The Great Resignation is seeping into the corner office, with 70% of C-level executives telling pollsters that they seriously might resign for a job that better supports their well-being, Jennifer A. Kingson reports. Why it matters: If the boss who sets the rules is feeling burned out, it's no surprise that many of the rank and file are also restive. - 57% of employees surveyed said they were fed up enough to quit too.
Driving the news: A report released today by Deloitte and market research firm Workplace Intelligence found that C-suite executives feel as frazzled and depressed as the workers who report to them. In a poll conducted in February... - 76% of higher-ups said the pandemic has negatively affected their overall health.
- 81% said improving their own equilibrium is more important than advancing their career right now.
Some execs are pushing for changes. 83% said they'll expand their company's well-being benefits over the next 1-2 years, while 77% said companies should be required to publicly report "workforce well-being metrics." And asked if they'd taken any steps to help staffers mellow out, 20% of C-suiters said they'd banned after-hours emailing, and 35% said they make employees take breaks during the day. Yes, but: There's a big disconnect between how the higher-ups perceive their efforts and what workers say. - 84% of C-suite execs said they thought their workers were thriving from a mental health perspective — but only 59% of employees rated their own mental health as "excellent" or "good."
- 91% of the honchos said they saw themselves as caring leaders — but just 56% of workers thought their bosses cared about their well-being.
"What we found was that the majority [of C-suite executives] want to do something about it, but they just haven't done something about it," Dan Schawbel, the founder of Workplace Intelligence, told Axios. Between the lines: The Deloitte findings ring true to executive recruiters. "What we see is that people are resigning to try to find a better place, a better work-life balance, a better culture," Shawn Cole, founder of Cowen Partners, tells Axios. - Women executives have been hit particularly hard with job overload during the pandemic, and a disproportionate number are job-hunting — or stepping aside.
But the "C-suite is an island" where corporate wellness policies — like unplugging and ignoring email — don't necessarily apply, Cole said. - "[Execs] really need to set boundaries for themselves" to stay happy and focused, Cole said.
- Finding a new job isn't always the answer: "The grass is not greener," particularly for a CEO.
What's next: C-suite burnout could translate to more enlightened workplace benefits and policies — or not, as an economic downturn puts more focus on the bottom line. Share this story. |
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