What is Workforce Ecosystem Management? MIT Sloan Management Review and Deloitte define Workforce Ecosystems as a structure that aligns business and workforce strategies. Successful leaders are understanding the complexity of these workforce ecosystems and modifying their management techniques to support these new systems, according to this report, as firms increasingly rely on both internal and…
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“The pandemic is not done, and corporations must be prepared for whatever the pandemic throws at them next, with the Omicron BA.2 strain and its progeny growing prevalent and protection to infections and immunisations fading.” Patricia Toro, Jeff Levin-Scherz, and John M. Bremen According to the authors, most of us suffer from pandemic fatigue after…
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5 Practices for an Inclusive Hybrid Workplace A hybrid workplace paradigm combines in-office and remote work to provide employees with flexibility and support. Employees in a hybrid workplace often have more autonomy and a better work-life balance and are therefore more engaged—building a more productive, healthy, and stable workforce that benefits employers. When developing hybrid…
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“Research has shown that toxic cultures cost U.S. companies almost $50 billion per year, and toxic culture was the single biggest predictor of attrition during the first six months of the Great Resignation.” Purushothaman and Stromberg. Yes, toxic rock stars can deliver today but one cannot ignore the long-term impact of these culture bullies on…
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“The bottom line for leaders is, if they do not become conscious of the cultures in which they are embedded, those cultures will manage them.”—Edgar Schein Here’s the truth. The majority of businesses do not have a firm grasp of their culture. Others don’t even consider it worth assessing the culture. According to Skip Richard,…
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Human Performance Improvement Can Transform Businesses. A small business should consider the tremendous financial impact that employees will have on the organizational bottom line. Employees are one of the leading expenses for a small business and should therefore be set up to succeed based on these factors – focus, capability, time well managed, high productivity,…
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“For any individual company, determining the purpose of its purpose is fundamentally a business decision and must be anchored in strategy. Corporate purpose requires clarity about the trade-offs being made and should result in something that is internally coherent. “ Jonathan Knowles, B. Tom Hunsaker, Hannah Grove, and Alison James| HBR Knowing the purpose of…
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According to a 2015 Harvard Business School research, nearly fifty percent of employees who encountered disrespect at work preferred to expend less effort and minimize their hours spent working. So how therefore can leaders verify their perceptions of their company’s culture? There are factors to consider when distinguishing an actual toxic work culture. “Pinpointing the…
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Business process optimisation streamlines operations in an effort to increase productivity and achieve strategic goals. Based on MIT Sloan’s survey of 370 business leaders from Consumer Products Companies: 98% consider transformation a priority. 86% believe they must transform to be future-ready. 85% already have transformation efforts underway. These companies have these issues at hand: Lacking…
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“Whether it’s caused by culture clash, cultural inertia, or total toxic collapse, broken culture syndrome can sink an organisation. But there’s a cure if leaders take action”. –adapted from Douglas Ready| Does your company suffer from broken culture syndrome?| mitsloan.mit.edu There are three common triggers of a broken culture syndrome: culture clash disorder, cultural inertia,…
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