Companies today face rife competition and economic risks. Hence, employers are equipping employees with the right mentality, including a growth mindset, to drive business development. However, there are challenges to this approach.
According to our online survey, 50% of respondents in Singapore said resistance to change is the biggest challenge. Other challenges faced in the city-state are a lack of innovation (36%) and a lack of understanding (14%).
In contrast, 67% of respondents from Malaysia cited resistance to change as the main reason hindering employees from having a growth mindset, and another 33% stated lack of innovation as the hindrance.
In Hong Kong, almost all respondents named resistance to change as the main obstacle to adopting a growth mindset.
Employees with a growth mindset strive to achieve long-term goals. They are always trying new things and embracing challenges. These employees also take self-initiative to learn new skills.
Employers can help employees adopt a growth mindset by encouraging them to acknowledge that effort is the pathway toward mastery, cultivating a sense of purpose, and persisting in the face of setbacks.
Keeping Employees Motivated
Other than encouraging a positive mentality among employees, it is also crucial for employers to know what motivates their workforce.
TG Group’s online poll indicates that, in Singapore, 56% of respondents are motivated by a sense of achievement, and 28% are driven by a sense of belonging.
In Malaysia, 44% of respondents are inspired by a sense of achievement, and 33% are motivated by a sense of belonging.
In Hong Kong, there is a balanced split of respondents motivated by a sense of achievement and a sense of belonging.
Companies should help employees achieve personal development and implement inclusive policies. Employers must also create a comfortable environment for their workforce.
In addition, companies can boost employee morale by improving corporate and team culture, encouraging teamwork, and expressing gratitude to employees.
Do you need support to have more time to encourage a growth mindset among your employees?
With a proven track record in solving diverse workforce issues, TG is here to help you unload some of the burdens.