Right now, the world is grappling with an unprecedented foe. COVID-19 has swept through our lives and changed things so swiftly, that many of us have not had a chance to fully understand the implications. It is hard to see the future, when we are still so immersed in this war with an invisible, yet deadly enemy.
It is inevitable that the impact on the global economy will be brutal. Already the unemployment numbers are rapidly rising, governments are desperately deploying stimulus packages, and companies are bracing to fight for survival.
Few consider the incredibly challenging aspects of management as they step into a promotion. One of these is the responsibility of “downsizing”. No matter how you slice and dice it, downsizing a team is a difficult task.
So, how do you approach this with professionalism and kindness, whilst achieving a well-considered result for the business? Importantly, how do you reach the right outcome without creating a lasting, negative impact on several lives in the process?
Sadly, I have been involved in more downsizing projects than I like to remember. From my perspective, there are definitely ways to minimise the angst – for both those directly impacted and their families, but also the “survivors” who are left in the organisation after the process has been completed.
Like many others, I have to confess to being one of those people who wants to be really good at everything I turn my attention to. I have driven myself (and probably many others) crazy with this perfectionist streak. Over time, I have learnt to manage it more effectively – and you can too.
As life becomes increasingly more complicated, being a perfectionist can have dangerous side effects. When it is just you in the world, it is easier to indulge your perfectionist streak. However, throw in responsibilities for a team, for a family, for a relationship and for some furry friends – well it becomes an increasingly complex juggling act.
Once upon a time, things were a bit more straight forward when it came to manners and the workplace. The manners that our parents instilled in us prevailed, and we learnt to take our cues at work from the senior and the successful. We learnt about a term called “professionalism”, and generally it was applied and understood by all in a corporate environment. Things were simpler then.
However, the waters have become muddied in the digital world and suddenly etiquette, manners and professionalism seem to be progressively optional. Well, for some. Not for all. And the separation between those who apply etiquette and those who don’t often strongly correlates with long term success and reputation. Without exception, in my experience the most impressive and successful executives, board members and thought leaders that I have met have been humble, gracious and polite. Coincidence? I think not.
Remuneration in today’s corporate environment is a complex beast. Anyone who has delved into the world of compensation knows that it is a difficult, but critical piece of the employment puzzle. It is important to have a strategy that is well considered and transparent, particularly in today’s digital environment where information abounds.
The basic premise of remuneration is quite straight forward. You aim to pay market appropriate rates for the fixed component of the remuneration package, and then ensure that you retain your best employees with performance based incentives. Ideally, the better the performance, the more impressive the reward.
Most organisations will have a set of core values. These will usually be proudly displayed on the wall and may even make it as far as the annual review or company website. But how often do they truly mirror the organisational culture? Too often the values are not in sync with how an organisation really operates. Here I outline some of the tell-tale signs to look for when the values have no bearing on reality.
Culture is an interesting topic and one that is often an important focus for prospective employees, clients, partners and share-holders. The core values are seen as the beacon of what the organisation aspires to in terms of culture. While a vision articulates a company’s purpose, the values offer a set of guidelines on the behaviours and mindsets needed to achieve that vision.