A new study recently revealed that more than 54% of employees feel that leaders at their company were incapable of managing their employees. That’s according to a survey of 5,400 executives and employees in 27 countries conducted by business software company SAP and global-forecasting company Oxford Economics. More importantly just looking at South Africa, only 35% of employees say leadership at their company is equipped to lead the company to success.
Companies frequently say they want to strengthen their leadership team, yet much of the research shows that corporate leadership capabilities are in fact dropping. The biggest challenge seems to be that leadership, like the work environment has changed considerable in the last couple of years. It’s now not just about business skills, but others factors like global awareness, innovation, and the ability to make quick decisions which are all becoming more and more important.
The study revealed that the most important benefits and incentives to South African employees are: bonuses and merit-based rewards (63%), competitive compensation (62%), and supplemental training programs (42%).
Although South African executives believe that they offer sufficient training and development for their employees, the survey revealed that only 30% of employees say their company provides the right tools to help them grow and improve job performance.
The workplace of the future will be the most diverse the world has ever seen. Research shows priorities shifting as economies rebound globally, and companies lag in understanding these changing dynamics.
It’s important to consider the key trends as outlined in the infographic below to help you make the changes your company needs to move successfully into the future.
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