Change is an inevitable part of any thriving business. Whether it’s new technology, shifting markets, or regulatory updates, businesses must continuously adapt to stay competitive – it’s just how the business world works.
However, implementing change isn’t just about new processes and launching new products - it’s more crucially about shifting mindsets. And even the greatest shapeshifters are challenged by transformation. Without employee buy-in, even the most well-planned initiatives can fail.
In an ever-changing world – one we all live and work in – it’s important that we continue to evolve. Having spoken with several firms recently on this very challenge (coupled with first-hand experience!), it was a good opportunity to look at some key tips to consider if it’s something your team and/or firm are facing.
One of the biggest challenges in change management is overcoming resistance. People often see change as disruptive, unnecessary or sometimes a threat to their job security – especially prevalent in these pre-AI-boom days we find ourselves in. The key to success lies in reframing the narrative - helping employees to see change as an opportunity rather than a burden.
Babs Crane, Head of Behavioural Science at BareRock explored ‘loss aversion’ as a concept in this recent Verve webinar (LINK) stating that ‘people subconsciously put more effort into avoiding losses than they do gaining benefits’. An interesting one to bear in mind for your next attitude to risk meeting… And so, leaders must communicate why change is happening - how it benefits both the business and employees.
1. Communicate with clarity and purpose.
Uncertainty breeds resistance. To build trust, be transparent about the reasons for change, the expected benefits, and the potential challenges. Use multiple channels - town halls, emails, one-on-one meetings to ensure everyone feels informed and engaged.
2. Lead by example.
Employees look to leadership for guidance – it’s an evolutionary trait back from the days of our elders. When managers actively embrace change, it sets the tone for the rest of the business and is a great way to cascade your communication. Leaders should demonstrate the new behaviours and attitudes they expect from their teams. Quite literally be a role model.
3. Codesign the process.
Change shouldn’t never be imposed from the top down. To get meaningful change that lasts, involve employees by seeking their feedback, addressing their concerns and encourage them to contribute ideas. This fosters a sense of ownership and increases commitment.
4. Live and breathe the change.
To ensure change sticks, integrate it into daily work. Adjust performance metrics if you need to, provide the necessary training and give people the necessary tools to adopt new behaviours. Small wins build momentum and encourage others to follow.
5. Reward and recognise.
Sustainable change happens when new ways of thinking become part of the company’s culture. Celebrate success stories, share positive outcomes and continuously reinforce the long-term vision. When employees see real benefits, they are more likely to embrace change.
Change management is not just about strategy; it’s about people. By shifting mindsets, engaging employees and embedding new behaviours into a business’s DNA, businesses can navigate change more effectively. When done right, change becomes not just a challenge but rather an incredible opportunity for growth and innovation.