Resilience Is More Than a Buzzword: It Boosts the Bottom Line

PICTURES OF THE DECADE Waves overwhelm a levee, swallowing a seaside village, after the 9.0-magnitude earthquake and subsequent tsunami that devastated northeastern Japan and triggered a nuclear disaster at the Fukushima Daiichi Nuclear Power Plant, near the mouth of the Hei River, in Miyako city, Iwate prefecture, Japan, 11 March 2011. EPA-EFE/AFLO / MAINICHI NEWSPAPER JAPAN OUT

Resilience Is More Than a Buzzword: BetterUp Research Finds It Boosts the Bottom Line

he research finds that companies that grew in resilience experienced thrice the annual growth than those that did not grow in resilience.

The economic impact of the COVID-19 pandemic has been immeasurable. The cost of running businesses and providing employment has suddenly skyrocketed due to the drop in revenues. But while some organizations have faltered, others are surviving. What is the formula that has worked for the latter?

Resilience seems to be a buzzword that has emerged after the pandemic shook things up everywhere. But new research by BetterUp finds that it is more than that. The traits of highly resilient workers have helped organizations navigate this uncertain climate.

A mobile-based professional coaching provider, BetterUp recently published topline findings from its report, Resilience In An Age Of Uncertainty, developed through a data-driven examination of the attitudes, motivations, and behaviors of tens of thousands of professionals, before and during the current pandemic…

We Must Do Recovery Better

Resilience is defined as a capacity to recover quickly from difficulties, a toughness, or the ability of a substance or object to spring back into shape. We have heard much about resilience as bushfires, drought, flood and the covid pandemic engulfed our nation testing our personal and professional resilience as well as that of our city, our systems, and our economy.

While different circumstances may demand different responses, to Shane Fitzsimmons, NSW’s first Commissioner for Resilience, we need to be more resilient. In fact it was having visited over fifty communities during the 2019 – 2020 bushfires and backed by his near three decades in the rural fire service, the last twelve as Commissioner, that Fitzsimmons said to the NSW Premier that “we need to do recovery better”…

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