Working from home provides a unique opportunity for progressive employers
Covid-19 has upended many businesses and forced employers to be agile in adapting their ways of working. Amongst the most crucial shifts has been the one of working from home becoming a rule rather than an exception.
It is becoming clear that the progressive employers of the next generation will be those that leverage Work From Home (WFM) as a way to win the war for talent.
WFH used to be considered an expensive perk that only the richest, fastest growing tech companies could afford. Fearing lack of control and concerns over lessened human interaction, old economy players steered clear. Subordinates were, after all, meant to be routinely directed and overseen by supervisors.
Then the pandemic struck and all of a sudden, every company, new and old economy, big and small, was thrown into forced WFH “smart-working” practices.
Completely unprepared, most companies have faced the new situation with a shortsighted firefighting approach.
Very few have though noticed the following:
All of the above require top management to have a more strategic approach towards HR. It must be considered a key function in crafting long term winning strategies that enable top and bottom line results.
As Ram Charan advocated in his famous 2015 HBR article, the best and most business savvy CHROs should sit at the top table and be selected as key business partners to the CEO and CFO. That also may mean changing the views and perspectives towards a function that for too long (and erroneously) has been considered “soft” or just “an administrative burden”. It will require emerging leaders to consider HR as a key spot to acquire skills, deliver and position themselves for CEO careers. Boards and CEOs will need to consistently follow through with more strategic budget allocations as well as top HR talent inclusion in succession planning.
Certainly a radical shift from the past.
[Michele Volpi has been CEO and Board member in several listed and private equity MNCs and is the founder of tal&dev, an online talent development platform that is improving the way individuals and employers deal with talent management]
August 28, 2020
Understand your own potential and predicted performance based on what you are ready, willing and able for.
There is no right or wrong answer, just what you feel is important to you.
Understand what career path best fits you.
Be honest, be thorough.
There is no time limit to complete the test.