
Building a Change-Ready Workforce: Preparing Your Workforce for the Future
A lack of workforce change readiness and can negatively impact employees and their organizations. The pace and intensity of change is only growing, and the costs of poorly handled change are sobering. Unfortunately, many companies are struggling to prepare their workforces to be ready for change. Take, for instance, failed large-scale IT change initiatives, which drain U.S. businesses of a jaw-dropping $50-150 billion annually. This is not a trivial amount. When businesses fail to adequately prepare their workforce for change, they face a trifecta of damaging consequences: project failures, severe drops in productivity (ranging anywhere from 5% to 60%), and, perhaps