According to the Human Team study, more than 70% of job dropouts they are due to the personality of superiors and their mismanagement of talent. Therefore, leaders are responsible for setting objectives, motivating team members, acting with determination, instilling the spirit of work and representing the culture of their company. For this reason, any business, regardless of its size or sector of activity, needs to apply business management to be competitive and achieve success.
Effective business management allows designing goals and establishing strategies that promote the proper development and growth of the company. According to the Return on Culture report, by Grant Thornton and Oxford Economics, organizations with a healthy company culture are more likely to report average revenue growth of more than 15%, outpacing their competitors by 35%. This must be done in the different areas, transversally and adapting the plans to the new needs of the organization.
The Talent management is one of the main concerns for business leaders, because companies have difficulties to fill critical positions. According to Mercer’s 2022 Global Talent Trends study, 89% of executives believe the loss of talent has affected their organizations, and another 66% believe they are facing a shortage in the labor market. “A company is only as good as its talent, and its talent will only be as good as its strategy. Therefore, the leader of a company is responsible for driving innovation and growth in his organization, keeping all members working together towards a common goal. reveal sources of TBS Education-Barcelona.
Trends in business management for the new generations
The development of management It has specific objectives that will mark the next years. These purposes are intended to promote the well-being of workers and thus improve the performance of the company. For this reason, TBS Education-Barcelona presents the trends of this sector before the incorporation of new talent and new generations:
- Focus on worker experience: The new generations want a balance between work and personal life, looking for companies to care about their well-being. Therefore, it is necessary for companies to adopt measures to improve the employee experience, creating a comfortable, stimulating and stress-free workspace. Some of these techniques can be flexible work hours, wellness programs, team building activities, remote work options…
- Offer technological skills: Technology is an integral part of the life of the new generations, and businesses are beginning to adopt new technologies to improve efficiency and productivity in the workplace. This includes the automation of processes, the use of artificial intelligence, databases, mobile applications and the implementation of digital tools for teamwork and communication.
- Shift to inclusive and empathetic leadership: The new generations look for leaders who inspire and guide them, and companies are adapting to this change in leadership. The key to inclusive leadership lies in the recognition that all people have different abilities, talents and needs, valuing the uniqueness of each member to achieve more positive results together. This can include creating a company culture where everyone is heard and respected.
