Do you know how much Change is costing your business?

The cost of business change is huge!

An HBR article suggests that 70% of change fails to achieve its intended outcomes.

Of course, change is a cost; the question is – when we embark on change, do we help our people to come on the journey, or do we add to the cost by creating disengagement – a sense of unfairness, lack of control, build-up of resistance, these all add up to a hidden cost of change, that will never appear on your balance sheet. You are losing valuable time that will escalate if not managed correctly. What’s your cost of change, and more importantly, what’s your cost of doing nothing?

How much is your current or most recent change costing you?

Add your numbers to the calculator to determine how much change has cost you so far and how much it will cost if it goes unresolved:

Cost of Change Calculator

Cost of Change Calculator

This is not a scientific calculation, just a quick indicator. It may not be the total you arrive at, but it won’t be zero either; your instinct and judgment will tell you where you believe it to be on the scale.

Want to talk about how to reduce your cost of change?

When you’ve worked out the cost of change for your business, call us, and we’ll help you cut the cost whilst engaging your people as you go. Download the Change Blueprint for our take on organisational change and how you take people on the journey.

Related Content

How do I re-engage my people?

This time on the podcast, we ask a very relevant question for the last quarter of 2021, as we work through this strange lull in the pandemic, trying to act like it is over yet without being really sure that it is.

This leads to a feeling that we should be getting back to normal, yet for many going back to what they were doing still feels a way off. As leaders, how do we engage people who have lost their sense of purpose, or are having to do something slightly different as their organisation adjusts and repositions?

However, this is not just an issue that is pandemic related. Any time an organisation experiences significant change, a high proportion of people will find their purpose, their reason for being there, impacted. It may be put on hold, or changed completely, and it is the leaders who need to engage them back into the business, helping them find new meaning and motivation so that they can continue to perform.

Are poor behaviours holding your organisation back?

Want behaviour change in your company?

At Thinking Focus, we believe teams and business units underperform not by choice but because of self-imposed and organisational constraints.

We help people adopt a growth mindset that unlocks interference and accelerates the adoption of new behaviours, which leads to greater organisational performance.

Why does this lockdown feel harder?

As lockdowns continue in many countries around the world, we wondered why this time feels so much harder than the first lockdown back in March.

With their change management heads on, Ricky, Richard and Paul talk about the factors that are causing us to struggle. 

We cannot promise any answers but hopefully can shed a little light on why we might all be feeling it a little more right now.

Why do the people I am working with not get that we need to step up?

At some point in our career, probably when we feel like we are giving everything we have, someone above us in the organisation tells us that now is the time to step.  This has never been more true than this year where all of our plans have gone awry, yet we still need to close out the year and get things back on track.

Maybe you are that manager, being asked to have the difficult ‘stepping up’ conversation with your team, yet sensing that they don’t see the situation quite the same way you do.

In this podcast, Ricky and Paul explore why we all react differently when being asked to give more at work, and how as managers we can communicate better with the people around us so that they do not interpret stepping up as secret code for longer hours.

Photo by Jaz King on Unsplash.com

How do you lead out of confusion?

When things change we become a little uncertain for a while. With large scale organisational change, this uncertainty can become almost paralysing for some people, and right now we are all experiencing more change than any of us are used to. There is change both at work and at home, and it is impacted on almost every aspect of our lives.

We look to leaders to help us create certainty and stability, but how do you lead out of so much confusion?

Paul and Rob explore how leaders can bring people together and create the certainty that we need to move forward together.

Photo by Matt Botsford on Unsplash

Who wins (at work) when we when find new ways of working?

The way we work has changed more in the last few months than any other time in our working lives.  Who will be the winners?

Political styles that might have worked well in the office may not be as effective when working remotely.  However, ignoring the politics is equally as bad.   

Rob and Paul explore political styles during change, asking how do we find a balance between doing the right thing and getting what we want?

Photo by Jaz King on Unsplash

Will holding onto the past put the future at risk?

2020 has been a year of change unlike any other for most of us, with many still coming to terms with the different ways of working (and living) that have been forced upon us.  There is little sign that the ‘normality’ that existed at the start of the year is going to return any time soon.

What is the impact of this longing for a return to simpler times?  Richard and Paul discuss how leaders can help people let go and start to embrace a new normal.

This podcast was recorded while we are still in lockdown.  Like most people, we are working from home (kids and pets may appear at any time).  We are still focused on the questions that are getting in the way.

Photo by Jason Rosewell on Unsplash

How can we keep people united?

Following on from considering the pace at which change can be progressed (click here for that podcast) we are looking at how you can keep people united through uncertain times.  

Change creates plenty of opportunities to divide teams, as people become winners or losers in the change process.  How can leaders actively bring teams together as one?

This podcast was recorded while we are still in lockdown.  Like most people, we are working from home (kids and pets may appear at any time).  Apologies for the quality of one of the mics on this podcast. The perils of working without a producer.

We are still focused on the questions that are getting in the way.

Photo by Jaz King on Unsplash

Should all change be done quickly?

Many organisations discovered that they can introduce significant change rapidly when they had to reorganise their workforce to being home-based.  Does this mean that all change should be quick?

Paul, Rob and Rich explore why this change has worked so well, and ask what are the lessons we can learn from this for future change.

This podcast was recorded while we are still in lockdown.  Like most people, we are working from home (kids and pets may appear at any time).  Apologies for the quality of one of the mics on this podcast. The perils of working without a producer.

We are still focused on the questions that are getting in the way.

Photo by Jason Rosewell on Unsplash