Are You Ready With An Answer To These Five Questions?
We are sure; by now, you are already familiar with the words or phrases – ‘New Normal‘ and ‘Work from home (WFH)’. Most business owners have also understood the far-reaching effects of Covid in their business working. Many of these effects will fade away during the coming year 2021, once Covid recedes. However, few related to the employees will remain permanently and become a part of the new normal. We will have to integrate these effects into our business growth.
For the benefit of our clients, we have segregated these effects into five broad categories:-
- Which roles are adding value to the business?
The current pandemic has allowed all business owners to relook at their team’s roles and responsibilities. They have observed that certain roles (positions) are coming to the core business activities and adding to the top line/ bottom line irrespective of work from home (WFH). We need to segregate all roles into core and peripheral categories.
- Are your current processes still relevant?
Many business owners took a timely decision to move their existing setup into (WFH) set up without introducing significant changes in current processes. In some cases, Business owners had to carry out minor changes, while in few cases, they had to replace these processes with new ones. Now is the time to take stock of processes and streamline them into a new set of procedures.
- Do you still require the same infrastructure to run your business operations post Covid?
Many organizations have moved their employees into WFH and have found that some of these employees (roles) function to their satisfaction with no significant dip into their productivity. After the lockdown, the majority of these roles may remain WFH category. These arrangements will enable organizations to leverage the increase in productivity and help them reduce infrastructure costs.
- Why some of these roles need to be on company employees’ muster? Can they be outsourced?
The time has also come to further divide these organizational roles into full-time/ part-time/ freelancer or fully outsourced categories.
- Does your current pay structure still make business sense?
Finally, organizations are also re-looking at their compensation and remuneration strategies and models. There is a need to evaluate the business impact and contribution of every role; there is also an appreciation that some functions may not need a 5-working-day arrangement. All these considerations will, of course, impact the way organizations look at the pay structure.
Your role as the business head is to anticipate and get ready with these questions. Sustainable answers will initiate business impact and workforce enablement to navigate these challenges.
In case you are ready with answers to the above five questions, Pinnacle People Solutions will help you develop the appropriate strategy to bring the necessary changes.
If, to the contrary, you find difficulty in answering these questions, please write to us on email pinnaclepeoplesolutions1@gmail.com. It will be our pleasure to carry out this exercise and bring sustainable changes to impact your business positively.