Leadership will become even more important to organizations in the future, not only for revenue but also team management, caring for the well-being of their team, encouraging them to learn and grow, and putting the organization's culture into practice. The term "leader" commonly means a "chief". But leaders won’t always need to be appointed. 83% of executives view leadership as a quality of employees at all levels.
McKinsey outlines 5 key shifts from positional leadership to behavioral leadership for the well-being of employees and organizations:
1. Change of purpose: from profit-making to creating new possibilities and positive outcomes for all stakeholders.
2. Shifting values: from competition and planning to win to creating things together.
3. Management style change: from command to cooperation.
4. Change the way it works: from controlling to getting the desired results, with coaching to learn, change, discover new things.
5. Change the way you present yourself: from conformity to meeting expectations and sincerity.
Leaders also play a crucial role in driving a culture of Diversity, Equity, Inclusion, and Belonging (DEI&B) within teams and organizations for employees to feel their self-worth, feel respected and feel supported. According to the survey, 76% of current employees expect more mental support within their organization. 47% feel more motivated to work when they feel part of the organization.
This will be a transition from an era of individual leaders to an era of networked leadership teams driving the organization.
Implications for the future:
- Future organizations will pay more attention to measuring employee leadership to find links to productivity within the team job satisfaction and the financial situation of the organization.
- Human resources will give more importance to supervisor positions to ensure leaders not only manage teams but manage them to have good health and be ready to be a high-potential workforce.
- Training of executives and supervisors will gain more importance in both real-world learning and virtual simulations.
- Organizational leadership has changed to influencing others to drive the organization in the desired direction.
Reference:
-The future of HR: From flux to flow https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2022/11/the-future-of-hr-report.pdf
-New leadership for a new era of thriving organizations https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/new-leadership-for-a-new-era-of-thriving-organizations?stcr=5790D3BDFB2247C39DC961247178D9EB&cid=other-eml-dre-mip-mck&hlkid=56c4ae2896d84763b47374e6d97cdd29&hctky=13826652&hdpid=244ef64e-d71b-4214-87cd-250f79c04901
-How to Measure Diversity, Equity, Inclusion, and Belonging (DEI&B) https://www.ukg.com/blog/employee-experience/how-measure-diversity-equity-inclusion-and-belonging-deib
-The impact of leadership on employee well-being: on-site compared to working from home https://doi.org/10.1186/s12889-022-14612-9
-Future of Jobs Report 2023 https://www3.weforum.org/docs/WEF_Future_of_Jobs_2023.pdf?fbclid=IwAR0DxiDCwvwwAwXJBaoiprNaw9YMI3LIZ-m5Ew-gEsXU-KV0DLNB4-4Yjig
-Employee Wellbeing Is Key for Workplace Productivity https://www.gallup.com/workplace/215924/well-being.aspx
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