Although the turbulence of the Covid-19 economy is temporary, we will feel the ripple effect for some time to come. These scars, like those of a C-section, will give rise to new life.
1. “When you like a flower, you pluck it. But when you love a flower, you water it daily.”
The more forward-thinking executives will have anticipated possible downturns and will already be executing their contingency plans. They steer the company forward to a more certain future. What better opportunity than this to upskill, build culture, implement technology, start back projects and review processes and operating costs. They work hard to keep everyone on board. They continue to nurture relationships, and their teams collectively embrace the changing environment.
2. “It is better to travel well than to arrive.”
The less agile Managers will be feeling stuck as they react to the mid-term economic volatilities. It could be merely working in the wrong industry at the wrong time. They are treading water as they navigate their teams through the rapids. They make difficult decisions; job elimination, wage/hour slashing, budget cuts and redesigning positions to be ambidextrous. Here the challenge is not only to hold onto talent but to keep everyone engaged and optimistic. Be wary that key staff may start job hunting once the economy recovers. Model empathy and a sense of humour – we are travelling this together.
3.“Three things cannot be long hidden: the sun, the moon, and the truth”.
Regardless of where a business falls on the impact continuum – open, positive and proactive communication with all stakeholders is vital to maintain long-term trust. We are currently seeing whole workforces make massive shifts. Skills are transferable, but broken trust is not.
4.“You only lose what you cling to.”
Most people know that water will run through their fingers much faster if they clench their fist. Being nimble, humble and moving forward without dwelling. Giving up control does not come naturally to everyone. Leaders will step up and assist others to adapt. Do not allow your workplace to become an Australian Survivor episode. Rally a teams to elevate morale. Ensure that struggling colleagues are invited to join in! What has happened is in the past. What we do NOW is all that counts.
5.“The mind is like water. When it’s turbulent, it’s difficult to see. When it’s calm everything becomes clear”.
Remember that sometimes, it is okay to do nothing. Keep your balance, don’t fight change, collaborate calmly so a plan emerges that everyone can live with. Global economics are beyond our control, but the ability to relax and weather the storm is not. With the household lock-downs and lack of commute, many of us have more time than ever to contemplate what we are really wanting to achieve in life. Some are directing their energy into retention and adaptation strategies – whilst others are happy to voluntarily step down and refocus on personal aspirations, further education and home responsibilities. The most important tool to have right now is a growth mindset. This is what will keep us employable in the future.
6.“No matter how dark it gets the sun is going to rise again”.
Fantastic businesses will startup during this time, leaders will be found, new skills will make us better professionals and recalibrated teams and new work processes will refresh our work environments. In a sense, this is our time to be born again.
Please call Niki on 0434342912 or email Niki@futureproofstaffing.com if you or your organisation would like assistance with recruitment, outplacement services, career mentoring or resume writing. We would be happy to help!