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 they organisations increasingly need:
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.
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).
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:
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.
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:
For examples of articles on Digital Transformation please view our partner site here.
Rialto reviewed the strategic ambitions of the company and through some accelerated weeks of analysis, established the gap between the current workforce capabilities / key competencies and their ability to meet the ambitions of the firm.