JULY 25, 2017
Four Rules for Ultra-Fast Change Management
By Hilary Collins, Assistant, Publications and Research, Financial Managers Society
Change management is always a struggle, as we’ve seen in the past
and will learn more about in the future
. Financial services especially seem to struggle to keep pace on a treadmill that is constantly speeding up. When dealing with outside changes and the inside shifts they necessitate, Margaret Keane gives us some principles
to keep in mind:
Change creates anxiety within an organization, and open lines of communication and transparency can help quell concerns and increase buy-in. Listening can also help you hone in on problem areas that would otherwise have gotten lost in the headlong rush forward.
Consciously Build Culture
Use this new cycle of constant evolution to reaffirm your commitment to the parts of your culture that you want to keep and to better the parts of it that need improvement.
More specifically, be creative with policy. Many policies are outdated or out of touch with what your employees really want. As benefits like flex time and PTO become more ubiquitous, you might have to choose between losing employees or making new rules.
Change is tiring, and constant change can be exhausting. Make sure that you’re rewarding those who follow you, celebrating your successes, and allowing time for yourself and your employees to recharge.