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Why change management is the cornerstone of organisational transformation
Why change management is the cornerstone of organisational transformation

Teaser

Change & Transformation

Content Type

General

16/03/21

Summary

In the modern world of business, change management plays an important role in delivering results and ensuring employees are successful. With rapid development in technology and new digital solutions, it’s all the more important that businesses know how to adapt their processes and use change management methods to pave the way for organisational transformation. Effective change management is crucial for the growth of any business. It’s essential for achieving long-lasting success and navigating through the “new normal”. Now’s the time for business leaders to assess existing models and evaluate what needs to be changed to keep moving their companies forward. We’re exploring some of the key areas of change management and why they’re so important for business transformation. The Employee Experience  Companies that want to endure must be skilled at organisational transformation. Effective change management remains integral to successful business transformation. While change management covers a broad range of processes, it’s always focused on the people. Change management involves maintaining a constant workflow while communicating seamlessly with employees. Thus, enabling them to remain motivated during the introduction of new tools and technology. Transformation in the workplace is vital for realising growth, and change management has a significant impact on employee engagement. Managing successful periods of change can increase employee morale and drive positive team-building. However, during this process of change, leaders must understand how to change their employees’ mindsets to ensure everyone is moving in the same direction. Improving performance The change management process is about positioning a business so that it can meet the challenges of constant change in a competitive environment. It’s imperative for staying relevant. Change management is intrinsic to business transformation, and a key advantage is that it has a positive and direct impact on performance. Change management encourages innovation and increases productivity, which in turn, leads to stronger business performance. If companies want to succeed long-term, leaders need to understand the importance of continuous improvement, upskilling and flexibility in the face of uncertainty.  As change management strategies progress from defining the vision to target setting, every level of the company is affected, including employee performance. By implementing new methods, leaders can improve processes and the overall performance of their teams. " Leadership and cultureLeadership and culture have a massive impact on organisational transformation. Modern leaders have a growth mindset and are able to think globally, developing full-fledged strategies that will serve the company for years to come. Therefore, leaders have a fundamental role to play in managing change. When businesses grow and change, this can often lead to much stronger leadership as managers will have to prepare for the responsibility, inspire their team and take on new initiatives. Right now, there are few skills more important than a leader’s ability to manage change and adopt new practices. However, it’s worth mentioning that despite the importance of change management, many organisations fail when launching new change initiatives – which is often the result of poor leadership and communication. That’s why it’s all the more important for leaders to be able to articulate their vision to employees to pave the way for concrete, systematic change.How Marks Sattin can help your businessAt Marks Sattin, we have a dedicated team of recruitment consultants who are committed to developing careers and helping clients secure high quality candidates. We specialise in a variety of markets, including financial services, professional services, executive search and commerce and industry. We pride ourselves on delivering an effective and efficient service to our clients, and we’re able to build positive and strong relationships with the companies we work with. If you would like to learn more about how Marks Sattin can help with your recruitment, contact our team today. Alternatively, keep reading our content for more interesting news and insights.  

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In the modern world of business, change management plays an important role in delivering results and ensuring employees are successful.

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Oliver Bradley

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Oliver Bradley

Oliver Bradley

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Oliver Bradley

Market Insights 2019 | Change & Transformation, London
Market Insights 2019 | Change & Transformation, London

Teaser

General

Content Type

Market Insight Reports

28/08/19

Summary

Financial Services Last year was challenging for the interim financial services change and transformation market, with clients implementing new restrictions on contract tenure and showing caution around non regulator-driven spending. As a result, we saw a significant amount of contractors flooding the market, and far fewer opportunities available for them to transition into. Clients became more and more specific around skill set requirements and less flexible with their expectations, due to the surge in available talent. This also meant we found ourselves dealing with longer processes and more interview stages than previous years. Commerce & Industry The rise of GDPR related initiatives dominated Q1 last year, with clients desperately trying to be compliant for the May 25th deadline. Project/programme managers were in high demand, which was reflected in premium rates and increased levels of interest among contractors in these specialist roles. On average, GDPR change professionals were earning 15-20% more than professionals with similar experience working outside of GDPR programmes. It was also noticeable that many non-GDPR roles in Q1 2018 were short term − other projects and programmes seemingly took a back seat while programme teams focused on the GDPR deadline. GUEST AUTHOR: Seddons Solicitors If we are to believe the statistics, flexible working is the winning ticket. For employees, it is often now a key consideration in any job move that agile working will be part of the package. It may also be a factor in why they are seeking a new role in the first place. Most businesses too are keen to fl y the flag of flexible working, recognising the allure it has for potential new recruits and the positive, forward-thinking message it can send out about their business. While it may be secondary to the impact it can have to a businesses’ bottom line, if office space can be forfeited or used more resourcefully, flexible working at face value seems a wholly positive initiative. Read more on this guest author piece here. Download the full Change & Transformation 2019 Market Insight Report »  View salaries and commentaries in other UK regions and Ireland »

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Last year was challenging for the interim financial services change and transformation market, with clients implementing new restrictions on contract tenure and showing caution around non regulator-driven spending.

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Oliver Bradley

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Oliver Bradley

Oliver Bradley

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Oliver Bradley

Business Change | Commerce & Industry 2018 Market Insights in London
Business Change | Commerce & Industry 2018 Market Insights in London

Teaser

Change & Transformation

Content Type

Market Insight Reports

21/08/18

Summary

View commerce & industry market salaries within change management. Download the full Business Change & Technology 2018 Market Insight Report here » CHANGE MANAGEMENT | COMMERCE & INDUSTRY  Job title    Salary range   Day rate   Business Analyst £45,000 - £60,000 £200 - £400   Senior Business Analyst £60,000 - £70,000  £450 - £600  Project Manager £60,000 - £80,000  £400 - £750  Programme Manager £75,000 - £100,000 £500 - £850   Programme Director £100,000+ £750+  Transformation Director £125,000+  £1,000+  Change Analyst £40,000 - £60,000  £250 - £400  Change Manager £50,000 - £85,000 £350 - £500  Management Consultant £50,000 - £70,000  £300 - £400  Senior Consultant £65,000 - £85,000  £400 - £600  Managing Consultant £85,000 - £100,000  £600+  PMO £50,000 - £75,000  £250 - £450   PMO Lead £60,000 - £80,000  £450 - £650  Head of PMO £85,000+  £650+ View London salaries in other sectors within business change & technology here »

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View commerce & industry market salaries within change management.

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Oliver Bradley

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Oliver Bradley

Oliver Bradley

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Oliver Bradley