The Power of Virtual Culture

22 May 2024 · 1 min

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In this brief commentary, the speaker reflects on the 2021‑2022 period, labeling it the "year of the great resignation" because an unprecedented number of employees left their jobs. While many observers blamed millennials or Gen Z for the exodus, the speaker argues the true cause was the massive shift to virtual work, which stripped away workplace culture, community, and interpersonal chemistry. The speaker concludes that modern leaders who wish to retain talent must deliberately design and nurture a virtual culture, and asserts that this is both possible and essential.

Chapters

when you look at like 2021 and 2022, we coined this the year of the great resignation, right? Where more than historically anyone had ever left companies and people look back at that and they go, oh, those millennials or those Gen Z or whatever they wanted to place the blame on. The truth was that we had moved a lot of people into a virtual world and we had left culture and community and chemistry behind. And as a leader today, you want to retain at a high level, you better solve for creating a virtual culture, and you can do it.