Pace of Work, Wellbeing Concerns Cause Major Rethinking by C-Suite, Employees

A new Deloitte report finds nearly 70% of the C-suite are seriously considering quitting for a job that better supports their wellbeing and the pace of work is to blame.

If senior management, who set the rules – often by example, is feeling burned out, it shouldn’t surprise anyone that 57% of the rank and file are also burned out enough to quit too.

In fact, executives are more likely to quit than rank and file employees (70% vs. 57%).

The Deloitte survey of C-suite executives also found:

• 76% said the pandemic has negatively affected their overall health;
  
  
• 81% said improving their own equilibrium is more important than advancing their career; and
  
  
• 77% said companies should be required to publicly report “workforce well-being metrics.”

Little or no time to disconnect: 73% of the C-suite reported that they aren’t able to take time off and when asked why, 25% of executives said they don’t disconnect because their workload would be unmanageable when they return, and 24% said they’re afraid they would miss out on important messages or emails.

Deloitte concludes “even though well-being is a top priority for workers and executives, few companies have attempted to address the underlying cultural issues that can affect well-being at work. It’s true that many executives are taking action around matters of health, but 68% admit they’re not doing enough, and many don’t recognize how much their people are struggling.”