RIGHT APPROACH
Avoid hasty decision-making; wait till the end of the lockdown or even end of the month, if possible. Instead of taking piecemeal calls, take decisions that are final
Before taking any tough decision, get buy-in from the entire organisation. Involve more people in the decision; ask for suggestions on where the company can save on costs
Go overboard with communication. Explain the rationale and the situation the business is in, not just through an email, but also personal meetings or a townhall
While the communication is not always pleasant, do not stop employee engagement activities that can be done digitally so that camaraderie in teams remains
Walk the talk. Leaders should be the first ones to take the brunt of a pay-cut. That puts out the message that they are trying hard to look out for the junior members
This story is from the May 03, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 03, 2020 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
It's Personal
Mixing work and personal tasks on work machines may be a done thing for many, but it makes sense to have a dedicated device for your personal needs. Here are two such devices
INTO THE BLUE
For WTiCabs Founder and CEO Ashok Vashist, scuba diving is not just an adventure sport. It is a pathway to connect with the ocean
"Challenges are opportunities"
AMIT JAIN CO-FOUNDER & CEO CARDEKHO GROUP CarDekho Group is a digital automotive solutions provider
THE WAIT FOR HIGHER PENSION
ALMOST 18 MONTHS AFTER THE SUPREME COURT RULING, SUBSCRIBERS WHO OPTED FOR A HIGHER PENSION UNDER THE EMPLOYEES' PENSION SCHEME CONTINUE TO WAIT AS THE EPFO, FACING A STAFF CRUNCH, TRIES TO FIGURE OUT THE MATH
"It's possible to have a 25% growth out of India from now on"
Rail Europe Executive Chairman & CEO Björn Bender talks about the India market, the shift to digital, and the way ahead
Evolving Strategies
Companies need to adapt to changing times for a strong workforce
PERKS PRESSURE
IT'S NOT JUST ABOUT THE MONEY ANYMORE FOR EMPLOYEES. FROM FOUR-DAY WORK WEEKS, TO SKILLING ON THE JOB AND MENTAL WELL-BEING EXERCISES, COMPANIES ARE OFFERING A HOST OF BENEFITS TO RETAIN TOP TALENT. IS THIS ENOUGH?
Turning Over a New Leaf
The integration of mortgage giant HDFC Ltd with HDFC Bank sets the stage for making the best of both worlds
THE FLEXIBILITY TO EXCEL
By offering employees multiple ways by which they can work and grow, Google has ensured that it gets the best from them
All About 'Learning & Training'
L&T provides its employees with a variety of programmes to help them grow professionally and climb the corporate ladder