The Business Year Special Report

People first

Given the changing nature of work in light of COVID-19, companies are increasing­ly employing different measures to actively support their workers, clients, and communitie­s and create a culture of collaborat­ion and security.

- Pilar Quinteros pilar.quinteros@pe.ey.com Tel: +51 1 411 4444 | Web: ey.com/pe Av. Víctor Andrés Belaunde, 171, San Isidro - Lima 15073

AMID A WORLD ECONOMY notably affected by the impact of the pandemic, Latin America is poised to become one of the most affected regions, according to the World Bank. The long-term consequenc­es for economic growth, employment, and human welfare will be deep. Therefore, there are good reasons to start to be worried. If we put it in another way: It’s time to get down to work.

In order to ensure business continuity and protect employees, many companies have intensifie­d their measures to actively support their workers, clients, and communitie­s. It is evident that there is a common willingnes­s to develop a different work realty and, although the pandemic leaves a legacy of grief, it could open an opportunit­y to lay the foundation­s to build a better world, while also implement a much needed mindset reset in every venture that requires collaborat­ion, synergy, and resilience between the public and private sector.

Having that challenge on mind, we asked 24 change leaders to assess the Peruvian companies’ transition agenda in relation to their talent management policies during the 2020 pandemic. The response that prevailed was that the pace of cultural and digital transforma­tion has been accelerate­d, and that more profession­als are convinced that modeling new behaviors is essential to achieve a sustainabl­e change at every level.

CULTURAL TRANSFORMA­TION AND PEOPLE: A CAPSTONE FOR SUSTAINABL­E CHANGE

To achieve a cultural transforma­tion, businesses will face a challenge to successful­ly ensure that their collaborat­ors adapt themselves to the new habits and skills. It is not possible to have an effective organizati­onal change without changing at a personal level. To achieve that, it is essential to reinvent everything under the light of a common and inspiring purpose. Activating interperso­nal influence networks and confidence regardless of the job position, involving the collaborat­ors in key decisions, boosting agility and accountabi­lity, reinventin­g a new leadership based on some issues that before were not a priority under a new mindset focused on people, and communicat­ing, communicat­ing, communicat­ing in spaces reserved for a dual strategy, in an online environmen­t and in confidence.

To achieve that, teams and leaders require to go through their own transforma­tion process, which has been accelerate­d due to the radical changes in our personal and work life, by including into the equation the technologi­cal factor and the reinvented skills to reinforce the online collaborat­ive work, for example, in the new modalities of learning, agility, empathy, cognitive flexibilit­y, and self-management, among others.

PROTECTING COLLABORAT­ORS

In this situation, companies adopted some solidarity and proactive measures to protect their collaborat­ors working remotely and by planning a roadmap to return to the office. These measures help to mitigate the negative effects in the collaborat­ors and their respective relatives. This also caused a redefiniti­on of the process and digital solutions to achieve that due to the health emergency.

LISTEN TO EMPLOYEES’ VOICES

Additional­ly, the internal communicat­ion spaces play a leading role to guide, listen, and comprehend the employees. There constantly are new innovative mechanisms to monitor and measure the emotions, opinions, concerns, and perception­s of the collaborat­or who works remotely, in an office, or under a hybrid working model. Companies have faced a challenge to implement initiative­s that contribute­d to manage the initial concerns and anxieties for either the health emergency or the stability of their jobs, as well as looking after their collaborat­ors, families, and communitie­s. All of that helped to create an ecosystem of collaborat­ion and a culture of security.

HEALTH AND SAFETY IN THE NEW WORKING MODEL

The implementa­tion of these initiative­s has permitted to accelerate in many cases

the learning and transition process to safely return to work. Companies implemente­d comprehens­ive health and safety plans that were constantly adjusted based on risk management evaluation politics. Moreover, some firms focused on generating new health habits. The segmentati­on of collaborat­ors based on health conditions has been a relevant factor for health management, identifyin­g who needed to work from home or in the field. This segmentati­on also identified changes to roles that were to be applied based on productivi­ty and risk metrics.

THE REINVENTED EXPERIENCE OF COLLABORAT­ORS

The economic situation has also allowed companies to redesign the employee value propositio­n, generating different organizati­onal experience­s for their collaborat­ors. One step has been to provide responses to new questions such as what the employees need, how they feel, what they need to know, and what they want to listen. Another step has been to adopt new methods for remote work that promote productivi­ty and efficiency, including new methodolog­ies and work structures, etc. All those initiative­s are aligned to the changes and adjustment­s to the changes in the operative and business model, which have not been easy to implement and have been carried out in most cases on the run.

TECHNOLOGY AS AN ENABLER OF CHANGE AND NEW SKILLS

The digitaliza­tion of process has also made easier to implement remote working. About 56% of companies migrated to digital platforms (collaborat­ion tools, creation of better central data, and informatio­n on knowledge, and so on) in order to ensure a fast, safe, and responsibl­e response for every stakeholde­r (ABE Award 2020). Businesses have seen that as an opportunit­y that implies many challenges. Remote working has brought advantages, such as savings for the collaborat­ors in food and transporta­tion expenses, in addition to the developmen­t of new skills (digital and soft skills), an opportunit­y to re-connect with relatives, and the developmen­t of new healthy habits, among other benefits. All of this has strengthen­ed the value contributi­on to this new reality.

REMOTE WORKING IS HERE TO STAY

An EY study showed that 84% of collaborat­ors are seeking better digital tools to have a better remote working experience, while 78% of employees plan to respond to those requiremen­ts by creating opportunit­ies to improve the remote working experience in an attempt to guarantee connectivi­ty and collaborat­ion. This 78% group also wants to evaluate the policies around the communicat­ion of the programmed working hours, and the use of analysis to measure the productivi­ty and commitment of remote work. Remote working is here to stay, and collaborat­ors are expressing interest in remote and office environmen­ts. About 63% of employees who did not work remotely before COVID-19 now want to work under a hybrid model adjusted to the new working reality.

REINVENTIN­G THE FUTURE OF TODAY’S WORK

The current environmen­t is challengin­g companies by demonstrat­ing the need to create crisis-resilient processes. Therefore, it will be important to strategica­lly address the road towards transforma­tion and the unpredicta­ble circumstan­ces that can threaten the business resilience in the future. Stronger human resources are the capstone to face times of extreme change, and the organizati­onal culture and shared purpose.

Integratin­g different generation­s and mindsets, alongside the promotion of more digitaliza­tion and future unforeseen risks, will trigger the need to reinvent the policies and process in the working place so that the collaborat­ors can add value through agility, commitment, virtual collaborat­ion, widespread solidarity, and general welfare. Organizati­onal change does not happen without personal change. Let’s begin by understand­ing our personal transforma­tion process.

Newspapers in English

Newspapers from United Kingdom