Templatized benefits no longer fit the bill as employees and organizations constantly reevaluate them for their relevance and effectiveness.
It is heartening to see employees looking up to the human resource department to help them through the crisis; it just shows that they trust we can play the part.
Given the uncertainty, leaders should not commit to long-term work policies: Forrester’s Amit Bhatia
Leaders should also keep an eye out for regional policy and regulatory changes. This becomes critical especially if a firm operates in multiple global locations. It’s best to create organization-wide guidelines but allow local leadership to fine-tune these as needed, says Amit Bhatia, Senior Analyst, Forrester in an interview with us.
Given the current situation, what has determined and will continue to determine each organization’s success is the caliber of its leadership and management.
Diverse, inclusive leadership key to building sustainable future for organizations: Kim Schmidt, Grant Thornton International
The business landscape appears to be undergoing permanent changes, and we are seeing now is a shift towards a more flexible, dynamic, and hybrid model where people will increasingly expect more empowerment over when, where, and how they contribute to their organizations, says Kim Schmidt, Global Leader - Leadership, People and Culture at Grant Thornton International.
Flexible organizations, no matter their size, must remain poised for the unexpected - be that a natural disaster, a business system operational apocalypse, a cyberattack that shuts down all applications, a disgruntled former employee purposefully introducing malware or even the death of a top executive.
Leaders will need to walk the talk of moving from profit to purpose by transforming how they manage their organization and the workforce, says Samir Bedi, Asean Workforce Advisory Leader, EY.