By Macky Weaver
In just a few short months, the world of business has changed due to the profound impacts of a global pandemic. Many companies have had to deal with extended closures, as well as significant adjustments to their workforces including layoffs, furloughs and implementing processes for remote work in far greater degrees than ever imagined. Today, as businesses are beginning to reopen and people are starting to return to work, employers are now working to determine how to best position their resources to optimize future growth for the organization. As your company transitions into this next phase, here are some suggestions to help you understand where you should be focusing your time, energy, human, and financial resources, to fulfill your company’s future growth potential.
Determine Where the Priorities Lie for Your Organization
For some employers, the most difficult thing during COVID-19 is to identify new organizational priorities. It’s challenging for many to put the lessons learned during shutdowns into action now that employees are returning to the office. Here are what we consider some of the most important lessons the pandemic has taught us, that employers need to be factoring into all of their decisions to maximize future growth.
- It is necessary to operate with great speed and flexibility. The pandemic forced most businesses to take swift action and adjust on the fly. You may have been forced to reconsider supply chains, products, technology, geography, and your workforce. Don’t return to the former, slower way of doing things, now that the pressure is easing.
- Continue looking for ways to cut costs while improving operational efficiency.
- Shift your focus to creating a more efficient workplace moving forward. Build your company to facilitate greater efficiency, speed and flexibility to ensure continued growth.
- Nimble: that’s the word most businesses should have at the forefront of their minds and certainly as it relates to your workforce . Make sure your employees are on the same page. You may even want to consider continuing remote work or making the return to the office voluntary, to continue cutting costs, enhance productivity and boost employee satisfaction (and loyalty). It’s worked so far.
Structure Your Organization to Align With Your Priorities
Small actions can have a huge impact when it comes to promoting growth in your business today, and in the future. Most important is having established your new business priorities. Now that you’ve done that, you will want to proceed with these in mind. To ensure that your workforce is evolving in alignment with your new priorities, consider the following changes to support your company’s nimbleness and growth opportunities.
- Develop smaller, more empowered teams with fewer decision-makers
- Identify and/or cultivate team leaders
- Skip the large remote meetings, opting instead for smaller meetings for increased productivity. Try sticking to the “nine on a videoconference” meeting rule, instead.
- Consider utilizing a more horizontal business structure and reduce the “top-down” hierarchy model
- Eliminate bloated bureaucracies in your workplace and transition to dynamic networks of teams.
- Focus efforts on real-time collaboration, and allow corporate centers to act as bases for deploying teams, talents and tools as needed.
Once you’ve fashioned a nimbler, leaner structure for your organization, it is also time to change the way you’ve gone about recruiting in the past.
Recruiting for Organizational Growth
If the pandemic has taught businesses anything, it is the importance of having the right talent on their teams. You need your organization to be poised for growth with the people who can help you get the job done– even when chaos seems to rule the day. Here’s what to know about recruiting in the current climate:
- Yes, unemployment is widespread, but top talent is still not abundant. Highly-skilled candidates who can truly help organizations work more efficiently and move them forward in bona fide ways remain a rarity, especially in areas like technology and finance.
- Employers are well-served by investing in cross-training employees, upskilling talent, and advancing staff from within their organization to make maximum use of their talent and skills and improve productivity. At a minimum, you need to be training your team to keep up with the latest technologies and processes in your industry.
- To fill urgent and persistent organizational skills gaps, employers should consider partnering with a good RPO Recruitment Process Outsourcing firm that can assist with outsourcing and direct-hire staffing services. An RPO firm can help you identify and retain both the top candidates and the right kinds of talent, whether that is full- or part-time workers, contract employees, executives, temps, or other needs. An RPO firm help you operate with maximum speed and efficiency, while lowering your overall hiring costs.