3 Unexpected Advantages of Upskilling and Reskilling Your Workforce

Keeping up with the pace of new technology is a challenge for most organizations, but one that is more important than ever. Although tech advancements have increased productivity, growth, and innovation, they have also created a skills gap — a difference between the skills needed for a job and the skills employees actually possess. A World Economic Forum study found that 40% of core skills today will change by 2025 and 50% of all employees will need to reskill. By the time 2025 rolls around, we’re confident that these numbers will look entirely different! The workplace is shifting that fast.

5 Practices for Effective Change Management Communication

Change is a constant in today's fast-paced business world, and managing it effectively is essential for any organization's success. However, successful change management isn't just about implementing the right processes and systems; it also requires effective communication. It’s key to ensuring that everyone in the organization understands why change is happening, knows the benefits, and is able to embrace the change while taking on the challenges. In fact, research shows that communication is one of the most critical factors in achieving successful change management.

5 Keys to Successful Digital Transformation

Is your organization struggling to successfully implement digital transformation? You’re not alone. Less than 30% of digital transformations succeed. Of these, only 16% of organizations are able to improve performance through digital transformation and sustain these changes over time.

Here’s How You Can Get Your Organization Ready For Change

The 2020 pandemic might (finally) be old news, but it’s taught us an unforgettable lesson: change really is the only constant. With rapid technological disruptions, changing customer demands, and shifting economic situations, companies and employees have had to reinvent themselves to stay relevant, remain productive, and grow in a fast-evolving world.

How Digital Transformation Unlocks Opportunities for Sustainability

Remember when Elon Musk first (in)famously sent Bitcoin prices falling 15% with this tweet?

Facing a Talent Shortage? Internal Mobility Can Help.

Businesses around the world continue to face the challenge of a global talent shortage. 75% of companies report that they experience talent shortages. By 2030, this shortfall of over 85 million skilled workers could cost businesses $8.3 trillion in annual revenues if the situation is not addressed.

5 Everyday Actions That Inspire Employees to Embrace Change

As a senior business leader, you know that embracing change is a must in today's fast-paced business environment. To stay ahead of the curve, companies must be agile and innovative, harness technology, and create new opportunities. Unfortunately, this is easier said than done. Implementing change is notoriously difficult for organizations, largely due to resistance from employees who aren’t equipped with the right mindset and skills for embracing change in the workplace.

Want Successful Digital Transformation? Don't Ignore Your People.

When you think of digital transformation, your mind might immediately jump to questions about the right technology, expected outcomes, and cost. But the truth is, the most common error companies make during one is ignoring the people side of change. And it’s an expensive mistake. 70% of digital transformations fail to meet their goals, largely due to people-related factors. That means of the nearly $1.6 trillion spent on digital transformation in 2021, a whopping $1.11 trillion didn’t translate to intended results. Why does this happen?

12 Change Management Statistics Senior Leadership Should Know

From digital transformation to changing customer demands, new employee expectations to a reckoning with the climate crisis, the world today is changing faster than ever. To keep pace, organizations must learn to adapt to rapid disruptions and turn them into market opportunities for their businesses.While the urgency of strengthening their company’s change competency is apparent to forward-looking leaders, not everyone in the organization grasps the value. Aligning other company leaders to the importance of a proposed change (not to mention employees!) takes time and effort. To make things easier, we’ve curated 12 core statistics about change every senior leader should know. Now you can focus on making your case effectively — without worrying about hunting down the numbers across reports to back you up.