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Global concerns surrounding the pandemic and social inequities have occupied the public consciousness – and workplaces at large – for the better part of 2020. While many high-performing organizations have done a good job of meeting employees’ basic needs of safety, stability, and security, these issues have highlighted decades-old challenges when it comes to adapting to new ways of working.
If your leadership team was considering making changes to operational structures before 2020, or if additional challenges have come to light, it’s time to seize this rare opportunity to create the new future of work by adopting more agile business practices and building an employee experience that surpasses even what you had before. Research from McKinsey & Company shows agile organizations have a 70% chance of being in the top quartile of organizational health, the best indicator of long-term performance.
We’ve identified four areas of opportunity for organizations interested in putting a stake in the ground when it comes to building the future of work:
- Compensation and total rewards
- Performance management and development
- The employee experience
- Diversity and inclusion
Let’s take a closer look.