The evolution of management roles in the new decade
With the onset of the new decade, the business world is rapidly transforming. This is mainly due to demographic and rapid technological changes. So, what does it mean for leaders in various industries? The answer lies in new challenges and opportunities that extend beyond the physical workspace. The disruptions in structure and the functioning of teams mean managers need to change, too.
In a recent assignment, I got a chance to work with a dedicated team that was stationed at a client’s office. It was an experience that not only gave me a fresh perspective on leadership but also highlighted the new opportunities that come with it. At the end of it all, we successfully managed to overcome these hurdles and managed to crown the success with an award at the PRCA 2020 Awards.
Today, I’ll take you through some of the challenges that the modern-day market presents for leaders.
Workplaces are diverse. It’s no surprise that some managers are leading as many as five different generations in one single team as well as people from various nationalities and of different age groups. Irrespective of the industry, the modern day workplaces are diverse and will continue to be so in the years to come.
Shorter employee tenure
Managers are leading people with short tenures, as people don’t aspire to be lifelong employees. Gone are the days when people chose to spend decades with the same organisation. Modern employees aspire for change and new challenges.
Less hierarchy, more collaboration
In previous decades, management was about stern hierarchies, top-down decision making, and scientific management. But today, the workplace continues to progress. We’re steering away from rigid, management approaches. Collaboration is the key, along with the traditional elements of management, targets, training, and feedback.
Workplaces today and in the future will value employee engagement as much as performance management; the leaders of the future will recognise and embrace different points of view. These structures also mean that leaders are less likely to govern several tiers of managers below them.
In the next blog, we’ll discuss how the steps you can follow to future-proof yourself as a leader in any industry.