The new year has begun and with it come a lot of changes to which business leaders will need to adapt. Last year saw a marked shift for many companies with the move to a hybrid or fully remote workforce post-pandemic; now that these companies have begun to settle into this new “normal”, it’s time to start thinking about what these changes mean for other aspects of your business — whether you have been one of the companies to go remote or not.
In this new era of increasingly complex workforce dynamics, we must redefine what it means to be a leader. This requires that everyone from the c-suite to your front-line employees begin embracing new leadership skills as they adapt to a rapidly changing business environment. One of our primary goals at Vaya Group is to keep you up to date on the latest trends, how they will impact your business, and what you can do to prepare and adjust accordingly. We believe these are the top five leadership trends to be aware of in 2023:
The Talent Challenge
AI (Artificial Intelligence) is no longer a thing of the future. It’s becoming more prevalent in our everyday lives and, as a result, businesses are increasing speed and reducing manual tasks with the help of AI. This presents the need for up skilling, reskilling, and recruiting new people. Additionally, employees don’t just want to go through the motions — they want to be fulfilled by their work. This requires providing opportunities for your workforce to grow and learn in a value-oriented environment.
More Focus on Employee Retention and Satisfaction
Once you have the right employees on staff, it is more important than ever to retain those employees. And, although it’s true that “money talks,” we are finding more than ever that it requires strategies beyond offering competitive wages to keep your employees happy. In 2023, we encourage you to create programs and policies that address the needs of your workforce such as wellness programs, work/life integration, and improved health benefits.
The Evolving Role of Middle Management
In the past, the primary role of middle management was to manage employees and provide performance feedback. The role of middle management has since evolved into one that is more involved in the work, successes, and challenges of their teams. Middle managers can no longer simply manage and evaluate their employees. Compassion, empathy, and understanding go a long way toward establishing a mutual trust and respect between middle managers and their team members.
Increased Importance of Diversity and Inclusion
Don’t confuse creating a company culture with hiring only one type of person. Although it is helpful to promote certain values within a company, hiring individuals on the basis of building a homogenous workforce will not encourage diversity in the workplace. Hiring unique individuals who don’t necessarily fit in with the majority of your employees can be beneficial. Enable idea-sharing and consider developing ERGs (employee resource groups) to help when making hiring decisions that will ultimately diversify your workforce.
Accessibility in the Workplace
Regardless of the working environment you’ve established — remote, hybrid, or in-office — it’s crucial that your approach be decisive and consistent. There are plenty of tools that can help to support a remote working setup but, at the end of the day, some businesses simply require and greatly benefit from employees being in-office. The more important point is that you are aligning the right business tasks to the right employees based on an understanding of their key strengths. It’s also vital that you always ensure your employees have full access to the benefits of your workplace.
Vaya Group has developed Vayability, a virtual talent development solution that is built to help you unleash the full potential of your employees throughout these complex and changing times. Constantly evolving workplace dynamics and environments don’t have to be overwhelming or scary. Vayability combines Vaya Group’s certified coaches with scientific research and best practices to support you as you build a successful company with equally successful employees. If you would like more information on Vaya Group or Vayability, give us a call at 630-906-3046 or fill out our contact form today and one of our experts will be in touch soon!