Going through a period of changes, and don’t know how to deal with potential negative effects of change in your company?
Today most organizations are going through constant state of transformation, as they respond to the extremely dynamic business environment, the pandemic impact, and the technological progress. And that means processes, systems, and strategies in the workplace must continually change and evolve for an organization to remain competitive.
People say change is good. But sometimes it comes along with a drawback: it usually affects the most important resource, which is your team. Due to frequent changes, sometimes insufficiently communicated, people may choose to migrate to companies where things seem to be more “stable”.
And the loss of people is costly due to the associated recruitment costs and the time involved in familiarizing new employees with the various processes in the company. Every time an employee walks out the door, a lot of knowledge about the business leaves together with him. And that’s why you need a well-developed plan for change management.
What you can do to prevent the negative effects of change in your company
A change management plan can support a smooth transition and ensure that employees are guided on the path to change. Here are some key steps you can take to effectively manage organizational change.
Full content of this article is accessible only by subscribers of the Premium account
Join our community, and gain access to all our Romanian life guiding and professional resources: tax guides, tax calculators, company setup guides, employment guiding, immigration guides, business news articles and opinions, and many more.
Get online access to valuable and professional resources, anytime, anywhere!
All resources from category: Leadership & Career