The evidence that resilient companies simply do better (in good times and bad) is compelling.
Specifically, research on more than 1,000 companies found that the most resilient companies performed better than their less resilient peers across the entire life cycle of the major economic shocks of the past two decades.
Focus on talentBecause resilient companies are better positioned to start with, they are well-placed to capture talent who may now be searching for new homes.
All companies need to look at their employee value proposition.
Asutosh Padhi is a senior partner and the North America managing partner for McKinsey & Company, a global management consulting firm.