Wednesday, February 1, 2023
  • About
  • Advertise
  • Careers
  • Contact
Business News from India
  • Home
  • Business
  • Technology
  • Fashion
  • Health
  • Travel
  • Startup Stories
  • Login
No Result
View All Result
Business News from India
Home Business

Experts warn that Elon Musk’s leadership style is bad for business and mental health

admin by admin
November 21, 2022
in Business
0
Experts warn that Elon Musk’s leadership style is bad for business and mental health
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Experts say Elon Musk’s iron-fisted tactics on Twitter are inhumane and dangerous, plus they’re against … [+] the essence of modern workplace research.

FilmMagic

Chaos continued to erupt as employee rallies exited Twitter on November 17 following Elon Musk’s ironclad demands. He gave workers until 5pm to decide whether to quit or stay and work “long, high-intensity hours”. Meanwhile, major corporations like CBS suspended their Twitter accounts due to the troubled reception and uncertainty about its future. Musk has used the kind of repressive leadership tactics that caused workplace disruption after the pandemic — the opposite of what experts are calling for to repair the workplace havoc and heal the mental health challenges the pandemic caused.

Workplace leadership experts claim that so far Musk’s leadership style is heading in the wrong direction. In a recent Forbes.com interview, Jenn Lim, CEO of Delivering Happiness and author of Beyond Happiness: How Authentic Leaders Prioritize Purpose for Growth and Impact, told me Musk is treating people as collateral damage instead of human beings, forgetting basic human decency in the way he’s handling layoffs. Lim’s assessment raises the question of what impact his inhumane actions will have on the employees’ already battered mental health. Others worry that copycat executives will mimic Musk’s tactics to get a bigger bang for their buck at the expense of employees’ mental health.

Related posts

Business update on Casey’s issues

Business update on Casey’s issues

January 31, 2023
Alana Alsop joins McKissack & McKissack as DMV Director of Business Development

Alana Alsop joins McKissack & McKissack as DMV Director of Business Development

January 31, 2023

The world’s richest man’s latest back-to-office strategy flies in the face of many other leaders, who also insist remote working is the way of the future and here to stay. Steve Black, Topia’s chief strategy officer, says the all-in-office policy is a risky talent strategy for other companies to adopt. “For Elon Musk to force employees back into the office full-time is a risky talent strategy because it will likely lead to many employees leaving for more flexible work,” Black said. “In our recent Adapt survey, we found that 65% of employees who are forced back into the office full-time say they are more likely to look for a new job; 46% are attracted to jobs that focus on employee well-being and 42% want the ability to work from home when they want. Musk is going directly against both of these factors by removing all flexibility and forcing a minimum 40 hours a week.”

Musk was headed in the wrong direction

If a motorist was driving the wrong way on a one-way street, pedestrians would flag him down. If a leader is taking a large organization in the wrong direction, people in the know will flag it before it crashes and burns. What follows are the actions experts say corporate leaders need to take in 2023 to restore post-pandemic stability to the workplace — all of which Musk is taking in reverse.

  • Psychological safety for employees. According to Jennie Yang, vice president of people and culture at 15Five, leaders should consider the competencies they want to see in their managers and employees, such as resilience, self-direction and adaptability to ambiguity. “To survive a recession, psychological safety for employees will be critical next year, so leaders in particular will require the skills to handle internal communications,” she said, adding that recovering from the trauma of toxic workplaces of work and improving soft skills to manage. tough economic times are inevitable. “Key skills to focus on include strong mental and emotional well-being and the ability to connect with others.”
  • Increase team productivity without burnout. Tim Harsch, CEO and co-founder of Owler, told me that the biggest challenge for leaders in 2023 will be managing through economic uncertainty and increasing team productivity without burning out teams. “This will take clear and honest communication across the organization and establishing quality key performance indicators (KPIs) that everyone buys into within the teams,” he said.
  • Creating a sustainable workplace. David Hassell, CEO and co-founder of 15Five, agrees that business leaders will need to stay confident in the face of uncertainty in 2023. When business leaders rise to the occasion and lead with uncertainty, they ultimately create a positive workplace for their employees to thrive, Hassell told me, predicting that businesses will double down on leadership and management training and that the standardization of the 9-to-5 workplace is gone, adding, “Creating a sustainable workplace that anchors employee trust and loyalty is vital. This is especially important in a remote or hybrid work environment. Employees feeling a sense of stability, support from leadership, a sense of purpose in their work, and connection to others—all those that leadership needs to direct – will be less likely to disengage or ‘quit’ in the coming year.”

A better way to make tough decisions

Elon Musk’s tactics are diametrically opposed to what evidence-based research findings and expert opinions recommend. Here are the ingredients top leaders say are needed to repair the havoc in a post-pandemic workplace:

  • Gallup insists that a company’s most important asset is its people.
  • TalentLMS reported that 78% of employees want more support from the workplace.
  • A body of research shows that empathy is the most important leadership skill, especially in times of crisis.
  • Experts say leaders should manage with stability and certainty during economic uncertainty, not add more confusion and disruption.

However, many misinformed leaders will identify with Musk’s reckless tactics and follow in his footsteps. Steve Black at Topia points out that this is a dangerous path for other companies to follow. Twitter and Tesla have been strong and popular brands. Black points out that most brands are not in the same category. Herein lies the danger, he warns, warning organizations: “If these brands follow Musk’s lead, they won’t be able to attract and retain enough top talent for a full term in office to be a worthwhile strategy. After all, a ‘Tesla is doing it, so we can’ strategy would be too risky for most organizations.”

The best way for executives to stay true to company culture when faced with the kinds of tough decisions faced by Elon Musk is to make leadership decisions without emotion. “As leaders make these tough decisions, it’s tempting to take the emotion out of it,” Jenn Lim told me. “Psychologically it can be a remedy to calm a troubled conscience. But conscious leaders take the opposite route. During Covid, these leaders put aside titles and office politics and put on their empathy hats, knowing what was at stake and how they were affecting livelihoods. As you make these decisions, keep your company’s values ​​and purpose close at hand, making them part of your considerations. Leadership must begin with why these elections are being held and then like they align to the company’s values ​​and purpose. When they are supported, the true character of an organization has the opportunity to show its humanity.”



Source link

Previous Post

An online home décor platform with a difference

Next Post

Sustainable fashion wants to move from desire to action

Next Post
Sustainable fashion wants to move from desire to action

Sustainable fashion wants to move from desire to action

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Senate Leader Atkins, Legislators, Health Care Leaders Celebrate Signing of SB 1375, Reproductive Access Legislation

Senate Leader Atkins, Legislators, Health Care Leaders Celebrate Signing of SB 1375, Reproductive Access Legislation

4 months ago
Sanna Marin takes drug test after ‘wild’ party videos air

Sanna Marin takes drug test after ‘wild’ party videos air

5 months ago
Emmer Applauds Passage of Justice and Mental Health Collaboration Reauthorization Act | Press Releases

Emmer Applauds Passage of Justice and Mental Health Collaboration Reauthorization Act | Press Releases

2 months ago
Del. Mark Keam resigns for travel and tourism job under Biden |  Government-and-politics

Del. Mark Keam resigns for travel and tourism job under Biden | Government-and-politics

5 months ago

FOLLOW US

  • 87.2k Followers

BROWSE BY CATEGORIES

  • Business
  • Entertainment
  • Fashion
  • Health
  • Startup Stories
  • Technology
  • Travel
  • Uncategorized

BROWSE BY TOPICS

2018 League Anshumman Joshi App development company in Gurgaon Ashok Kumar Aticx Balinese Culture Bali United Budget Travel Business Champions League Chie Design Chopper Bike Diwali Doctor Terawan Goutham Jain Harish Balaji Radhakrishnan's Highest cinemas Istana Negara Madhuri Manama Studio Market Stories Meghna Joshi Mobile app development company in Gurgaon Mobile app development services Gurgaon Mohammad Furqan Ahmed Nalan Shine National Exam New Delhi Pranali Panchal Repunext: Sadam Dalvi Sanju Pudyandil Shravan Chaudhary Shubham Shinde skill development techniques Stockmarket Swan SWAN (Skilled Workforce Advancing Nation) The Model Mentor Truck guru Visit Bali Yamasha venture limited > Ms. Yamini Sharma Auto investment Profit SEBI Yash Gupta ZoopUp “Future is Electric”

POPULAR NEWS

  • The coolest coat of Berlin Fashion Week?  Sneaker pool

    The coolest coat of Berlin Fashion Week? Sneaker pool

    0 shares
    Share 0 Tweet 0
  • 2022 Trip Advisor Sales Already Hit All-Time Highs

    0 shares
    Share 0 Tweet 0
  • The individual business owner pleads guilty to tax evasion USAO-WDMO

    0 shares
    Share 0 Tweet 0
  • Do North Coworking announces the inaugural cohort for the Forest Products Accelerator

    0 shares
    Share 0 Tweet 0
  • Acera spends $90M to automate customer service inquiries with AI – TechCrunch

    0 shares
    Share 0 Tweet 0
  • About
  • Advertise
  • Careers
  • Contact
WhatsApp +91 980-980-9922

© 2022 .BusinessPress - India's Preminum Business News Portal .BusinessPress.

No Result
View All Result
  • Home
  • Travel
  • Business
  • Health
  • Technology
  • Fashion
  • Startup Stories

© 2022 .BusinessPress - India's Preminum Business News Portal .BusinessPress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In