Which elements of the work environment and employee work experience are most impacted by changes at the top.
How leaders and managers can respond proactively.
In 2014, the average term of a CEO of an S&P 500 company was 9.9 years. Succession takes different forms in different companies, of course. But one thing is for sure - it always brings challenges, including the need to keep employees engaged and enabled. Maintaining confidence in leadership and organization direction following changes in leadership is essential for sustaining engagement, with today’s employees increasingly recognizing that their job security, compensation potential, and advancement opportunities are linked to company success. And shifting priorities can disrupt established work routines and working relationships, so the need to position employees to be effective is more important than ever.
So the next time your organization faces a CEO transition, you’ll have a clearer understanding of the workforce implications – and what you’ll need to do to keep employees engaged and productive.