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Home First Months Performance Management Companies need to embrace the new rules of engagement – or else

Companies need to embrace the new rules of engagement – or else

Companies are under increasing pressure from employees, and the markets in which they operate, to embrace the new rules of engagement - or become extinct.

Natalie Maroun, lead strategist at local performance agency LRMG, says that by 2020, the workplace will look and operate very differently to the way it does today.


"Fifty years ago, the workplace looked vastly different to what it does today and it is changing at an unprecedented rate. Companies that don't keep pace with changes in the market are part of a dying breed that could become obsolete in the next eight years," she says. Internationally, trends show that more women are attending university than men. Maroun says that as a result, there will be more women in leadership roles as these female graduates move up the ranks. There is currently still a slant towards placing men in top positions, but as organisations work on gender equity retention strategies, management will have to reassess their environments and adjust policies to accommodate working mothers in order to stay competitive.

Already, companies are changing their policies. For instance, risk management company, Aon, has been recognised for its flexible work programmes and commitment to empowering women by the Working Mother magazine, which named it as one of the top 100 Best Companies for 2012.

 "Also dramatically shifting the business landscape are technologies like Web 2.0, which allow techno-savvy, increasingly connected employees to become publishers of web content, and enable companies to engage in bi-directional communications with their customers and employees."Companies that don't acknowledge these market shifts risk becoming redundant. Complacency and resistance to change are already proving to have serious implications for businesses," says Maroun, citing the demise of Kodak as an example.

According to analysts, Kodak’s collapse was caused by its complacency, stifling of innovation and failure to keep up with the digital revolution. Maroun believes that these are symptoms of many flailing organisations. "Nurturing a culture of innovation, giving innovators a platform to be heard, and staying tuned to market changes and advances in technology are critical organisational qualities for the future success of all businesses.”

So, what are the rules of engagement for the workplace of the future?

Referring to the book, The 2020 workplace by Jeanne Meister and Karie Willyerd, Maroun says there are five key principles which underlie the values, brand and practices of companies which effectively engage the 2020 workforce. These principles include collaboration; authenticity; personalisation; innovation, and social connection. "Companies have become more global and decentralised, calling for increased levels of collaboration both internally and externally to bridge distances between people by the use of technology. The need to step-up collaboration with people outside the organisation, including suppliers, customers, consumers, government, NGOs and local communities, is becoming increasingly pertinent.
Organisations in services industries will have to look at placing employees in client and supplier environments in order to manage the distance barriers," says Maroun.

There is also a massive global shift of focus towards environmental awareness, corporate responsibility and social consciousness. After incidents of political excess and corporate irresponsibility, there is a greater sense of responsibility, accountability and authenticity. "As we move into the future, CEOs will need to ensure that they have aligned their organisations accordingly. Employees will want to witness their organisation engaging in responsible business practices and they will be attracted to organisations that live by an acceptable set of values and ethics."

Maroun adds that higher degrees of personalisation will be expected from organisations as people become more self-actualised and are no longer satisfied with being 'processed' collectively. Companies will have to place more focus on personalising employees' roles, career paths and goals. "Innovation, as always, will be a key feature of sustainable companies and workforces as we move toward 2020. It is what keeps businesses ahead in the marketplace and encourages people to keep advancing their skill sets. Innovative organisations are also more able to attract innovative employees who are creative and comfortable with change."

She concludes saying that workplaces will have to be vibrant and social to engage and fulfil the workforce of 2020. "Increasing social connection, whether physical or virtual, is pertinent for businesses. There is a tendency for the modern workforce to move away from work-life-balance towards flexibility. The 2020 workforce will want to have social engagements and they want to have fun. They will be more comfortable in an exciting environment where they are connected to their colleagues and have the freedom to create their own work schedule."


Author: Natalie Maroun is the Chief Strategist for the LRMG Performance Agency.