2024 Accenture Research report features powerful stats on importance of Change Readiness

Every once in a while, we like to highlight strong research and insights from around the change management provider ecosystem. Check out this recent research report by Accenture and gain insights into the state of change readiness in enterprises around the world and measurable impact of improved change practices. Nice work, Team Accenture!

Move Over Change Management, It’s Time for Change Readiness

Change-ready organizations aren’t fearful of change and uncertainty. Instead, they're excited by the potential and possibilities they can unlock. They have the mindset, skills, and resources needed to quickly adopt or adapt to new ways of working when disruptions occur. And they’re always on the lookout for opportunities to create advantages for the business, minimize risk, and improve performance. As a result, they are more successful at change initiatives, enjoy greater innovation, growth & productivity, and are equipped to tackle the future.

Volonte Featured as a Leading Change Management Platform in Talent Tech Labs 2024 Ecosystem Report

We're proud to announce Volonte's feature in the Talent Tech Labs Talent Management Ecosystem report, under the Change Management category. This inclusion underscores our role in helping organizations navigate and thrive through change, equipping them with the tools necessary for successful transformation.

Top 5 Change Management Trends for 2024

What does 2024 have in store for change management? Last year saw the biggest-ever tech layoffs, and the emergence of an AI that can write, paint, draw and code pretty well. Uncertainty persists in the economy and is likely to remain in the foreseeable future, prompting organizations to rethink their strategies and operations. Amidst this backdrop, AI has grown into a transformative force, witnessing significant adoption across various industries. From increasing productivity to enhancing decision-making, it has woven its way into the fabric of the workplace.

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.

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?

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.

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.

How Digital Transformation Unlocks Opportunities for Sustainability

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

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.

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.

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.

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.

How Change Readiness Promotes Diversity and Inclusion In The Workplace

If you thought that diversity and inclusion was a simple checkbox left for select HR executives and multicultural marketing teams, perhaps the racial reckoning of 2020 changed your perspective. Building diversity and inclusion in the workplace isn't just the right thing to do. In fact, the business case for diversity is better understood than ever before.

All You Need to Know About Kotter's Change Model

Executing transformational change within organizations isn’t easy. To simplify this process, companies turn to various frameworks and theories that outline how to do so. The most famous of these comes from change management guru, John Kotter. A professor at Harvard Business School, he introduced Kotter’s model of change in his 1995 book, ‘Leading Change’.

Leading from the Front: How to Prepare for the Future of Work

The past few years have revolutionized the way we work. Zoom meetings and hybrid work have become commonplace, while the nature of jobs is evolving rapidly, leading to significant talent gaps. And now with the rise of generative AI paving the way for unprecedented changes in the workplace, it’s more evident than ever that the future of work will look very different from what we know today. So as a leader, how can you ensure you’re preparing your organization for the future of work?

Leading Change: 7 Change Management Skills to Develop In Your Employees

It’s no secret that companies need to excel at implementing change to thrive in today’s business environment. Successfully executing change requires a coordinated effort from everyone in the organization, not just top-level management. That’s why it’s crucial for employees to possess the change management skills necessary to participate fully in implementations — so they become change drivers instead of change passengers.

Why Leadership Alignment is Non-Negotiable in Change Management

In today’s fast-paced, technologically-driven workplace, change is necessary to keep up with the market’s transforming demands. In fact, change is a fundamental aspect of any successful business strategy, and leading organizations understand it’s not a one-time event, but a continuous process. But it’s not easy to execute.

4 Lessons From AirAsia’s Digital Transformation Success Story

It’s common to hear about the high failure rates of digital transformation initiatives from leading consulting firms like McKinsey, BCG, KPMG, or Bain & Company. Experts all agree that around 70% of digital transformation initiatives fail to meet their goals. While the numbers can feel discouraging, there are still many examples of digital transformation success stories that offer hope. AirAsia’s fight for survival through its exemplary digital transformation journey during one of the most uncertain periods in this century serves as a testament to this fact. Amid the COVID-19 pandemic when the airline industry was forced to a standstill, AirAsia faced a crucial decision – adapt and survive or fall into obsolescence. It picked the former and pivoted from being merely an airline to a Digital Lifestyle Platform, diversifying its product offering and increasing revenues.

How to Improve Change Adoption With Change Projects

Driving organizational change is no easy task, even for the most experienced leaders. While change initiatives sound great in the boardroom, they often break down during actual implementation, largely because employees are typically “passengers” with no say in planning or executing change that has major implications for them. So it’s unsurprising that they’re not enthusiastic, or even “change resistant.”

HBR Says Employees Are Tired Of Change. What Should Employers Do?

The Harvard Business Review (HBR) recently shared some alarming findings: employees are increasingly becoming tired and unwilling to support organizational change. According to a Gartner survey cited by the article, employees’ willingness to support enterprise change plummeted to a mere 43% in 2022, a stark decline from 74% in 2016. These statistics shed light on the mounting challenges business leaders face as they navigate accelerating change.

Threads vs. Twitter: 3 Lessons on Change and Disruption

If you’ve been on social media lately, you’ve probably heard about the clash between Twitter and its new rival, Threads. This is a new app launched by Meta, the parent company of Instagram, which operates similarly to Twitter and has quickly gained immense popularity. Within a mere fve days of its launch, Threads amassed an astonishing user base of 100 million. For context, ChatGPT took 2 months to reach the same number of users, while Twitter itself took over a decade to build out a base of approximately 400 million users.

How to Upskill Employees: 6 Practical Tips for Your Business

In today’s rapidly changing world, upskilling employees has fast become one of the best ways to adapt to change and remain competitive. In fact, CEOs who’ve made substantial progress on upskilling their staff were over two times more optimistic about their company's future success.

Simplifying the Lippitt-Knoster Model for Managing Complex Change

Modern workplace transformations require a complex mixture of skills and expertise to make them a reality. The Lippitt-Knoster model for managing complex change provides a detailed breakdown of all the necessary parts required to execute large, messy changes.

6 Strategies to Reduce the Cost of Change Management

In today’s world, adapting to change is crucial, but success requires using resources wisely. As businesses face the dual pressure of cost reduction and continued transformation in trying times, the question emerges: How do you remain an organization that continues to embrace change, keeping ahead of the curve, while simultaneously meeting the imperative to cut costs?

Mastering Change: The Power of Enterprise Change Management

Much like the fasten seatbelt sign on an aircraft, it seems that change is always on. As soon as you get used to one way of working or one software or one team – choppy air. Thus, to remain competitive, organizations must treat change as a process and not an event. That means you’re no longer tackling it one initiative at a time, but rather taking a comprehensive approach to change. By developing a well-thought-out, enterprise-level framework, you begin to deal with change proactively, while also developing your organization's overall change competency. So where do you start? Cue: Enterprise Change Management.

9 Myths About Digital Transformation

In a world where bytes are increasingly replacing bricks, the clarion call for digital transformation has never been louder. Companies are coming to realize that digital transformation isn’t an option, but a necessity for success. Those who fail to evolve their business models and leverage technology will not only experience stunted growth but also face the risk of perishing, unable to compete with the rest of the market.

Five Steps to Measure Change Management Effectiveness

Change initiatives require organizations to evaluate their impact on various aspects of business operations. From assessing employee resistance and measuring baseline Key Performance Indicators (KPIs) to numerous cycles of analyses and adaptation, measuring change management effectiveness often involves several intricate steps.

Why Managing Change Well is Crucial for Employee Well-Being

The success of any organization and the well-being of its employees are inextricably linked. Like a healthy body is made up of healthy cells, the lifeblood of an organization is spirited employees. The workplace is not merely a collection of desks and computers but a vibrant ecosystem where individuals invest a significant part of their lives. For an organization to thrive, it's essential that each employee is seen first as a human and a valued contributor to its larger vision.