Why companies should not overlook their employees when facing systemic change or uncertainty

Employee engagement: When employees feel valued and included in decisions that affect them, they are more likely to be engaged and motivated in their work. This can help to improve productivity and performance, and can lead to better outcomes for the company.

Talent retention: Companies that overlook their employees during times of change or uncertainty may risk losing talented employees to competitors who are able to offer a more supportive and inclusive work environment.

Innovation: Employees can be a valuable source of ideas and insights, and may be able to contribute to finding creative solutions to challenges facing the company. Ignoring employee perspectives can lead to missed opportunities for innovation.

Risk management: Involving employees in decision-making processes can help to identify and address potential risks and challenges early on, and can lead to more informed and effective risk management strategies.

Employee satisfaction: Companies that involve their employees in decision-making and communicate openly and transparently are more likely to have satisfied and loyal employees. This can help to create a positive work culture and improve employee retention.

Employee well-being: Facing systemic change or uncertainty can be stressful for employees, and ignoring their concerns and needs can negatively impact their well-being. Companies that prioritize employee well-being are more likely to have a healthy and productive workforce.

Trust and respect: Companies that involve their employees in decision-making and communicate openly and transparently demonstrate trust and respect for their employees. This can help to build strong and positive relationships within the company.

Reputation: Companies that are perceived as caring about their employees and treating them well are more likely to have a positive reputation in the marketplace, which can be beneficial for attracting customers, investors, and talented employees.

Employee retention: Companies that overlook their employees during times of change or uncertainty may face higher employee turnover, which can be costly and disruptive to the business.

Legal and regulatory compliance: Companies that overlook their employees during times of change or uncertainty may risk non-compliance with laws and regulations related to employee rights and protections, which can lead to legal and financial consequences.