🧑💼Are You Making these Management Mistakes?
Welcome back to The Microdose Diet a newsletter about getting more success, passion and happiness in your life and career by using alternative medicines, such as microdosing psychedelics. 🍄
In one of my previous lives as a corporate employee the strive to move up the food chain was omnipresent for my colleagues and I. The goal of getting a management position and growing from there was never questioned by anyone. It was obvious that this was the way to navigate one’s career. After all isn’t it what we are supposed to want and why we study, we work, we network? For a better seat at the table with more perks and responsibilities.
However in the ever-evolving landscape of modern business, the challenges faced by managers have never been greater. The rise of digitization and the disruptions caused by the global pandemic, among other factors, have placed an increasingly diverse and demanding set of responsibilities on bosses’ shoulders. Recent surveys from Gartner have highlighted the toll this has taken, with 54% of managers reporting work-induced fatigue and stress.
As if it wasn’t enough, only 50% of employees believe their managers can steer their teams successfully in the coming two years. So don’t expect much support from your team in your new endeavor! One of two already thinks you suck.
Actually many managers are experiencing buyer's remorse after being promoted to managerial position. And while nearly two-thirds of employees express a desire to become people managers, either now or in the future, one in five current managers confess that they would rather not hold their current positions if given a choice.
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Perhaps even more telling is the fact that only 19% of HR leaders believe that their organization's current selection process consistently identifies the right individuals for managerial roles. Addressing these disconnects requires a radical rethinking of the way organizations fill their managerial pipelines.
The same study from Gartner points to an obvious vital initial step: “Companies must place the right individuals in managerial positions”. This seems like a no-brainer, but for anyone who ever worked in a large organization this is definitely not what has been happening.
Promoting or pushing employees into management roles solely based on their performance as individual contributors (or for their strong political abilities) is no longer a sustainable strategy.
Amidst these difficulties, organizations often respond by doubling down on skills development programs. However, it's worth noting that while this approach can enhance skills proficiency, it typically results in only a modest 4% improvement in managerial effectiveness, on average.
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This shows the limits of more professional development as an answer to all ills, from acquiring better management skills, greater leadership abilities and overall more professional success.
The mix of 1) making management position the only valuable route for employees, 2) giving promotions based on past individual performance, and 3) relying on development programs to ensure a company is led by the right people is no longer an option.
The challenges facing managers in today's business world are undeniable. To address these challenges effectively, companies must begin by ensuring that the right people are placed in managerial roles. A fundamental shift in how organizations identify and cultivate managerial talent is the need of the hour. This shift will not only benefit managers themselves but also the teams they lead and the organizations they serve.
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😎About The Microdose Diet
The Microdose Diet by Peggy Van de Plassche focuses on personal and professional development using alternative medicines, such as microdosing psilocybin, tapping meditation, journaling, guided meditation and visualization ✨
I am Peggy Van de Plassche, a former banker and VC who spent 20 years in the financial services and technology industries. I created The Microdose Diet a strategic protocol combining alternative medicines, such as microdosing psilocybin, for professional and personal growth.
I wrote MORE! The Microdose Diet - the 90 Day Plan for Success, Passion and Happiness🍾 My book will be published in 2024 and is available for pre-order on Amazon.ca and Amazon.com.
Formulated with The Microdose Diet protocol in mind, the Brain Power Microdose helps support memory, mental focus, stamina, cognitive health, mood & brain functions, while relieving symptoms of stress & anxiety.
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This newsletter is designed to entertain and inform, not provide medical advice. You should always consult your doctor when it comes to your personal health or before you start any treatment 🩺