Emotional Compensation and Employee Retention

The COVID-19 crisis brought a potential reshaping of the way people approach work. A recent Microsoft survey found more than 40 percent of the workforce is likely to consider leaving their current employer within the next year. Perhaps organizations can adjust to this new normal by creating a more connected culture by increasing emotional compensation.

Michael Lee Stallard is a GovExec contributor and the co-author of the book Connection Culture: The Competitive Advantage of Shared Identity, Empathy, and Understanding at Work, now in its second edition. He has a post on our site right now  headlined “To Cope with the Labor Shortage, Raise Emotional Compensation”  He joined the podcast to discuss emotional compensation and how it affects team connectedness.