Fierce, Inc., an award-winning
Halley Bock, CEO and president of Fierce, Inc., says “Over the course of 2014, we will see new approaches to management and employee communication evolve in business-altering and business-bettering ways.”
Here are some of Fierce’s predictions:
- Hierarchies will disappear. Many organizations are doing away with tiered managerial hierarchies and adopting “holacracies,” in which authority is evenly distributed across all employees rather than a few leaders. Think about it: How can you grant employees more authority and autonomy?
- Flexible work arrangements will be needed to retain employees. Specifically millennials—who will comprise a large portion of the workforce—will commit to companies that offer that perk. Expanded flexibility, including schedules, locations, and a variety of assignments and roles within the organization will be more appealing than compensation to many new workers. Think about it: Are you offering flexibility? Can you offer more?
- Annual will move to real-time conversations. Organizations will focus more on offering ongoing feedback to correct problems and improve morale and performance, as opposed to evaluating feedback only once a year. Think about it: Do you offer regular and ongoing feedback?
—Adapted from “Fierce, Inc. Predicts Drastic Changes to Traditional Business Structures in 2014,” www.fierceinc.com.