Resilience has become a buzzword in today’s corporate landscape, but its impact on organizations goes far beyond a mere trend. The ability to adapt, bounce back, and thrive in the face of challenges can bring significant benefits, both for individuals and teams.
One crucial aspect of resilience is its role in reducing turnover rates. When employees feel supported, empowered, and equipped to navigate obstacles, they are more likely to stay committed to their organizations. By fostering resilience, leaders create an environment where employees can overcome setbacks, embrace change, and find fulfillment in their work.
Financially, resilience also plays a pivotal role. It is difficult to give an exact number, but as an example, a study from WHO says that mental illness costs 1 trillion USD a year for organizations. Another study from Deloitte says it costs employers 2000 USD per person a year. The cost savings for Organizations that prioritize resilience strategies come through increased productivity, decreased absenteeism, and improved overall performance. When individuals feel supported in their resilience journey, they become more engaged, creative problem-solvers, and valuable contributors to the organization’s success.
But resilience goes beyond numbers and statistics. It creates a culture of trust, collaboration, and growth. By fostering resilience, organizations build cohesive teams that can weather storms together, and positively impact the lives of individuals.
PERSONALITY TRAITS ASSOCIATED WITH RESILIENCE
Resilience is not a trait that individuals either have or do not have. Resilience involves behaviors, thoughts, and accompanying feelings that can be nurtured, developed, and learned. However, some personality traits can have a positive impact on resilience:
- Perceiving a setback as a learning opportunity
- Trying something multiple times without giving up
- Committing to a challenge and seeing it through
- Recognizing stagnation as a natural and temporary part of a journey
- The ability to tolerate difficulty and not let it deter you
- Ability to maintain a positive outlook and trust oneself
The lessons I would share from the 20 years of working with Leaders and teams are the following:
For leaders, it is important to understand that you first need to help yourself so that you can help others (like the oxygen mask in the plane). Many Leaders are so involved in supporting their teams that they neglect to help themselves.
Taking distance and the time to think is also essential to get some perspective and therefore more resilience.
As for Teams, the team members’ ownership of the team’s success is key. When team members feel they have control over how the team works and what it achieves, it also contributes to the team’s resilience.
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