I was asked to write a piece for People Management discussing the benefits of sabbaticals and fractional roles for senior managers, and how these can help companies retain senior staff.
Companies continue to be confronted with the departure of senior staff due to economic pressures, technological advancements, and cultural shifts, coupled with challenges like unclear board strategies, frequent leadership turnover, and limited talent development opportunities. The issue is further aggravated by burnout among senior executives, which is brought about by extended working hours and excessive meetings.
Presently, senior executives in the UK place a higher priority on work-life balance and well-being over substantial salaries when selecting employers. To retain senior talent, companies should address concerns related to organisational culture, capacity, and senior staff contracts. Two effective strategies involve implementing sabbaticals and offering fractional roles, allowing senior leaders to rejuvenate, and providing flexibility. These policies can enhance staff retention and well-being, while also distinguishing organisations from their competitors.
In conclusion, the adoption of sabbaticals and fractional roles has the potential to improve staff retention, promote well-being, and enhance competitiveness. Recognising the pressures faced by employees and fostering a supportive culture for senior managers is imperative.