Today’s business environment is full of change and uncertainty, globally and locally. We are always in touch with a variety of clients from multiple industries, from manufacturing to finance to healthcare, and we support leaders in all of our client companies to help them manage through the competitive landscape and deal with new pressures. Here are some common themes we’ve heard lately. And guess what? These changes aren’t mutually exclusive. Most organizations are reeling in multiple ways from changes in the global economy. Here are some details about the environment organizations are facing, and how they are reacting to the the change (or taking a proactive approach if they’re ahead of the game).
1. Retention of employees is more important than ever. 30% of leaders in organizations of 100+ are looking for new roles (look here for additional sobering statistics). Companies are working to incentivize their top talent to stay with them as the economy improves, and finding more innovate ways to do so, such as stay-interviews, referral programs, remote work options and other methods to drive employee satisfaction, which aren’t necessarily money.
2. The strategic planning process has changed. Companies are reevaluating their strategies during the changes in the world economy. Implementation is usually where they falter as the organization becomes more overwhelmed with projects, according to Forbes magazine. Companies that align goals with pieces in their strategies can accomplish more and build more energy around projects, especially with cross functional teams representing multiple levels and functions. Taking a multi-dimensional approach to strategic planning has helped many organizations do it more effectively.
3. Sales training is no longer just about ideas to simply grow revenue. It’s about truly assessing your team with analytics to improve upon their weaknesses and leverage their strengths. Following a process will allow your sales team to focus on solutions relevant to your clients’ worlds. Furthermore, non-sales oriented employees are benefiting from sales training by using it internally in their organizations and growing in their influencing skills.