There is no economic recovery that doesn’t rely on human recovery. The human bubble is here.
Our data is showing that there is an immense amount of grief in the people that our economy is built on.
Do you remember when the .com bubble burst?
What about the housing bubble?
Well…this is the HUMAN BUBBLE, and most of us are missing it.
86% of our respondents have shown some level of grief associated with their workplace. This may seem like a normal number during a pandemic but the majority of these numbers are associated with a false appreciation for having work. We predict this will turn to disdain for their work quickly if the workplace culture is unhealthy.
Mark the following words:
“The human aspect of our economic recovery will be realized quickly by those who are hurt by making the mistake of ignoring it.”
-Ken King
The grief that we are seeing in employees is the equivalent of the bubbles that we have seen in dot com and real estate. Most notably, grief is just one of markers we’ve noticed that make the human bubble a concern. We see lack of appreciation, belonging, and feedback opportunities already impacting return to work as well.
What Is The Human Bubble Cost?
We predict resignations in the millions in North America in 2021. These, in turn will lead to millions of dollars in turnover, training, and other costs. Perhaps even higher.
One day we will know that the impact of the COVID19 pandemic has had on world, local, and individual economics was grossly underestimated.
Those that invest in people, culture, and growth now will be the ones that thrive.
Those that ignore the likelihood of the human bubble will be paying the costs sooner rather than later.
Read more in our blog on how to measure and build culture here.
Check out our GRW Project for workplace culture here to prevent yourself from being blindsided.
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