Presentations

Relational capital

 (Adobe Stock)

3' min read

Translated by AI
Versione italiana

3' min read

Translated by AI
Versione italiana

Ask a professional to talk about their career and you’ll hear the story of a lone figure: talent, sacrifice, intuition at the right moment. It’s a misleading narrative. Retell the same story by putting a name next to every turning point — who recommended that job to you, who said the words that made you change direction — and the protagonist changes. No one is self-made: we are the sum of encounters made possible by others.

And yet there is no sign of this capital anywhere. No chart of accounts, no KPIs, no compulsory courses. And the figure is telling: in the first quarter of 2025, according to Istat, 73.6 per cent of jobseekers in Italia found work through relatives, friends and acquaintances, rather than through CVs, job adverts or job centres. The asset that determines who gets a job and who doesn’t is precisely the one that nobody measures, nobody teaches and nobody budgets for.

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The emotional infrastructure

To call it a network is an understatement: it is an infrastructure. Our career path, the talents we are recognised for, the opportunities that open up and those we will never see all depend on it. And our health depends on it too: Harvard’s 85-year follow-up study on adult development found that the quality of relationships at the age of fifty is a better predictor of health at eighty than cholesterol levels. According to the WHO, loneliness is linked to around 871,000 premature deaths a year. This is no metaphor: the people we meet either lengthen or shorten our lives.

The Constellation of Possibilities

Here is the least intuitive paradox. Turning points almost never come from strong ties — family, long-standing colleagues, friends you see every week — because they inhabit the same world as us and have access to the same information. They come from weak ties: the acquaintance you bump into at an event, the person sitting next to you on a course, the sporadic contact from years ago. A study published in *Science* in 2022, based on 20 million LinkedIn users and five years’ worth of data, analysed over 600,000 job changes: career mobility follows an inverted U-shape; the greatest return comes neither from close friends nor from strangers, but from moderately weak ties, and this effect is amplified in highly digital sectors. This is Ronald Burt’s ‘structural hole’: those who bridge worlds that do not communicate with one another are the first to spot good ideas.

These connections trigger turning points because they exist on the fringes; they chart a course by linking distant points, unlock tangible opportunities and resurface when we need them most: the person we met on a course years ago who stops to help when we’re in trouble. That is where the difference between a mere contact and a lasting connection is measured.

There is also the flip side: relationships that energise and those that drain you, energy vampires that clip your wings. Research published in the *Journal of Applied Psychology* shows that people who are perceived as ‘energising’ boost the engagement and performance of those working alongside them.

Letting go of a toxic relationship isn’t a whim: it’s looking after your own well-being.

Becoming a possibility

True transformation begins where the question ‘what’s in it for me?’ ends. As long as the yardstick is immediate return, we merely collect contacts; when it becomes a gift — listening, support, reciprocity without an expiry date — we build capital. The ultimate purpose of this lifelong networking journey is not simply to have a network: it is to become a source of possibility in someone else’s life. This is the power we did not realise we possessed: to shape a destiny – our own and that of others.

Try an uncomfortable exercise. Write down the three turning points that have changed your professional life and, next to each one, the name of the person who made them possible. Then ask yourself this powerful question: if you were to lose your job tomorrow, who would you call? If the name doesn’t spring to mind straight away, that silence is your true balance sheet.

You can change course at any time. Choose someone from your network and ask yourself not what they can do for you, but what they need. Then actually do it. Relational capital is the only kind that grows only when you give it to someone else: companies that keep focusing their training on budgeting rather than on this are leaving out of their accounts the very item that determines the fate of people and organisations.

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Marco Vigini, Founder of Bnet2Connect

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