How can mindfulness training help companies combat the Great Resignation?
According to Lattice's latest research, nearly 75% of US employees are either actively looking or are open to new opportunities in the next 6-12 months. Younger people value belonging more than compensation. Companies are desperately trying to find solutions to hire and keep their best talent. One investment that can improve all parts of talent management is incorporating mindfulness practices and principles into them.
Mindfulness is being present nonjudgmentally, with an open and inquiring mind. People who practice mindfulness will cultivate qualities like being more focused, creative, resilient, and empathetic, among other things. These advantages are so crucial to being productive and fulfilled at work.
Here's how mindfulness can incorporate into talent management:
Hiring: Hiring is a process to build long-term relationships with your candidates. Employees are looking for belonging and fulfillment at work. Training your recruiters to connect with candidates on a deeper level will be your advantage. Mindfulness training will help the recruiting team show more empathy with candidates.
Development & Learning: In today's fast-changing world, a strong sense of curiosity and the ability and willingness to learn and change is the most critical requirements for success. Mindfulness can help you create a growth mindset. Mindfulness improves perceptual ability and cognitive flexibility, and the personality trait of openness to new experiences.
Performance Management: Giving and receiving feedback is hard. Both managers and managers benefit from mindfulness practice because it improves emotional self-regulation. It also makes people more receptive to feedback.
Collaboration & Belonging: While diverse workgroups are more effective, they are also prone to more conflict. Mindfulness can help these groups thrive by enhancing emotional intelligence, reducing implicit bias, and increasing the psychological safety of the workplace.
Leadership Development: To be successful leaders today, leaders need to inspire and empower their people while fostering psychological safety. Mindfulness increases self-awareness dramatically. And, It also helps them cultivate qualities like empathy and trust in the midst of uncertainty.
Retention: In this recent MIT Sloan Management Review study, "Toxic Culture Is Driving the Great Resignation," A toxic company culture is the most potent predictor of industry-adjusted attrition, accounting for 10 times more than remuneration in predicting turnover. Toxic environments make workplace stress more invasive. Mindfulness helps people to show more empathy towards each other.
Mindfulness is a practice. Offering one-time training isn't enough to incorporate mindfulness into your talent management approach. It needs to be a strategic process to develop a benchmark, vocabulary, and rituals that resonate with your culture and then adapt them to new environments (for example, remote-first) and outcomes.
You will elevate every part of your talent management process and help your people thrive, regardless of their roles, by integrating the right mindfulness resources and practices in the right places and reinforcing each other through rituals and communication.