Businesses are being encouraged to review and refresh their workplace practices and culture as the financial year begins, with international human resources think tank Reventure devising five strategies to address organisational challenges.

As part of its A Future that Workscampaign, Reventure lead researcher Lindsay McMillan says workplaces should talk about purpose instead of results, articulate a narrative, create goals rather than restrictive roles, establish good leadership and bring back creativity.

“Increasing productivity is no longer viewed in archaic terms such as longer working hours but how the workplace can effectively understand and harness employee’s individual talents,” McMillan says.

“Each year, the bottom line is the focus of reporting and the measurement of success — leaving little time for visionary thinking or employee development.”