Why purpose means profit and how HR is on the front line

Over the past two years, everything about the way we work has changed – and not just because of the pandemic. The #MeToo movement, the Black Lives Matter marches, and a US election that culminated with an attack on the nation’s capital; all triggered frank conversations in the workplace – about bias, inequality and racism – that would never have happened in previous years. 

These events are causing employees to take stock. Does their organization and its leaders really embody the principles that are laid out in their corporate value statements?

It is no longer enough for the C-suite to measure success based on revenue goals. If leaders don’t measure up, it could affect productivity, performance and their own tenure. So how is purpose reshaping the way we work, and what should leaders do to set the right example?

HR’s time to shine

Leaders and employees are relying on HR to help them navigate the changes that Covid-19 has unleashed on the workforce. They also look to HR to find ways to actively demonstrate the company values through their actions, messaging and workforce strategies.

"HRmaybetheheroesofthiscrisis,inthesamewayCFOsweretheheroesofthefinancialcrisis."
Dr John BoudreauProfessor emeritus and senior research scientist at the Center for Effective Organizations, University of Southern California and an expert on the future of work
"Leaders were quick to turn to HR for help understanding the implications of these events, which has brought the profession to the forefront."

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