Resilience has become one of the most essential competencies of the future, as the challenges we face today such as pandemic, war, and climate and economic crisis require us to adapt quickly. Resilient employees create resilient teams, and resilient teams create organizations that thrive in crisis. And resilient companies and institutions create resilient societies.
Individual resilience refers to a person’s ability to adapt and cope with stressors and challenges. Team resilience refers to a group’s ability to work together effectively under stress and pressure. Organizational resilience refers to a company’s ability not only to continue functioning in the face of adversity but also thrive in the crisis. Social resilience refers to the ability of a community or society to withstand and recover from stressors and disasters.
The most resilient employees have almost 20% higher cognitive flexibility and a more robust growth mindset compared to their peers with the lowest resilience and are also the most innovative ones, with 22% higher innovation scores. Highly-resilient team leaders also have direct reports who experience 52% less burnout and have 78% lower intention of leaving the organization. The companies with the highest aggregated resilience scores have had 42% higher annual return on assets and 3.7x higher annual return on equity.
BetterUp Resilience in an Age of Uncertainty Report*