Talent Adaptability:
According to a study by McKinsey, employees with high adaptability are 2.5 times more likely to have higher performance and contribute more to the organization’s success.
Addressing employee burnout: Are you solving the right problem? | McKinsey
Future proof: Solving the ‘adaptability paradox’ for the long term | McKinsey
According to a study by McKinsey, employees with high adaptability are 2.5 times more likely to have higher performance and contribute more to the organization's success. Adaptability is a critical success factor during periods of transformation and systemic change. Here are some key points from the study:
- Higher levels of adaptability are associated with greater levels of learning ability, better performance, confidence, and creative output
- Adaptability is linked to higher levels of social support, overall life satisfaction, and psychological and physical well-being.
- Building adaptability into a skill that becomes part of the organization's core is important. This can be done by emphasizing well-being and purpose, practicing an adaptive mindset, building deeper human connections, and creating a safe environment for learning.
- Adaptability operates and drives results at four distinct levels: individual, team, organizational, and ecosystem.
The study suggests that organizations should address the need for connection and well-being among employees by building adaptability as a skill. This can help turn adversity into a learning opportunity and create an environment where relationships can thrive by investing in capability-building programs and tracking progress frequently, organizations can cultivate adaptability as a core competency. Overall, the study highlights the importance of adaptability in driving employee performance and organizational success. By fostering adaptability, organizations can better navigate change, improve employee well-being, and create a more resilient and thriving workforce.
Rapid Change:
The World Economic Forum (WEF) reports that 50% of employees will need to be reskilled by 2025 due to rapid changes in technology, market demands, and new ways of working.
WEF_Future_of_Jobs_2020.pdf (weforum.org)
Productivity:
Highly adaptive, resilient workers are 45% more likely to report high levels of productivity compared to those with low resilience scores
ADP Global Workplace Study 2022
Change Readiness:
66% of EMEA and APAC CEOs cited agility and openness to change as critical qualities in a disruptive world.
Resilience and Engagement: Roughly 50% of the variance in (employee) engagement is explained by resilience. (ADP Research Institute)
Workplace Resilience Study | 2020
Innovation: The most innovative companies produce greater shareholder returns and build resilience and advantage through innovation. BCG’s 2023 global survey highlights the advantages of innovation and how leaders are outpacing others by using tools whose importance is climbing fast, such as M&A, portfolio planning, and AI. A growing number of companies are beginning to recognize theadvantages of innovation, with 79% ranking it among their top three priorities. (Boston Consulting Group)
Advantages of Innovation - 2023 Most Innovative Companies | BCG
Well-being:
42% of organisations are providing more line management training to support employee wellbeing.
Health and wellbeing at work 2022: Survey report
Leadership:
Companies with leaders that can double the rate of engaged employees achieve 147% higher earnings per share than their competition
Gallup: Why Great Managers are so Rare.
Career Mobility:
83% of employees believe being adaptable/flexible will be important to their career in the next five years.
PwC’s Global Workforce Hopes and Fears Survey 2023
Reskilling:
68% of workers are aware of coming disruptions in their fields and are willing to reskill to remain competitively employed.
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