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Leadership in Down Times

Not that it makes us feel any better, but according to the Towers Watson 2010 Global Workforce Study, we in the U.S. are not the only ones to be faced with an anxious, stressed out workforce.  According to the study findings, “From the global recession, to financial defaults, to changes in business models, both employers and employees are being forced to revisit some fundamental assumptions about their implicit and explicit ‘compact’ with one another.”

More than ever, events happening outside the workplace, such as financial woes and job losses for other family members, are impacting life inside the workplace.  We do not need to look far in the world around us to see how fear translates into anger, withdrawal and mistrust. Our workplaces are easy targets for misplaced fears and as a result leaders have an even greater challenge in getting people focused on organization goals.

Three Key strategies that you can employ now …

  1. Focus on leadership coaching; start at the top and make sure your leaders have what they need to lead in these times. Assess competencies and give them strategies to build on their strengths, give them follow up with a coach or mentor, teach them the skills to coach others.
  2. Embark on process improvement to keep employees engaged and actively involved in contributing to positive changes in the work environment. Give them a task/challenge that is urgent and important, ask them what they think is important about the work, what they would do differently and let them participate in setting goals and measuring progress around budget, quality, timeliness and customer service.
  3. Recognize the need for encouragement and support; this is the time to reach out and build bridges and mend fences. Make a special effort to reach across the divide where acrimonious relationships have taken hold. Now is the time to think about bringing in motivational speakers or adopting wellness programs. One innovative program I recently learned about is mPRW10 which helps employees develop healthy habits with a 10 minute a day program.

The Towers Watson Study offers the firm’s insights about the unfolding employment relationship in this new age. The study cites the need for organizations to foster self-reliance in employees, align people’s work with what really matters to allow them to contribute more value, and strengthen agility and flexibility in structures, processes and styles of work.

But the bottom-line is that employees first need to experience a readiness to change and an awareness of why change is necessary.  When they see the importance and the urgency, as well as a willing leader, they will be more likely to take the necessary steps.

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