This blog post has been written by Amer Haleem, Country Manager, Productized Services, Hay Group India
Focus on Innovation. But don’t forget to focus on the most crucial of all elements- Productivity. If you are lost after reading that statement, don’t worry. I am going to expand this further for your understanding. I have spoken about the six big megatrends that will change the global business environment before and through this series of blogs, I try and provide a few solutions to the five major challenges that organizations are bound to face in the next 15 years. We’ve already spoken about collaboration, transparency, agility and innovation.
In my last blog, I stressed on the need to ensure innovation is part of the culture of an organization. Now, here’s the thing. The megatrends will pull organizations in two directions at once. So, like I stated right in the beginning- focus on innovation, but don’t end up neglecting productivity. Organizations need to focus on operations and ensure that their employees are productive. As always, the solutions to meet this end are directly linked to an engaged and enabled workforce. Balancing innovation and productivity would require multi-tasking. Therefore, maintaining productivity and focusing on creating new ideas will have to go hand in hand.
To ensure productivity, organizations will have to keep their employees completely engaged. Employee motivation is absolutely mandatory to deal with the challenges of the future. At the same time, to ensure that your workforce works hard, but also manages to have a work-life balance is important. This is where enablement is necessary, to ensure employees can be efficient and accomplish tasks without dealing with unnecessary hindrances.
To achieve business goals, sometimes, you would require your employees to put in those extra hours. But, then how do you ensure your employees don’t end up being frustrated? It’s clearly not an easy situation to deal with and the present scenario isn’t an ideal one. Our research reveals that almost a third (32 percent) of employees worldwide express concern about stress at work and almost two fifths (39 percent) don’t feel that their companies are doing a good job of helping them to balance work and personal responsibilities. Businesses are also falling short when it comes to creating enabling work environments. Close to half of employees describe their organizations as not operating efficiently (44 percent); and not effectively organized and structured (45 percent).
It’s not a pretty picture and this is clearly a crucial challenge that companies will face in the next 15 years. So, what can you do to ensure that your workforce stays committed and productive? Based on our research, here is a glimpse into some of the measures that you can take to keep up:-
- Stay focused- don’t take on all challenges at once
- Be fair- promote a sense of equality through clear communication
- Guard against complacency- Avoid the trap of routines
- Define authority- Clarify employees’ decision- making responsibilities
- Draw lines of responsibility- Specify accountabilities
- Emphasize the importance of well-being
- Assess opportunities for digital tools to increase productivity
- Don’t be afraid to make bold organizational decisions
It seems like a long to-do list and it won’t be easy to strike the right balance. But, since this is one of the key challenges of the future- the right time to start paying attention to this is now!
Interested in keeping your workforce engaged and enabled? We now bring to you a very exciting offering. Download our ‘Engaging hearts & minds’ report now to avail the offer.