Marcel Schwantes: Toxic Work Culture

[1:23] “A toxic work culture was found to be 10.4 times greater than compensation in predicting a company's attrition rate relative to its industry average.” Marcel explains the not so shocking reason why workers left jobs in droves in the 2021 Great Resignation.
[2:13] “When leaders lack empathy, fail to communicate clearly, or prioritize their own interests over the well-being of their employees, it can lead to a toxic environment.” As Marcel says, toxic work culture is not built overnight, it happens with consistently poor behavior in leadership that seeps into every aspect of the organization.
[4:41] “It is about bringing our deepest sense of right, authentic caring, and highest ideals to business. It is about achieving success beyond success, measured in the flourishing of human lives.” Marcel quotes CEO of Barry-Wehmiller, Bob Chapman, to emphasize his point on the importance of prioritizing people over profit.
Links to the episode:
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About the Show
The Love in Action Podcast is part of a global movement that inspires leaders to reimagine the conditions necessary for creating human-centered and humane workplaces where people and businesses flourish. The show is now heard in 160 countries and is ranked in the top 2% of all podcasts. Episodes are published every Thursday and can be heard on your favorite podcast platform. If you like what you hear, be sure to leave us a review on iTunes!
Now Accepting Podcast Sponsors
As we challenge current management thinking and practices and build skills around human leadership and human-centered work cultures, we would be delighted to accept your sponsorship for future episodes. If interested, contact Marcel here: www.marcelschw...