Today’s post is a great one from our friend at High Performance Consulting, Ildiko Oravecz.
“2, 4, 6, 8, who do we appreciate? You! And You! And You, too! Why? Because we’re a T-E-A-M and that spells TEAM! Go Team!”
Ok, so you don’t typically find that much enthusiasm about teams at work, but you should. In the last few years, there has been a major shift in how companies are structured. The old hierarchical, top-down system is morphing into one where employees operate in teams. The roles of CEO’s and company leaders, once considered the untouchables, are changing to roles of engaged, hands-on team leaders who offer input and value the input of team members.
“So is this a good thing?” you ask. “And why is it happening?”
Yes, it is a very good thing. Teams enable people to communicate more directly, more effectively, and more cohesively, like a tribe. They also allow for more diversity – not just racially or ethnically, but with regards to education, life experience and previous work experience. Studies show that diversity in teams leads to more innovation, more customers, and bigger profits for companies, and executives are taking notice. The Deloitte Human Capital Trends 2016 study found that the #1 issue on the minds of company leaders (92% of those surveyed) this year is how to restructure their organizations more effectively. 62% of the 7,000 businesses surveyed already have a team structure, and most of them are trying to find ways to make it more efficient. They know that doing so means happier employees and a better bottom line.
The shift to a network of teams in the workplace was brought about by a couple of factors. First, the digital age has changed how our society and businesses work. Technology enables us to work from almost anywhere. It lets us share opinions and input as soon as they formulate in our minds, with just one click. That kind of instant sharing and opportunity for feedback is a natural team builder. Technology also allows teams to be formed outside of the corporate headquarters, giving companies the ability to reach more people in more areas, to be where their customers are. Teams are invaluable for supporting that increased reach.
Second, because Millennials. Millennials now make up half of the workforce. They’re a driven generation, raised with technology from birth, and their expectations are high. They are mission and purpose-driven. They expect freedom in the workplace to do their jobs and have a healthy work-life balance. They expect to be heard, and valued for their opinions and input. Basically, they want and expect what all of us want – a supportive, productive work environment where they are appreciated. But they are the first generation to actively demand it, and if employers want to keep Millennials, they have to deliver. A team structure provides a collaborative environment where Millennials (and the rest of us) can thrive and contribute.
So if your business is still structured like one in a Mad Men episode, it’s time to rethink how you do things. Moving toward a structure where you have a network of teams will revolutionize how you do business, and give you a revolutionary bottom line.
For more information, such as an Action Corner (how can you implement this in your sales teams?), click here.