Navigating the Modern Workplace: A Simple Guide for Business Leaders
Haryo Suryosumarto
Strategic Transformation Advisor for CEOs ? Practical and Adaptive Solutions in Aligning Leadership, Culture, Engagement, and Recruitment for Sustainable Business Growth
In today's fast-paced business world, leaders face a pressing challenge: retaining top talents in their organization.
With over half the global workforce eyeing to quit the organization, it's time for a wake-up call.
Every business owner and corporate leader should pay attention to this concise guidance, which I wrote based on various credible expert resources.
The Global Job Shift
Gallup's State of the Global Workplace: 2023 Report's finding is obvious: the job market is evolving rapidly.
Post-pandemic dynamics have created a talent-hungry environment, with job listings skyrocketing. Employees now have the upper hand, seeking roles that align with their values and aspirations.
Leadership: The Make or Break Factor
A study by Habtamu Kebu Gemeda and Jaesik Lee offers a crystal-clear message: leadership style is getting more and more critical.?
Gemeda and Lee quoted the Full Range Leadership Theory of Bass and Avolio, which distinguished three groups of leaders in behaviors/styles: transformational, transactional, and laissez-faire
Transformational Leadership: Leaders who advance and propel their followers by anticipating and communicating appealing visions, common goals, and shared values, as well as by setting an illustration of the requested behavior.
The aspects of transformational leadership are:
Transactional Leadership: An exchange between a leader and team members that gets the follower to do what the leader wants, but isn't meant to make the follower passionate about the goal of the job itself.
Laissez-faire Leadership: This is characterized by non-involvement, showing little care, being absent when needed, and overlooking achievements and problems as well. It is a style of leadership in which leaders offer very little direction and allow group members to make decisions on their own.
Company Values: More Than Just Words
Your company's values aren't just a poster on the wall. They're the heartbeat of your organization.
Employees are drawn to companies that don't just state their values but live them daily. It's about authenticity, and it's non-negotiable in today's discerning job market.
The Road Ahead: A Holistic Strategy
To thrive in this new era, leaders must adopt a dual approach:
Defend and Retain: Build genuine relationships with your team, especially top talents. Regular check-ins and understanding their motivations or career aspirations can prevent unexpected departures.
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Attack and Recruit: Be proactive. Sell your company's values and culture for everybody out there to know, and don't just let everybody knows about the job vacancies in your company.
This is where employer branding efforts would be the key to attracting highly qualified talents that fit your company's culture and would be important parts of the company's growth plan in the future.
If they don't know your company's values and culture, no matter how famous your company is in the market, you will rarely attract top talents who have an interest to join your company.
A Universal Truth
The impact of leadership on employee outcomes is consistent across borders, from America to Africa to Asia (including Indonesia).
This isn't a regional trend; it's a global truth.
In Conclusion
Leaders, it's time for self-introspection.
The modern workplace is a complex tapestry of evolving job markets, leadership dynamics, and deeply-held company values.
To survive and thrive, it's time to adapt, evolve, and lead with authenticity and vision. Simply because the future of your organization depends on it.
Don't let existing top talents leave your company, and do whatever you need to do to let top talents available in the market aspire to join your company.
It starts with a difficult question: "Do I have what it takes to be a great leader and move this company forward?"
I will conduct a full-day leadership workshop for business owners and corporate leaders that will be held on Saturday, September 23, 2023, in Jakarta.
While most programs offer a one-size-fits-all approach, our workshop recognizes that effective leadership is contingent on context.
Our workshop will help you understand and adapt your leadership style based on different generational traits and unique characteristics within your team which is based on actual data analysis gathered from your team members before the workshop.
Interested to get more information and pre-register to get a massive special discount of Rp 1,5 million?
Visit our website to learn more!