The Importance of Change Management
Change at the enterprise level can impact employees across countries, offices, divisions, and levels. In other words, change impacts a lot of people. It also impacts your business’s success as the highest level.
Just look at the numbers:
- Employees suffering from change-related stress perform 5% worse than the average employee.
- 70% of organizational attempts to drive change fail.
- Companies with good change management practices are 3.5x more likely to outperform their peer organizations.
- Companies with a change management approach have 2.5x greater financial returns.
The importance of communication in change management cannot be overstated. Communicate the change proactively, clearly, and consistently. You’ll ensure every employee across your organization understands what’s happening. Once employees understand, they can accept. Once they accept, they can adopt.
We’ve outlined five ways to communicate your change below.
We’ve also drafted a full guide to global change management. Download it here.
