a specific team member.<\/p>\n A key way to make your team members\u2019 work feel meaningful? Giving them personal and timely recognition. Reach out when they achieve something great and find opportunities for them to showcase their impact in larger forums. Whether that means offering them the chance to present their achievements to the rest of the team and inviting other leaders to sit in, or shouting them out in a group chat for visibility, give them the sense that their impact is acknowledged and celebrated. And of course, when the time comes, be sure to give relevant promotions to convey that consistently meaningful and valuable work is both recognized and rewarded.<\/p>\n"}]},{"main_heading":"Water cooler chatter","content_block":[{"acf_fc_layout":"text","content":" U.S. federal health guidelines have been published to address pain during IUD placement.<\/strong> These recommendations follow a nationwide outcry on social media, where women have shared experiences of doctors dismissing their distress during the procedure. The guidelines urge clinicians to counsel patients about potential discomfort and offer various pain management strategies.<\/p>\n"},{"acf_fc_layout":"quote","quote_text":"I think it\u2019s excellent guidance\u2026 helping ensure we listen to our patients\u2019 needs and preferences for outpatient procedures that may be painful.","quote_author":"Eve Espey, Chair of ACOG's Contraceptive Equity Work Group","quote_author_avatar":false,"quote_author_position":""},{"acf_fc_layout":"text","content":" Teen girls are feeling less depressed.<\/strong> Reports of sadness or hopelessness among this demographic have declined since 2021, from 57% to 53%, according to the Centers for Disease Control and Prevention\u2019s. Despite the improvement, however, female students continue to struggle significantly more than their male peers, the research found.<\/p>\n"},{"acf_fc_layout":"quote","quote_text":"These data show that we\u2019ve made some progress in tackling these issues in recent years, which proves that they are not insurmountable.","quote_author":"Kathleen Ethier, Director of the CDC\u2019s Division of Adolescent and School Health","quote_author_avatar":false,"quote_author_position":""}]},{"main_heading":"Question of the week","content_block":[{"acf_fc_layout":"text","content":" Last week\u2019s answer:<\/strong> Ford Motor Company<\/p>\n This week\u2019s question:<\/strong> What percent of employees say that politics should have no place in the workplace?<\/p>\n"}]},{"main_heading":"Just for laughs","content_block":[{"acf_fc_layout":"image","image_type":"normal","image":162173,"image_link":null}]}]}],"lobby_image":false,"post_thumbnail_title":"","hide_post_info":false,"hide_bottom_cta":false,"hide_from_blog":false,"landing_page_layout":false,"hide_time_to_read":false,"sidebar_color_banner":"","custom_tags":false,"disclaimer":"","cornerstone_hero_cta_override":{"label":"","url":""},"cluster":"","display_dates":"published","post_date":"20240820","faqs":false,"activate_cta_banner":true,"cta_banner_text":" Don\u2019t miss <\/strong> more quality content!<\/p>\n","use_customized_cta":false,"custom_schema_code":""},"yoast_head":"\nConsider multiple avenues<\/h3>\n
Empower cross-team connections<\/h3>\n
Identify opportunities for skills development<\/h3>\n
Convey tangible impact<\/h3>\n
Ask for input<\/h3>\n
Provide authentic recognition<\/h3>\n