AMBA's Ambition magazine: Issue 57, October 2022

S STRATEGY

They are seeking a better quality of life, and are often finding it outside of the regular workforce. Business school curricula and organisational cultures must be revised therefore to reflect these changing cultures. Covid-19 has disrupted the workforce in ways that are still unfolding. But even before the outbreak, companies were contending with a war for talent. The good news is that many top workers are willing to jump ship for the right opportunity. The bad news is that it is hard to find qualified employees – and even harder to retain them. One recent example is the departure of Jeff Weiner from LinkedIn. Weiner was one of the most sought-after executives in Silicon Valley, and his resignation sent shockwaves through the tech industry. LinkedIn was able to find a replacement quickly, but it shows just how competitive the job market has become. Employers are having to get ever-more creative in order to attract and retain top talent. For example, some are offering more flexible working arrangements, while others are opting to increase pay and benefits.

ince the Covid-19 pandemic hit back in early 2020, there has been a lot of discussion about the new organisational cultures required in business schools – particularly, the need for more distance learning and online courses. Little, however, has been said about how schools will have to adjust to these new circumstances. In this article, we will look at some of the changes that business schools must make in order to meet the needs of today’s employees, students, and academic staff. The Great Resignation The Great Resignation refers to the higher-than- usual number of employees voluntarily leaving their jobs, and changing their everyday routine. It is currently taking place as a result of Covid-19. Due to the uncertainty, and also new opportunities, many people have quit their jobs and are moving to new roles and/or locations. This trend is also a sign of the times. People are no longer prepared to put up with unpleasant bosses, long commutes, or hectic lives.

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