(Photo: Vijay Easwaran)
The great resignation has been one of the byproducts of the impact of the COVID-19 pandemic on the entire world. In response to current subpar working conditions, a surge in innovative enthusiasm, and a deep appreciation for the time that we have left as individuals, millions of people have left their jobs in search of equality and entrepreneurship. In a recent article for the South China Morning Post, entrepreneur and philanthropist Vijay Easwaran shares his thoughts on the mass exodus from corporate captivity and the takeaways for leaders in these new times.
The impact of the pandemic on a large number of people has left the traditional workplace in search of their own business ventures or better opportunities, leaving many employers scrambling for talent. Yet Easwaran writes that it is time for business leaders to reflect on this and learn that many of the changes brought about by the pandemic are here to stay, and ignoring them would mean a missed opportunity.
In Asia in particular, start-ups are making a mark with a “global deal share of 36 per cent during the fourth quarter of 2021”. Asian countries, including Malaysia, are also leaders in global job search among active job seekers, showing that economies are shifting in response to changing trends in employment. Personal need and ambition are driving forces in great resignations within Asia, as surveyed job seekers reported seeking better compensation and benefits packages along with a desire for “new challenges” to their jobs.
While many corporate pundits may lament this trend of employees leaving careers to pursue more lucrative and fair compensation opportunities, Easwaran sees this as a positive opportunity and moment of significant awareness. The pandemic taught us about the importance of work-life balance and the impact our careers have on our well-being, among other life lessons. Easwaran has always been a supporter of a work environment that ensures that workers have opportunities for self-improvement and safety. He notes in a recent article that our jobs can often be seen as an extension of ourselves and a component of our identity. “I believe that 63 percent of American workers who quit last year citing low pay and lack of career advancement lacked some deep meaning in their work lives,” Easwaran explained. their employees.”
To achieve this, Easwaran himself has incorporated a spirit of spirituality and well-being into his business practices and corporate environment. This does not require the introduction of any organized religion, but encourages and fosters an environment conducive to maintaining individual beliefs. This welfare stems from people feeling that their company respects and cherishes their ideals. This includes, but is not limited to, creating an environment that nurtures individual well-being. Easwaran’s own organization has also implemented its own ideals into the company’s daily culture, including a meat-free diet designed to tackle carbon emissions and a ban on all single-use plastics. Demonstrating a genuine commitment to sustainability is just one way his organization holds to the ideals and needs of its community of workers.
The great resignation has resulted in a flood of new businesses flooding the markets, which can bring their own ideals and a sense of well-being to their newly created workplaces. But Easwaran notes that every start up faces an uphill battle to begin its journey: “Roughly 70 percent of new businesses survive their first two years and almost half make it past five years.” ” He encourages new businesses to embrace the challenges they face without the fear of failure or the stigma of not conforming to the status quo of the average business they leave. Instead, they should feel inspired to embrace the energy and spiritual guidance that inspired them to start a new business in the first place and overcome any fear of failure.
Easwaran’s own brand of entrepreneurship is attested through the QI Group, as he calls it, “Soul-Entrepreneurship.” It is the ability to embody a greater purpose in the world as part of your efforts to add meaning to your efforts beyond mere economics. He notes that everyone needs to develop and nurture their own approach to this, but an antidote to great resignation is simply to embrace this departure from norms and to create mission-focused, wellness-based businesses with mission and purpose. may be approved. new normal.
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