Not Every Change Should Be Embraced

Not Every Change Should Be Embraced

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Firstly, how do you handle change that you don’t want?

Not every changes will be embraced or desired.

Your organization may be making cost-cutting moves that result in the elimination of some positions, resulting in retained employees picking up the slack for those who have left. Changes might also mean the use of new software with a completely new program.

Understanding how to make things work for you even if you’re not enthusiastic about a change, is key to managing changes in the workplace. Here are some methods for doing that.

Recognize the Things You Can and Cannot Control

The fact that you have little influence over your job function, can be one of the most difficult aspects of adjusting to changes in the workplace. You have no control over a change like your corporation choosing to merge with another business.

You could occasionally be able to offer areas of input where you can at the very least, voice an opinion regarding a new procedure or workflow. However, when it comes to an already planned organizational transformation, employees frequently have little say.

When you can’t control the change, you are eventually left with two options: you can move to embrace change at work (even if it’s initially undesirable), make It your own change or you can be miserable, whine about it, and reject it, which won’t make for many nice days at work.

How to make it your own change. Click link to read more

If you will want to consider a new job, then this is will be the perfect time to learn new skills and polish your resume.

For more articles on change management. – Click to read more

Managing unwanted changes at work will be simple if you’re one of the fortunate ones . – Click link to read more

Important Stages in Change Management

3 Important Stages in Change Management That You Should Know

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Change Management

Change Management – Changes within organizations are inevitable, and these changes can have a significant influence on personnel. Employees handling change in the workplace, frequently experience a sense of helplessness, and are forced to accept the new way of operating.

The 3 stages in change management are;

  • 1. Last Stage

Loss, anger, denial, uncertainty, and frustration are some of the normal feelings that come with learning about a change. When handling change at work, if you can’t move past this phase, it may affect both your performance and sense of personal wellbeing.

The following advice can help you get over “change’s concluding stage”:

Knowing why you feel how you do, will help you control your emotions. Some of them, like a failed change initiative in the past, might be true. Others may be unwarranted, such as the worry that you won’t be able to learn the new procedure before receiving any training.

Share Your Concerns: This is the moment to learn more about the change initiative, rather than holding your worries inside. Frequently, information can allay worries or, at the very least, give you a sense of empowerment.

Keep an Open Mind: When considering how to deal with change in the workplace, keep an open mind rather than making assumptions or visualizing the worst-case scenario. Think about some likely outcomes of the change in a favorable light.

  • 2. Stage of Neutral Zone

Being in the “neutral zone” denotes getting past the first negative and resistant thoughts you had about how to handle change at work. You’ve given yourself permission to consider the potential, that the modification might enhance your productivity at work.

This period may bring a variety of feelings from all ends of the emotional spectrum. As the learning curve steepens, you could be eager to attend training for a new technique while also experiencing anxiety and perhaps fear.

Here are some pointers for moving past the neutral zone, and into a location with less uncertainty:

Ask questions: When we are uncertain about something, our imaginations frequently project the worst-case scenario. As you learn the new ways of doing things, ask questions along the way to ensure that you have the knowledge necessary to handle change in the workplace effectively.

Helping others is one approach to stop worrying about how a change will affect you. A colleague of yours may be experiencing similar worries. To make adjusting to change at work more enjoyable, offer to answer queries or to have a study session on the new procedure with coworkers.

Examine the Potential of the Change: If the change will have an influence on your day-to-day responsibilities, instead of a sense of helplessness, consider how you can implement the change in a way that satisfies your company’s demands, while also giving you some degree of control. Dealing with change in the workplace can be made more powerful by coming up with inventive ways to accommodate the transition.

  • 3. Stage of New Beginnings

Once the change has gone into effect and you are now operating in the “new method,” you often enter the fresh beginnings stage. This can result in sentiments of relief and gladness that you’ve survived, but if there isn’t consistent support, you could still occasionally experience thoughts of bewilderment.

The following advice will help you completely embrace the new beginnings stage:

Ask for Help: One of the best practices for change management is to offer support so that a change can continue after the go-live date. Ask for assistance when needed handling change at work; don’t assume you have to deal with something that may have arisen after the change went into place.

Optimize and Explore: As soon as you’ve grown used to the new routine, spend some time thinking about and exploring ways to make your new workflow even more efficient.

Create Your New Habits: When new habits are formed to replace old ones, quitting old habits is much simpler. When adjusting to change at work, be deliberate about forming routines that will become second nature to you, by developing habits around the new workflows.

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The secret to managing change at work

The Secret To Managing Change At Work

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The secret to managing change at work

Sometimes it seems like the moment you settle into a comfortable pattern at work, something ends up altering and disrupting it! You might be required to use a totally new piece of software, assume more responsibility, or assigned to a new supervisor, who is not familiar with the company’s mode of operation.

Working through change isn’t always simple. Many people react initially with fear, annoyance, confusion, or a combination of all of the above.

However, not everyone approaches change in the same manner. Both individuals who welcome change and those who are resistant to it can be found in the workplace. What’s the dividing line?

It’s frequently a combination two factors:

  1. How effectively the change team handles and communicates the change project.
  2. The employee’s personal perspective on the development.

There are some strategies you can adopt to assist you manage the process of change at the workplace, even if you can’t stop a transformation that affects your daily routine.

Adapting to Change at Work

The developer of Bridges Transition Model for change, William Bridges states, “We resist transition not because we can’t accept the change, but because we can’t accept letting go of that piece of ourselves that we have to give up, when and because the situation has changed.”

The secret to managing change at work, is realizing that there is always an emotional component to any kind of change.

Change implies an end to the way things are now done, and it’s not just a shift in the process; it’s also a change that can be extremely personal, because it entails letting go of routines and behaviors that may have developed into second nature. It entails entering a less familiar territory and having to learn specific processes all over again.

In order to effectively manage change at work, you must be self-aware of your feelings about the change and dig deeper than your initial response to learn WHY it is happening.

For instance, you might have worry about a change at work that will affect your position, making you ignore all other thing being said to you about the change.

You can assert, “Things were OK the way they were” or “I’ve done all I can, there’s nothing else for me to do.”

You might acknowledge your fear if you look deeper into the emotions that are driving your feelings and how poorly you’re adjusting to change at work.

Fear of not being able to learn the new process, or of not being able to keep up with new responsibilities, and thereby having to be relieved of the job.

These are completely natural feelings that any change management team will anticipate and address.

In order to reach the point where you can easily accept change in the workplace, you must go through a number of stages.

It’s up to you to be open to managing the shift in the workplace, ask questions to help reduce your first emotional response, and bring yourself to a position of embracing change at work.

At Prime KBS Institute’s Change Management Workshop, our subject-matter experts explore the most common factors that drive inflection points – crisis, technological evolution, process reviews, consumer habit changes, pressure from new business entrants, acquisitions, mergers, organizational restructuring, and many more. Our change management experts are trained to assist you along the way.

5 Major Key Elements Your Business Needs to Thrive

5 Major Key Elements Your Business Needs to Thrive

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Before we talk about the 5 major key elements your business needs to thrive,

What exactly makes a good team culture?

Innovation, excellence, and excellent service delivery are all wonderful shared values for team culture, these are three crucial aspects that must be imbued in every company’s team culture, regardless of the nature of the organization or the team’s function.

However, it is also imperative for you lay the groundwork for your team’s peculiar culture.

You can use the following principles as the cornerstone of a positive team culture:

  1. Communication: Everyone should have access to the knowledge they require to carry out their work.
  2. Trust: Workers are given the freedom to complete their tasks without being micromanaged.
  3. Teamwork: Rather than competing with one another, employees collaborate together to achieve a common objective.
  4. Knowledge sharing: Team members ensure that everyone has the opportunity to learn rather than hoarding knowledge, which benefits the business.
  5. Support: Employees assist one another in completing tasks as needed, reducing stress and burnout. They are responsible for benefits such as employee well-being, retention, productivity, and business performance.

With these 5 major attributes, we are close to creating our winning team.

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6 steps to improve staff productivity in the last quarter of 2022

6 Steps to Improve Staff Productivity In this last Quarter of 2022

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The success of a team’ productivity is influenced by the culture of the squad!

A formidable team culture gives your staff a sense of belonging, and direction. Higher engagements and retentions result from this common goal.

Why is workplace team culture important?

How your organization runs business, is determined by your team culture and shared values.

The culture of a team has a significant impact on its productivity. At Prime KBS Institute Limited (PKBSIL), our conducted studies have produced criteria’s that can help in developing a winning team culture, unique to different companies. These criterions include.

  • By selecting the best candidates
  • Collaborating with trustworthy clients
  • Forming profitable business alliances

All these affects your connections both inside and outside of the organization.

To know more about what team culture is – read more

Are you wondering how beneficial this will be to your company?

Incredibly so.

Creating an effective team culture for your business has the following business advantages:

  1. Employees who are more involved provide greater results and are frequently more effective and productive.
  2. Reduced Turnover: Staff who are engaged are less inclined to look for other employment, which lowers the costs associated with hiring new employees.
  3. Collaboration improves because of a culture of teamwork; this invariably gives employees opportunities to interact and collaborate on solving issues.
  4. Improve Employee Retention:  77 percent of businesses put a special emphasis on the employee experience. According to 38% of talent professionals, developing an inspirational team culture is an amazing area for growth for businesses.
  5. Increased productivity: Workers who care about the organization, its culture, and its mission are frequently more productive, enabling you to manage more work without recruiting additional staff. An inspired employee can sometimes be 125 percent more productive than one who is merely pleased, claims some studies.
  6. Opportunities for innovation exist because productive, cooperative employees frequently generate and implement innovative ideas. Your team and your company will advance thanks to this kind of innovation.

Different team cultures will yield different outcomes. Depending on what matters most to your business.

Prime KBS Institute is an organization, which has consistently assisted different organizations in figuring out which team culture best suits them.

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Buhari applauds regulators for stabilizing the banking sector.

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President Muhammadu Buhari has stated that the global economic headwinds caused by the COVID-19 pandemic and Russia’s invasion of Ukraine may have destabilized the Nigerian financial system but for the inventiveness of the sector’s regulators.

Speaking yesterday in Abuja at the 15th annual banking and finance conference of the Chartered Institute of Bankers of Nigeria (CIBN), Buhari praised the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the Nigeria Deposit Insurance Corporation (NDIC), the Security and Exchange Commission (SEC), the National Insurance Commission, and other key stakeholders for their hard work in ensuring the country’s financial system’s stability.

Mrs Zainab Ahmed, Minister of Finance, Budget, and National Planning, represented the President, who assured the entire banking and finance community that the government would continue to support the industry in all appropriate ways to ensure the sector continues to deliver on its mandates while creating value innovation for its customers.

Buhari stated that what Nigerians urgently require is a Nigeria of the future that leverages its strengths, competencies, and cultural diversity to address the challenges that plague its people, ranging from climate change to pandemics and insecurity, and that the “government will continue to formulate and implement policies aimed at promoting self-sufficiency in critical areas such as energy, agriculture, health, and technologies.”

Buhari also stated that throughout the last seven years, his administration has supported the repositioning of the Nigerian economy within an evolving Glocal (global and local) environment through numerous initiatives.

He cited initiatives such as the government’s support for Nigeria’s creative industry, indigenous small and medium-sized businesses, and the agricultural sector, which have increased the capacity of indigenous enterprises to compete with counterparts from other countries, while reiterating that current efforts would be sustained and expanded to more sectors of the economy.

Farouk Gumel, Chairman of Union Bank, who delivered the keynote address, advocated for banks to have a stronger physical presence in rural areas, saying, “there has been a lot of talk about closing branches in rural areas and being more efficient, but I think what is needed at this time is re-branching of banks into smaller entities such as rural branches that are targeted at meeting the banking needs of rural dwellers.” We no longer want large branches, but rather smaller and smarter branches whose goal will be to provide financial services adapted to the needs of rural people, the majority of whom are farmers.”

Gumel emphasized that great progress has been achieved in the last six years to bring banking to rural communities.

“In recent decades, the discussions have centered on food, agriculture, farmers, and the fintech sub-sector. I believe that there has been a lot of awareness, which has resulted in a lot of interest and investment. People talk about revolution all the time, but I believe it is more of an evolution. It is tough to change people’s attitudes overnight. Changing behaviors requires time and effort. While a result, expectations must be moderated as we work our way to our desired destination.”

Ken Opara, the Institute’s President/Chairman of the Council, stated that innovation is bringing forth new ways of doing things that are transforming the landscape of the financial services business more than ever before.

“As a result of the dynamics,” he continued, “the financial services sector will need to respond to this transition considerably faster.” Services, goods, and technical advancements that were novel and valuable yesterday will be obsolete today. It is a reality that the financial services industry has changed faster in the previous few years than at any other period in history.”

He stated that, as the world evolves, the financial services industry will need to explore innovation and reorganize its operations in order to succeed in the future.