Boston Consulting Group gave guidance to businesses on people priorities in new normal as economy restarts and prepares for rebound

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COVID -19 BCG Perspectives

Taking Care of Your People – Boston Consulting Group gave guidance to businesses on people priorities in new normal as economy restarts and prepares for rebound

Summary:

Boston Consulting Group gave seven key people priorities for new normal in scenario where economy is restarting, while mitigating risk of COVID-19. Summary recommendations include:
  • Smart Work – Balance between on-site and remote work with policies that promote safety, productivity, effectiveness and cost savings, such as smart office spaces and usage, technology and infrastructure use
  • Physical and Mental Health – Ensure physical health through emergency protocols, hygiene standards and social distancing, as well as mental health through trainings, such as stress management, mindfulness and positive thinking
  • Flexible Workforce – Understand changing demand and manage workforce gaps or surplus including leveraging talent platforms, increasing alumni/part-timers, automation and repurposing workers
  • New Skills Paradigm – Determine skills needed in future as well as per employee, aligning development priorities, assessments, and sourcing of talent according to requirements
  • Leadership – Lead with head by emphasizing clear direction on future, heart through people empowerment, and hands for executing and enabling with agility
  • Purpose-Driven Culture – Link purpose, strategy and culture to succeed in new reality, such as adapting them to customer needs
  • Resilient and Bionic Organization – Simplify and adjust operating model to reduce costs and increase productivity for near-term crisis impact, and make structural enhancements as well as improve agility to prepare for rebound in medium to long term
To read article on BCG website, visit https://media-publications.bcg.com/BCG-COVID-19-BCG-Perspectives-Version5.pdf
Company: Boston Consulting Group (BCG)
Categories: Business operations, Facilities and workspaces, General management, People and culture, Strategy
Source:

Original publication date: May 8, 2020

Date last updated: May 11, 2020