Microcultures: The Latest Trend That Can Impact Business Success | Insurance business America
The companies said they needed to leverage “employee expertise” to fuel their advancement
Business strategy
By Dexter Tilo
HR leaders around the world need to build a “people expertise” capability as so-called microcultures manifest themselves in organizations.
People competency refers to the “knowledge and understanding of how to develop, motivate and deploy people to achieve business and human outcomes across the talent lifecycle,” according to Deloitte’s 2024 Global Human Capital Trends.
This skill becomes critically important given the emergence of so-called microcultures within organizations, one of the most difficult trends for leaders to navigate.
“Microcultures reflect the subtle differences in the way work is done across teams, functions and regions and are an important way for companies to get closer to and respond more quickly to the people they serve “ says the Deloitte report.
The rise of microculture
Deloitte’s survey of over 14,000 respondents found that microcultures are gaining increasing recognition and the majority agree on their benefits.
In fact, 71% of over 14,000 respondents across the globe conducted by Deloitte said that “focusing on individual teams and workgroups as the “best places to foster culture, flexibility, agility and diversity” is very or critical to their success ” is.
Among the 50% of executives surveyed also admitted that an organization is “most successful” when there is a moderate level of variation.
Deloitte also found that organizations that adopt microcultures are 1.8 times more likely to achieve positive human outcomes. They are also 1.6 times more likely to achieve desired business outcomes, according to the report.
Promotion of microcultures
According to Deloitte, coordination between organizational leadership, team leaders and HR is required to help microcultures thrive.
“Organizational leaders may fear that recognizing and promoting microcultures will cause the organization to lose its identity or focus as microcultures proliferate,” Deloitte said.
“However, thoughtful use of new data and technology to understand diverse microcultures, coupled with empowering managers to ‘own’ their respective cultures, with a borderless HR approach to employee expertise can help strike the right balance between control and Finding empowerment.”
According to Deloitte, failure to embrace microcultures is likely to create a divide between employees and leadership that holds the company back.
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2024-02-07 18:24:18
www.insurancebusinessmag.com
