What are the benefits of change management?
Change is accelerating — and there’s no sign that the disruption to organizations will stop in the near future. Organizations that aren’t equipped to manage change are likely to have upset employees. These employees are likely to become less productive and may even leave the company.
When organizations implement a sound change management process, they’re likely to see a number of change management benefits. For example, employees will be more prepared for the change, and there will be less resistance. You can also prepare your organization by ensuring your team has the right skills to manage the change, whether through upskilling, reskilling or hiring.
Additionally, change management benefits the organization as a whole. Effective change processes help organizations transform more quickly. Further, a formal change process helps leaders predict the costs of change. They can also build acceptance of change, so they won’t waste resources on changes that employees resist and reject.