Your mindset can make the difference if you are or not stand out at work. A growth mindset can increase your performance, determine how much money you make and even help increase your company’s revenue, according to a new research study. A growth mindset is the belief that you can develop your intelligence, skills, and talents over time through effort, practice, and learning. With a growth mindset, you are more likely to achieve more than others who believe their abilities are innate and fixed.

Growth mindset in the workplace

If you’ve crossed your arms, planted your feet, and decided how far you can go in your career path, that fixed mindset can stunt your professional growth, limit your performance, and even directly decrease your company’s bottom line. long term. run.

In its latest report, Growth mindset in the workplaceTalentLMS reveals that 80% of CEOs in US companies agree that a growth mindset in employees helps increase revenue. The survey is based on responses from 300 business leaders and 1,000 employees in the US. Here are additional key takeaways.

• 88% of executives agree that a growth mindset is important to organizational success.
• 53% of executives believe AI will hinder the development of a growth mindset in the workplace.
• 64% report higher productivity and performance, and 58% cite improved employee engagement as a benefit.
• 52% of employees note that they would leave their current jobs for a company that offers more opportunities for continuous learning and development.
• 89% of senior leaders agree that future business success will depend on leaders who embody a growth mindset.

Despite these benefits, both executives and employees say they face common obstacles to developing a growth mindset. Fear of failure makes workers reluctant to step out of their comfort zones. Some employees have difficulty dealing with negative feedback and criticism, and there is often a resistance to change and new ideas.

While 96% of executives say they embody a growth mindset, only 45% of employees agree that their leadership demonstrates this mindset in practice. This disconnect highlights a critical gap that must be addressed for organizations to succeed, according to the report. Executives agree that leaders must take steps to overcome three barriers:

1. 90% emphasize the importance of leading by example.
2. 87% emphasize the need for continuous learning opportunities within the company.
3. 84% believe that normalizing discussions about failure is crucial.

A significant finding of the study is that while executives say they recognize the critical role of a growth mindset in driving success, they also express concern about the potential negative impact of generative AI on key skills.

A total of 53% of executives believe that generative AI could hinder the development of crucial growth mindset skills that are lacking in the workplace, such as active listening, critical thinking and time management. These results underscore concerns about technology’s role in shaping the future workforce and the need for a balanced approach to integrating AI into the workplace.

According to Nikhl Arora, CEO at Epignosisparent company a TalentLMSthese findings are a clear call to action for business leaders who need to invest in employee growth or risk losing them. “As leaders, we need to embody this growth mindset and lead by example,” says Arora. “We must be the first to accept new challenges, admit our mistakes and celebrate the learning process. By doing this, we create an environment where everyone feels empowered to be bold and step out of their comfort zones.”

How to transform your mindset

I recently wrote a piece for Forbes.com on how to make a mindset shift and develop a growth mindset to stay marketable in the New Year. I spoke with futurist Brian Solis, the author Mindshift: Transform leadership, drive innovation and reshape the future, which defines mind-shifting as the process of changing one’s perspective to embrace new ways of thinking, problem-solving and innovating. “It’s about moving beyond the status quo, beyond traditional paradigms, and adopting a more open, creative and innovative approach to personal and professional challenges,” says Solis.

He told me via email that transforming your mindset is a journey that requires intentional effort and a willingness to challenge the status quo instead of retreating to what we know. And he says it can be done in six practical steps.

1. Embrace continuous learning. “Seek out new knowledge and experiences that challenge your current way of thinking. Attend workshops, read widely across disciplines, and stay curious about emerging trends in your industry.”
2. Cultivate resilience. “Change is often uncomfortable, but growth happens through discomfort. Encourage yourself and your team to view setbacks as opportunities to learn and improve, rather than failures.”
3. It encourages diverse perspectives. “Innovation thrives in environments where diverse ideas and perspectives are welcomed. Create a culture where team members feel safe to express unconventional ideas and challenge existing processes.”
4. Practice mindfulness. “Being present and fully engaged in the moment can help you better understand and adapt to change. Mindfulness practices such as meditation or reflection can sharpen your focus and improve your ability to respond creatively to challenges.”
5. It promotes a growth mindset. “He believes that skill and intelligence can be developed with effort and time. Encourage your team to embrace challenges, persevere in the face of failure, and view effort as the path to mastery.”
6. Lead by example. “As a leader, your actions set the tone for your organization. Create a safe space to ask questions, challenge convention, and contribute crazy ideas. Consider even boosting it! Shape the change of mind you want to see by being open to new ideas, adapting to change, and continually seeking personal and professional growth.”

Once you start to stick your neck out and accept failure as an essential stepping stone to success, you become willing to go through the necessary painful steps (they’re called “growing pains”) to get there. Think of a failure as a lesson to grow from instead of a failure to endure.

Ask what you can learn from difficulties and use them as stepping stones instead of roadblocks. Consider how the obstacle happens for you instead of TO you so you are empowered instead of victimized. Ask yourself what edge you can reach in your career? What unpredictable deck can you jump on to sprout your wings? What limb can you reach to reach the fruit of your career? Take a leap into the unknown if you want to be marketable by 2025.