While many executives might already be aware that employee engagement level drop significantly and their confidence in the organisation gets impacted during times of change, such as a new CEO at the helm.
A recently released report by the Hay Group division of Korn Ferry titled, One Definitive Guide to Engaging Through Change, provides tips on how to successfully engage and enable employees during these situations.
Analysing global employee opinion database with responses of more than six million employees across the globe and comparing them with organisations undergoing large-scale change with global averages, the data indicates that employee engagement lowers during a CEO or leader change.
Impact of change in leadership at the helm are:
“Given the fact that 2015 was a record year for corporate mergers and acquisitions, the issue of change at the top is a very real possibility for organizations. And while no two changes are the same, many factors influence whether they succeed or fail,” said Mark Royal, Senior Director, Korn Ferry Hay Group.
“But we know from our work with clients across the globe that there are distinct ‘dos’ and ’don’ts’ to help leaders engage and enable their people.”
See: 5 Terrific Ways to Increase Employee Engagement
Experts recommend some tips for leaders to successfully engage employees:
“Change can make the future look less certain, which gives your competitors a great opportunity to try to snatch your best people,” said Royal. “Make sure you know who your high performers and high potentials are, then think about proactively engaging them. This is especially true for new hires, who may have signed up to work for a very different organization from the one it’s about to become.”
Also read: How Does Workplace Satisfaction Help Boost Employee Engagement?
Image credit: freedigitalphotos.net