by Sebastian Buck
The economy today is in something of a paradox: strong fundamentals, including the lowest unemployment rate since the 1960s, but weak sentiment: CEOs are pessimistic, and generally people feel the economy is not good. To navigate this era, managers have turned to the old playbook: “the year of efficiency,” as Mark Zuckerberg called it.
While business l
eaders are focused on incremental optimization (which mostly involves layoffs, budget cuts, and price rises), a new paper from Oxford University, building on millions of employee reviews from the job platform Indeed, shows more clearly than ever that a paradigm shift is available: prioritizing employee well-being could transform companies, and the economy, in driving long-term business success.
