Leaders must embrace radical transparency and resilience to navigate organisational changes effectively this financial year.
In Short:
Effective leadership during financial challenges requires clear communication and team engagement, according to Beth Hope. She recommends three strategies: being present, continuous learning, and maximising energy to foster resilience and achieve micro growth.
As organisations navigate redundancies, hiring freezes, and restructures, effective leadership and team engagement become essential in the new financial year.
Beth Hope from &Hope Coaching discusses radical transparency in leadership, which is crucial during challenging times. This approach involves clear and honest communication to prevent damaging rumours and ensure team engagement.
Leaders can build resilience through three main strategies. First, being present is vital, as it’s easy to dwell on past mistakes or future worries. Asking what is going well and identifying areas for improvement is key.
Second, continuous learning supports resilience, whether through micro-learning or additional courses to enhance skills.
Third, maximising energy is important. Simple actions like taking short walks can boost mental clarity. Leaders should schedule strategic meetings early in the day when mental capacity is at its highest.
Beth also highlights the importance of setting achievable goals, suggesting that focusing on micro growth can create momentum. By encouraging small wins, team members remain engaged rather than distracted by long-term strategies.
Human-centred restructuring can further enhance outcomes. When employees feel involved in decision-making, they are more likely to commit to changes. Co-creating with teams fosters engagement and collaboration during challenging transitions.
