Start managing the human impact of change management and take control of the success of your organisations change initiatives.
I’m sure you’ve had the experience of sitting and listening to a new vision or strategy from the CEO. Sometimes these are a hit and you can’t wait to jump on the bus, but in some cases you can tell the impact of these changes on employees hasn’t been well considered.
Businesses need to be agile in order to remain relevant in today’s market. But this doesn’t mean overlooking the needs of employees during times of change. Without a strong roadmap to follow not only will any change initiatives struggle, but your organisation may even lose out on revenue!
A study by McKinsey looked at projects across 40 organisations with one of the key variables being an Organisational Change Management Program against a project’s ROI. This study revealed:
- 143% ROI when an excellent OCM program was part of the initiative
- Only 35% ROI when there was a poor OCM program or no program
Therefore, while you may not be involved directly in generating revenue, your role in managing the human impact of change can result in a better ROI – so make sure your management team doesn’t overlook this!