Managing Organizational Change

If you’ve been making changes in your firm to keep up with accounting industry changes, you might learn a lesson from the study recently conducted by The Gallup Organization. The study was commissioned by Carlson Marketing Group (CMG), a world leader in relationship marketing.

CMG wanted to find the rate of occurrence for major organizational change and then look at what employers can do to help workers adjust to these changes. Many of the major changes the study targeted are prevalent among accounting firms including: mergers and acquisitions, downsizing, competition for scarce employee audiences, and increased competition in the marketplace.

The study found that companies undergoing these major changes could retain prized employee resources by implementing a change management strategy that utilizes “best practices.” Five strategies identified that helped employers halt the negative effects of organizational change were:

> Create an awareness of the impending change and tell employees “what this means to you is…”
> Encourage two-way conversation between management and employees
> Help managers develop the necessary skills to work with employees during change periods
> Provide measurement and feedback to managers and employees regarding their work assignments
> Reinforce and recognize employee accomplishments

Companies employing these “best practices” realized an increase in productivity (59%), employee morale (73%) and profitability (50%).

Upcoming CPE Webinars

Jul 16
Hand off work to others with finesse and success. Kristen Rampe, CPA will share how to ensure delegated work is properly handled from start to finish in this content-rich one hour webinar.
Jul 17
This webcast will cover the preparation of the statement of cash flows and focus on accounting and disclosure policies for other important issues described below.
Jul 23
We can’t deny a great divide exists between the expectations and workplace needs of Baby Boomers and Millennials. To create thriving organizational performance, we need to shift the way in which we groom future leaders.
Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.