The Power of Virtual Culture

15 Aug 2024 · 1 min

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In this segment, Richard Milligan reflects on the 2021‑2022 "Great Resignation," noting that popular narratives blamed Millennials and Gen Z for the unprecedented wave of employee departures. He argues that the true driver was the rapid shift to remote work, which left organizational culture, community, and interpersonal chemistry behind. Milligan asserts that modern leaders who wish to retain talent must deliberately design and nurture a virtual culture, and he emphasizes that this is both necessary and achievable.

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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.