In his 2022 letter to CEOs, “The Power of Capitalism,” Larry Fink notes the traditional workplace where employees are expected to be in the office five days a week, where mental health is rarely talked about and where wages for low- and middle-income workers hardly grew. “That world is gone,” Fink writes.

“Workers demanding more from their employers is an essential feature of effective capitalism,” he notes. “Companies not adjusting to this new reality and responding to their workers do so at their own peril.”

Companies that want to survive and thrive in a post-pandemic marketplace need to ask themselves, “What are you doing to deepen the bond with your employees?” Fink notes.

“How are you ensuring that employees of all backgrounds feel safe enough to maximize their creativity, innovation, and productivity? How are you ensuring your board has the right oversight of these critical issues? Where and how we work will never be the same as it was. How is your company’s culture adapting to this new world?,” he writes.