Enable autonomy proven to boost revenue - download the research report

Business

Giving your team the freedom to make choices and self-direct can increase revenue growth and improve efficiency.

Promoted by The Access Group • 29 October 2021 • 1 minute read

The pandemic didn’t just fundamentally change where we work. It has also changed attitudes - as more and more of us work from home, this has translated into a desire for greater autonomy in the workplace, a new research report has revealed. Yet there is a fundamental disconnect between most Australian business' current style of leadership and the autonomy their employees would like.

50% of managers believe it is more important now that employees are informed and aligned to their company’s goals.

So what is autonomy and how does it differ from empowerment, an often used term in employee engagement? If empowerment gives people the authority to make decisions in certain aspects of their role, it is still limited and conditional.

Autonomy is bigger, broader. It’s a shared understanding of a business’ goals and business context, it gives people the trust to make decisions based on this understanding, and is backed up by management styles which judge on outcomes aligned to the goals, not simply outputs.

If having autonomy at work is the criteria through which employees will decide on their future employer, Accountancy practices which embrace this way of working are going to have an edge for their clients over other practices.

The new business case for autonomy

The good news is that there is a clear business case for autonomy too. The research examined three management styles - control and command, empowerment and autonomy and found autonomy was the best model to achieve four out six important business outcomes.

The starkest finding is the disconnect between managers’ view of their style and their perception of their business.

Despite this, most Australian businesses are twice as likely to work with a ‘command and control’ model than an autonomous one. It is clear there is a growing disconnect between how businesses and their employees operate. Successfully bridging this divide is what we call “the autonomy opportunity” for practices like yours.

You can find out more by downloading the research report ‘Autonomy to the People’. It covers: