For today's episode, we're diving into what we've seen as the number one barrier to remote teams being truly effective: That’s risk. More specifically, risk tolerance. We've seen this on our team, and we've seen it for the client partners that we've consulted with from all over the world. With all of the challenges that companies are facing right now. It's critical that teams continue to have space to share their best ideas with one another. 

For a team to innovate, you need to be able to solve problems. To solve problems, especially ones that your team has never seen before, you need to take risks. If the people on your team don't know how to tolerate risk, or are unwilling to explore options together when they're faced with uncertainty, how can a team come up with new ideas? 

Without risk tolerance, and the ability for your team to work through challenges together, it becomes a huge barrier to virtual teams. Risk tolerance is really just another way of saying resilience in the face of uncertainty. It's important for the psychological safety of a remote team especially to be able to lean on one another and navigate that uncertainty together. Ensuring your team is more resilient in the face of risk, instead of being risk averse, could make a huge difference in how your remote team comes to work every day.

In This Episode

[6:03] What is risk tolerance and why is it so important to a remote team?

[8:55] Why do team members feel pressure to be nice, even though they may not agree with the direction the team is moving?

[10:10] How to encourage teams to move beyond groupthink and bring their ideas forward to benefit the team.

[12:12] What is a placeholder solution and why is it an effective tool for teams to utilize in order to feel seen, heard and psychologically safe to contribute?

[16:42] What is the 10/10/10 rule and how can it be used to calculate risk?

[20:52] Why are remote employees “Quiet Quitting” and what can leaders do about it?

Links:

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Download our 2021 Future of Work Culture whitepaper.

Ready to renew your commitment to greater equity and inclusion? Get in touch today to learn more about our Inclusive Virtual Work Survey. 

Read our Forbes features on Ways to Support Employee Mental Wellbeing, What Self Care Looks Like For Us, and How to Create Effective Online Diversity Training.

Check out our previous episode to learn more about the different types of trust that make remote teams work effectively: What Remote Teams REALLY Need to Feel Included at Work

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