It is not uncommon for managers to follow the path of their predecessors and implement the same practices and approaches. However, such a strategy is no longer viable in the evolving business landscape.
The structure of the workforce has changed dramatically in the past few years. Today, it encompasses a team of:
- service providers;
- remote teams, and more.
In other words, a single management strategy might not, and most likely, will not, work for this spectrum.
As an employer, if you are still following the outdated set of management standards, both your business and your team will suffer. If you are willing to take a closer look, it might be high time to revamp your company’s workplace practices.
In this article, we will consider some of the management practices that might be harming your organization and how you can improve on them.
Ignoring Collective Intelligence
The term ‘collective intelligence’ was coined by Thomas Malone in 1987. He is the founding director of MIT Center for Collective Intelligence. The term is used to describe the group intelligence that comes out of the collaboration and collective efforts of many individuals.
In other words, the level of intelligence created by a group of people cannot be achieved by an individual. In fact, if you think about it, everyone in your organization will have their strengths and weaknesses. Their resourcefulness is one of the reasons that you hire them.
As a manager, you have to work with your employees in unity to achieve a common goal. They are not merely candidates who do the job they are told to do. But they are problem-solvers, creators, and thinkers.
By acknowledging this, management will be able to develop the collective intelligence of the organization. That usually helps to get an upper hand in tackling the challenges.
Not Giving Employees Decision Making Power
Along the lines of the previous point, it is crucial to understand that good ideas can come from anywhere in your organization. Today, the workspace is evolving. An increasing number of companies are encouraging a culture of nurturing leadership among all employees.
For instance, take the case of an academic essay writing service that acts as an essay writers service. Although the company has a management team, the writers have control over their tasks.
In return, the writers make sure that they complete each order as per the requirements of the client. They are willing to take responsibility for the deliverables, thus contributing to their personal growth as well as the company’s goals.
This approach is much better than the management team trying to micromanage the employees.
The old ways of leading from the front are no longer productive in the fiercely competitive business environment. Instead, at times, the leaders might have to step back and lead from behind. This will encourage the team to innovate.
Replacing Talent With Technology
There is no question that adopting the new technological advancements can help contribute to the business. However, many companies make the wrong decision of investing only in technologies without having the right employees to handle them.
It is crucial to remember that software is only a tool for your employees. In order to tap its potential, you will need candidates with proven experience and knowledge. Even if they make mistakes, their willingness to take risks will be helpful for the company in the long run.
Focusing on Employee Performance and Incentives
Performance appraisal and its many variations might work as a shortcut, but if you are hoping that the employees will try to develop their skills only for the incentives, then you are wrong.
The majority of the performance reviews and incentives are based on judgment, and not so surprisingly, the lion’s share of the workforce despises them.
In many ways, such an approach caters only to the ‘exceptional’ employees while punishing the marginal workers. They receive no encouragement and no motivation to improve. It leads to the creation of an unhealthy work environment and professional relationships.
Moreover, reports suggest that performance reviews are often biased. They might give the employees the impression that even if they work, they will not be receiving any incentives.
Today, employees tend to invest in continuous learning and are willing to put in more work for their professional development. So, the better approach would be to offer such employees some opportunities for this development rather than slash their income.
Not Adapting to Change
Perhaps, it is the most significant point in this list. It is fairly obvious that the workforce structure and culture have changed significantly. However, companies continue to hold on to the old and dusty methods because the latter used to work once.
One of the best examples of this is the impact of the COVID-19 pandemic. Even before 2020, organizations had the resources to offer employees the option of remote working. However, many companies were hesitant.
However, the pandemic forced companies to make the switch instantly. This made the transition more difficult for both the employers and the employees.
The simple answer here is that if an ‘old’ rule is no longer working for your company or there are better alternatives, it is time for changes.
If you do not adapt, you will not be able to keep up with the competition of the young, new world. Today, people want to work for a company that offers an open, engaging, and rewarding workplace – where they and their opinions are valued.