May 01, 2018
From Advisory Institute
In classic thinking, companies are in business to turn a profit and return value to shareholders. But today’s employees are seeking more than just a paycheck in return for supporting their employers’ profitability trajectory: they are seeking purpose-driven work.
How important is purpose to employees and the businesses for which they work? A State of the American Workplace found that four in 10 employees are disengaged at work, which can lead to poor workplace culture, high turnover, and negative productivity. The results of a Northwestern University study found that organizations that are perceived as purpose-driven affect employees’ sense of meaningfulness at work. And a KPMG research study showed that 58 percent of companies with a clearly articulated and understood purpose experienced growth of 10+ percent growth as compared to their competitors.
In this podcast, Matt Campbell, managing director in KPMG’s People & Change practice, and Stan Lepeak sat down to discuss:
Duration: Approximately 16 minutes. Activate the recording with the play button over the image.
For more on the future of work, explore
The previous podcast with Matt Campbell, Living with bots in the workplace: What does that really mean?