Disasters did happen earlier also but we did not count them or follow them closely because we were busy in our own lives. We never had time to grieve for others or feel their pain. Now we feel because we are in some or the other way affected by corona ,so, can feel others grief too. We are either affected with poor business, job loss, pay cuts, infected by Corona Virus, feeling imprisoned in our own homes, or financial distress. When in pain, we relate better.
After a cloudy day, and pouring rain, sun shines better and pleasant too. So wait for the rains to stop, the sun is eager to shine. If we withstand this pandemic, we will flourish for the next 100 years. Life gives an accelerating push when it grows monotonous.
Whose jobs may be at risk with this evolution of the industry? How is the industry trying to plan its efficiency with respect to resources? Every company is facing unknown risks. And every company is uncertain about economic progress.
The calculation of damage from COVID-19 will continue for at least 18 months. Working capital will be impacted, Inflowing business analysis will fluctuate hugely to sustain the market. In such a scenario, the order of cost-cutting will be – resource retrenchment, pay cuts, and infrastructure cost reduction.
Recent Hires – Last come to go first. The company has not experienced the performance of a new joinee. And the resource has still not proven his credibilities to count on his performance. So their jobs might be at stake.
Support departments – HR/ Accounts/ Procurement/ Quality etc., or any such areas not driven directly by P & L – such jobs which may be digitalized or outsourced – need basis or consulting basis. the other option is the volume of work can be increased and the number of resources can be reduced.
Coordinating jobs – Any coordinating jobs like project coordination, procurement coordination with cross-functional teams that can again be digitalized with single window interaction.
Supervisory levels – Multi-levels of supervision like Asst Mgr, Manager, Sr Manager which can be replaced with more number of reportees to one person keeping the hierarchy less complex.
Repetitive jobs – Quality check by different people, purchase activities, or back up resources where accountability can be increased with one person.
Costlier resources – Resources at Sr level or expensive resources at any level. Since now themarket will be flooded with resources willing to join on same salaries as earlier or lesser too to survive and sustain, hence costlier resources will be on target
Less adaptive, less proactive: Resources with will issue, or poor interpersonal skills. Not flexible enough to own additional responsibilities at this time of crisis. Sticking to the expectations given at the time of joining and not understanding the changed scenario and multi-task after COVID-19. Not willing to take up end to end accountability.
Continuous mentoring and monitoring Employers, Sr Management and Managers have two choices in this scenario – invest your time in strategic planning, business acquisition, financial planning
Exhaust your bandwidth in building better understanding, repetitive training, hand-holding your team members in delivering, In such a scenario such employees are preferred who are fast learners, self-motivated, better skilled, have a better understanding, better committed, more positive and take the ownership.
Of course, certain sectors like tourism, auto, airlines, retail, are affected by the rule and even the best of the employees will have to be losing jobs here. Or a few more have lost jobs due to traveling back to their native places or not having internet connectivity to work from home. Its an extraordinarily challenging, demanding situation for the whole world. Learn to prioritize the organization, if the organization lives, you live. STAY PUT, BE FLEXIBLE. WORK MORE to align with this crisis.
Follow to read about the employment trends in India in the days to come.
Health threat Economy slow down threat Life threat The world has turned out to be one city being affected by a pandemic like this. Also giving us realizations, no matter how divided we are by continents, countries, cities, race, language, community, culture, religion, colour…. we are all living in the same circle drawn around us by God.
Our problems are one and we respond similarly to situations. So eventually What do we do? Stay composed Stay positive Build your immunity Exercise Eat well Stay contented Thank God for not being infected. And hope for the best with a smile and positivity. Don’t stop living. Because living is hoping. And hope never dies till last breath. Living with the fear of face and mind is no living. Smile and positivity bring happiness back. Just live with some basic necessary precautions. We complained all our life saying we never get time to rest. So here is all the time for you to rest. No traffic No hectic schedules No deadlines No meetings No targets Family time Breakfast, Lunch, Dinner on time Work-Life sorted Hopefully, this chaos will bring us the realization of how important and satisfying it is to be where we are. And we humans a social being can’t be normal without social interaction.