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COVID-19: 3 steps for the 'Future of Work'

• By Marcos Segador
COVID-19: 3 steps for the 'Future of Work'

April 29th, two days before the International Workers Day, the International Labour Organization published their latest assessment, where it was said that 68% of the global workforce were impacted by partial or complete lockdown measures related to the COVID19 pandemic. We do not need any ILO statement to recognize the enormous impact of this crisis on society and people’s life, especially for those more unprotected in the informal and gig economy. And there is a great consensus that this impact is not only short term, but a long term one. 

In this situation, business leaders should do three things at once: 1) manage properly the – so called - return to work, 2) understand and leverage the activity put into practice during the crisis, and 3) with all the fluid information available, redefine their strategy and way forward. Organizations have experienced and learned an amazing number of things in the last months. In a way, COVID situation was (and is) an unexpected catalyst for the so called “future of work” in multiple ways… and organizations should learn from this and capitalize on all that they have experienced. Just preparing the return to work properly and safely is not enough to succeed in the ‘new normal’. 

First thing first

In the above ILO assessment, they also estimate that in the second quarter of 2020, around 10% of working hours are expected to be lost compared to the fourth quarter of 2019 (last quarter prior to the pandemic). This is equivalent to 305 million full-time jobs. The effect of this crisis is transnational and transversal: immediate and urgent action is needed to protect jobs in parallel to keeping health safety to the highest levels. For this it is crucial to maintain links between employers and employees, keep large and small employers afloat and provide ways for income support and other safety nets directly to workers and households of the less favoured. 

In other words, we need to be sure about the present in order to think about the future: managing properly the – so called - return to work should be the first priority.

Companies and in particular the HR Service Industry and in particular staffing organizations should play an important role in this urgency, together with the rest of the stakeholders who influence the job market. Among others, there are three areas that would set a right foundation for a successful exit from this situation:

Understand what happened

As organizations are dealing with the unprecedented crisis that COVID19 has created, managers and teams have creatively found ways to maintain business fundamentals and revenue streams while dealing with the health priorities of the moment. We were doing things that in January would be considered ‘impossible’. And I am not talking only about sending complete organizations of hundreds or thousands people to WFH without a prepared plan in just days. Many organizations did this and at the same time were speeding up projects with projected duration of years in just months, were empowering team members to take decisions, were flattening structures, were engaging teams and gathering feedback as never before…

It would take time to understand everything that happened and most importantly, how the things happened in that way. As said before, if you want to utilize this crisis and get catapulted into the array of possibilities available for the future, it is not enough to just prepare for a safe return to work. We need to understand all the changes and adaptations that happened in this very short time and have the capability (at the same time) to chart a new path forward including all these new learnings. Only by keeping this in mind, we would be able to lay the foundations for the “future of work” for our business.

These learnings would be of course different for each organization. We found some common areas that majority of our clients did experience:

If you manage the situation according to appropriate values and culture and communicate your decisions proactively, the trust of your team would increase exponentially… and most probably vice versa too.  

Jump into the future

The speed and depth of the changes with which this situation impacts your strategy and way forward would depend on myriad elements: your sector, size, location, investment capabilities, etc. Every manager should take the learnings from the last months and apply smartly into their vision to create their own ‘future of work’. 

To create a clear plan for your organization, think strategically, conduct (and re-conduct) scenario planning—Plans B, C, and D—and be willing to adapt quickly is essential. Ladies and Gentlemen, hope is not a strategy. This is a time to make a difference. You should treat this COVID-19 crisis as a defining moment for yourself, your organization and your country.   As the Japanese say, vision without action is only “a dream” while action without vision is “a nightmare”.