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The C-suite’s role in well-being

Deloitte Insights: “There’s no question that well-being is at the top of the C-suite agenda right now. While the pandemic brought worker safety into the spotlight, there’s also been an increased focus on the overall poor state of workforce well-being and the role that organizations play in determining quality of life for employees and their families. In fact, most companies now recognize the need to invest more in the holistic health of their employees, because it’s clear that workers are fed up—with outdated norms like the nine-to-five schedule, the expectation that they should be “always on,” substandard wages and benefits, and the idea that they should be willing to sacrifice their health and their personal lives for their job. C-suite executives themselves are not immune. Although far less attention has been paid to well-being among the C-suite—how they’re faring, the increased demands placed upon them, and whether these factors are influencing their desire to stay in their leadership roles—some recent research points to increasing quit rates among executives. And as we’ve seen with the Great Resignation, many people are no longer willing to tolerate jobs that leave them unhappy and in a constant state of stress and fatigue. Indeed, there’s been a notable power shift over the past few years, with workers demanding more from their employers than ever before and companies scrambling to adapt their employee value proposition to avoid a looming talent shortage.   How can C-suite leaders improve both their employees’ and their own well-being? To understand these issues and trends better, Deloitte partnered with independent research firm Workplace Intelligence to survey 2,100 employees and C-level executives across four countries: the United States, United Kingdom, Canada, and Australia. The survey results revealed eye-opening findings, including that nearly 70% of the C-suite are seriously considering quitting for a job that better supports their well-being…”

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