| | MARCH - 2023MANAGEHRMAGAZINE.COM8THE POWER OF EMPLOYEESHIP AND ITS IMPACT ON COMPANY´S RESULTSThe war for talent is something that many companies around the globe have faced over more than two decades. This phenomena coined by Steven Hankin of McKinsey and Company in 1997 is still ongoing, more challenging than ever. It simply refers to an increasingly competitive landscape for recruiting and retaining talented employees. The Great Resignation in addition is an ongoing economic trend in which employees have voluntarily resigned from their jobs in early 2021 in the wake of the COVID-19 pandemic. Among the most cited reasons for resigning include wage stagnation is the long-lasting job dissatisfaction. Here we could also add depopulation in some Western countries, big gap between demand and supply in critical competencies and huge wave of baby-boomers retirement, uncertainty in the world with conflicts and energy crisis, all of that indeed put the pressure on companies to re-think the people strategy. Hence, the question is which driving factor is the most important enabler for companies to attract and retain people? There is no general recipe and no copy-paste strategy. Instead, look deeper into your people analytics, needs and behaviours. We can find the answer but I would dare to emphasize that psychological safety is taking more and more place among employees as the most critical one. By empowering employeeship with psychological safety in the ground companies can gain both in terms of individual but also team performance. Research and survey are showing that innovation as a competitive advantage is possible if a company has people with high motivation and strong feeling of belonging. How could the way to empowered employeeship look like?By Aida Ploskic, Global HR & People X Director, Perstorp GroupAida PloskicIn MyOpinion
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