Change is the new constant and only certainty

Our award-winning change management methodologies assist organisations to achieve successful transformation.

Mastering the art of change successfully is now a critical competitive advantage. To do this the organisations increasingly need:

• Transformational leadership capability
• The right people in the right roles
• To develop a high performance, high productive culture

The average organisation that Rialto speaks to has undergone at least two core business changes in the last three years, with over 50 percent expecting to go through more change in the next 12 months

Rialto is at the forefront in providing insights on transformational change. We co-shape solutions that re-define business strategy, leadership alignment and people behaviours to ensure continued organisation impact and growth.

We have extensive knowledge and experience of dealing with transformational change where organisations have been impacted by a range of factors. These include mergers, acquisitions, digital transformation, external market dynamics and new business model imperatives including new technologies, automation and AI options.

Transforming the performance culture (TPC)

An alternative methodology for implementing change

Many organisations struggle to achieve their overarching goals because their employees are disengaged and do not share the vision and aspirations of the senior leadership team. The fast-paced business world in which we all operate heightens the risk of this misalignment as organisations take measures to ensure they are fit for the future.

Transformation is a business imperative for many organisations but several studies have highlighted that traditional models of restructuring haven’t delivered the projected results. Moreover, employees often feel the change is forced upon them at the expense of the company’s drive to remain competitive. Rialto set about devising an alternative change management methodology called Transforming the Performance Culture (TPC).

Why is TPC different from other methodologies

TPC sets out to align a workforce and its skills and behaviours with the overall mission and strategy of the organisation, therefore enabling increased productivity and improved performance. It has been proven in projects across the UK and Europe and can lead to a 70-80% step-up in performance and an average of 12% sales increase and 8% increase in profit. It also typically delivers 25% improvement in engagement, alignment and agility.

It can be applied to help execute a desired business strategy or to reset the culture and capability of an organisation. Many clients have used it as an alternative to traditional restructuring or redundancy programmes where it has proven to be far less disruptive. TPC’s methodologies help to engage those employees that are the right fit for the organisation while facilitating a dignified self-selection option for those who aren’t.

Typical challenges that Rialto encounters in TPC projects include:

• The accelerating pace of change is leaving some individuals behind
• Individuals can develop coping strategies which ultimately lead to dysfunctional and disruptive behaviours
• Individuals become ‘cannot do’ rather than ‘can do’ as they struggle to adapt to changing circumstances
• Leaders do not have the skills to confront personal productivity issues that would lead to a step change in performance
• Leaders fail to identify operational dependencies that are conjoined with individual change requirements impeding improvement practices that will deliver operational and cost benefits.

At a time when many businesses are having to re-shape and change business models as well as adapt and change product and service offerings, the scale of change increases the risk of the above occurring and, if left to fester, can have an extremely negative impact on performance.

Ensuring organisations are fit for the future

TPC is based on five years’ of research and offers organisations a fast and less painful way of adapting to new market conditions. Its benefits include:

• Creating a more customer-centric culture with greater agility
• Revitalise and align individuals and teams to secure short-, medium- and long-term deliverables through increased performance
• Retaining and engaging high performing and high potential employees and while facilitating the self-selected exit of those who will not or cannot engage with the emerging new world realities
• Enable leaders to take greater ownership and drive step changes in performance through the organisation
• Restructure or reduce headcount at a fraction of the usual cost. Savings can run from 40% to 100% of normal change costs
• Protect and enhance reputation as an employer of choice and therefore increasing the chances of attracting rare talent
• Identify how to operationalise the espoused benefits of a change programme and create a culture of continuous performance improvement and lowered/realigned operating costs.Change is difficult for those working at every level of the organisation and, as we progress into the Fourth Industrial Revolution, the need for new processes, new skills as well as new job roles, will continue to arise. Companies will find themselves having to change what they do and how they do it on a regular basis. Rialto helps organisations implement TPC so they can do the groundwork to become far more future-proof and continually adapt to what is happening around them.

For examples of articles on Digital Transformation please view our partner site here.