How to build resiliency and cultivate strong teams
News
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
A team of young people in a modern office standing in front of a board with notes and charts.
News

How to build resiliency and cultivate strong teams

6 months ago · 2 min read · AICPA Insights Blog

Resiliency is broadly understood as someone’s ability to bounce back from a setback, change or trauma. But resiliency itself is very nuanced and individualized. Through resiliency, people can more easily cope with change, let go of things no longer serving them and grow from lived experiences. Change is a constant and resiliency is what helps us navigate and react.

Resiliency is found in the workplace when business leaders and staff need to respond and adapt to a wide variety of changes and challenges. When resiliency is continually practiced and demonstrated, it can help create more agile teams.

Resiliency theory

Resilience itself is complex, and the Resiliency Theory acts as a guide to better understand how people, communities, businesses and others overcome the negative effects of risk, adversity, trauma and setbacks.

Often studied in children and adolescents, Resiliency Theory looks at how factors like support services, physical ecology, previous traumas and more impact the ebb and flow of resiliency. Resiliency Theory has been studied for the last 50 years and many researchers have their interpretations of what it means to be truly resilient.

Think of resiliency has a mental reservoir of strength: In times of struggle, an individual can draw upon coping strategies and fortitude to help them process, recover and move on. It naturally ebbs and flows, but it’s ultimately fortifying.

By understanding Resiliency Theory and applying the knowledge to teams and communities, core values and the culture of a team can be strengthened.

Resilient leaders and teams

In leaders, resiliency can look like agility and humility. When under pressure, a resilient leader can overcome setbacks and adversities while eschewing behaviors that could harm others. Resilient leaders try to remain calm under pressure and try to protect the energy levels of those on their teams. Resilient leaders are also willing to take risks.

It’s resilient leaders who help build resilient teams. Mounting stresses can become a drain on individuals and impact the team. When leaders sense and help alleviate these stresses, they can help build resiliency within their teams and reestablish equilibrium.

As a result, the team can become more inviting, stress-free and agile — one that is aligned with workplace values. Employees can show up as their authentic selves, they can avoid burnout and their passion and perseverance will grow. The team will also be more prepared to pivot in times of struggle.

A resilient CFO

Resiliency Theory can be useful for CFOs and other leaders in finance, and will be discussed at the upcoming AICPA & CIMA CFO Conference (April 27-29). Led by Ashley Carson, Chief People Officer of Vera Whole Health, the session will go in depth on Resiliency Theory, how it correlates to individual values and how leaders can practice resiliency with their mentees.

The conference will also allow attendees to gain insights on a variety of topics including effectively leveraging your company’s social media, how to best evaluate financial shared services, employee retention strategies, supply chain management, finance transformation strategies and more. Learn more about available in-person and digital options. The three-day conference kicks off on April 27 at Loews Coronado Bay in the Greater San Diego area.

What did you think of this?

Every bit of feedback you provide will help us improve your experience

What did you think of this?

Every bit of feedback you provide will help us improve your experience

Related content