Benefits of Change Management
Benefits of Change Management qualification to individuals and organizations
Benefits or importance of Change Management
The benefits of Change Management in today’s dynamic world cannot be overemphasized. The world is changing at a very fast pace; thus, there is a need to adjust and adapt to new ways of doing things. All around the world, organizations seek ways to implement, adapt and manage change. Change management deals with the effects and management of change and, more importantly, the impact change can have on all organizations.
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Different categories of entities opt for Change Management for different reasons. There are two distinct categories of entities that opt for Change Management — individuals and organizations.
Individuals take Change Management for two major reasons. Firstly, they opt for Change Management to validate their knowledge and experience in implementing, adjusting and adapting to changes. Secondly, to equip themselves with the knowledge of the Change Management methodology in order to become better at delivering results.
Since different categories of people opt for Change Management, it is important therefore to discuss the benefits of Change Management in terms of benefits to individuals and organizations as seen below:
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Benefits or importance of Change Management to individuals
There are lots of reasons why individuals opt for Change Management. Below are a few of them.
Increased salary and earning potential
One of the main determinants of salary is the professional certification you have. Organizations all around undertake projects or initiatives that often require changes. These changes may include changes to processes, job roles, organizational structures, and type of technology.
Although these changes are important, it is actually the people working within the organization that will have to change how they do their jobs. If these individuals do not have the knowledge of how to adapt and manage changes, the project or initiative will not be successful. Consequently, the organization will not realize the benefits or outcome of the proposed change.
A globally recognized certification such as Change Management proves to your employers or would-be employers that you understand what it takes to successfully implement change. In addition, it validates your knowledge and experience in successfully adopting a change in order to drive organizational success and outcomes.
With these aforementioned abilities, you certainly would get higher pay from your employer. If you are a job seeker, you will be able to bargain a high salary because recruiters take a special interest in candidates who have the Change Management certification.
We are constantly being faced with changes. Whether you are an employee or soon-to-be employee, the impact change can have on you or your job is critical.
Not everyone can adapt to change. As humans, we would rather do a particular job the same way for years than to constantly change the way we work. To this end, there is a need to sharpen your knowledge and mastery of what it takes to embrace and adapt to changes. This is what Change Management is about — the effect and management of change as it affects individuals, teams and organization.
With the Change Management qualification, you demonstrate that you have the skills needed to successfully implement change anywhere you find yourself. Interestingly, Change Management is one of the most sought-after skills by employers.
Enhanced job marketability
What makes you stand out from others is your uniqueness and difference. A lot of people cannot cope with the demands brought about by change. For instance, a change in job role; a change in the type of tools and technology; a change in organizational structure etc.
Knowledge of Change Management helps individuals to not only navigate the tides of change but also be ever-ready and willing to adapt to changes. This is a not-so-common ability that employers do not take for granted.
As a result, the Change Management qualification sets you apart and gives you that edge to either get a new job or even change your job.
Communication is an important tool for making change successful. Knowledge of Change Management provides a solid foundation for communicating in a clear, easy-to-understand manner.
In addition to this, you are able to understand and speak the global Change Management language. As a result, it becomes easy for you to work with others with excitement thereby increasing your productivity.
Benefits or importance of Change Management to organizations
Organizations opt for Change Management for different reasons. Some of the reasons include:
Reduction in cost
Truth be told, change is not easy. We often hear of organizations that find it difficult to implement change. Sadly, some organizations have lost millions of dollars to poorly-conceived change initiatives. The issue here is that organizations are not clear as to what to expect when they implement a change initiative. Also, the people side of change is often overlooked.
When an organization adopts the Change Management framework, the organization sets the right course for adopting, adapting and implementing change. Also, a structured way of getting everyone involved in the change initiative helps organizations to cut down cost. Consequently, organizations can reduce their cost drastically when they implement the Change Management methodology.
Increase in Return on Investment (ROI)
Globally, organizations are concerned with their financials and strategic direction. Interestingly, organizations can only meet their strategic goals if they manage both the ‘people side’ and ‘technical side’ of the changes they want to implement.
Well-known organizations like General Electric, Amazon, Apple, etc. constantly drive change initiatives. Their remarkable successes are as a result of the harmony between the technical (project-related) and people sides of their change initiatives. In addition, these organizations continue to make huge ROI for their shareholders as they adopt, adapt and implement changes.
Research has shown that organizations that adopt the Change Management framework are better placed to achieve success. The reason for this is that the organization can develop specific actions to meet the ROI objectives. Some of these actions include driving the speed of adoption, utilization, and proficiency of the change initiative. When this is done, the organization sets a foundation for increasing its ROI, thereby increasing its profits.
Reduction in risk
Risks are associated with uncertainties. Nothing can be more uncertain than change. To add to this problem, changes come with risks. How do organizations undertake change initiatives and at the same time reduce risks?
Without the right framework for implementing change, it becomes difficult to reduce the risks associated with change. Organizations, therefore, work haphazardly without a clear goal and direction for implementing changes.
However, organizations that adopt and implement the Change Management framework can structure and align their change approaches with a clear goal in mind. In addition, the risks associated with change are tackled at various stages of the change initiative. As a matter of fact, little or no room is given for risks that can negatively impact the success of the change initiative.
Increased competitive edge
We are in the age and time where technology and advances in science are changing the way we do things. From job roles to products, things are constantly changing at about the speed of light. How organizations cope with the pace of change is a major factor that determines the organizations’ competitiveness.
To be in the right place and gain competitive advantage, organizations adopt the Change Management framework to adapt to new ways of working brought about by digitization. In addition, the Change Management framework demonstrates to people that an organization can easily adapt to new ways of doing things. Consequently, the organization gains the trust and loyalty of its customers and prospective customers.
Increase in staff productivity
It is a good thing to get members of staff to achieve a particular objective. However, it is more important to achieve the objective using the most effective and efficient ways.
When members of staff understand and apply the Change Management methodology, it becomes easy for them to contribute to the overall change initiative. Furthermore, they are clear as to their roles and what is expected of them. As a result, productivity is increased.
From the foregoing discussion, you can’t afford to waste time thinking whether you should opt for Change Management or not. The question you should be asking is, ‘when do I get started?’ In my opinion, the best time to start is now, as you can’t afford to deprive yourself of the benefits.
Please, visit our ‘Change Management training and exam’ page, or contact us today to take a dive into the world of opportunities.
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