“Worst since 2008.”
That’s a phrase that keeps popping up as the global economy witnessed a massive downturn due to the spread of the Covid-19 disease. With stock markets in freefall, supply chains broken, travel bans enforced, and millions in self-quarantine, it’s clear that most businesses will be negatively affected by the crisis. But just like the 2008 crisis, this too shall pass and businesses must prepare accordingly.
So how did businesses cope last time? What lessons can be learned from the past?
Jason Lemkin, CEO/Co-founder of Saastr and Nick Mehta, CEO of Gainsight answer these very same questions in their recent webinar.
“Worst since 2008.”
COVID-19 is here, and there's no escaping the effects that have already impacted our planet. Remote work is at an all time high as city after city locks down. The stock markets of the world are reflecting this uncertainty in the business sphere, with companies across the planet reeling and trying to fill the gaps.
24 March 2020.
"All great changes are preceded by chaos," someone wisely said and posted this on the Internet.
I remember being so nervous for my first day of kindergarten at a small private school in Lower Manhattan my parents had selected. I was leaving the familiar confines of my preschool and the friends I had made for a whole new school. To me, it was the biggest crisis I had faced for most of my life. I remember waiting for the first day: September 11th, 2001.
Topics: leadership, building a positive workplace culture, mindful leader, employee first culture, employee experience, mental health, coping with coronavirus, remote work, work from home, covid-19, communication
As businesses around the world reel, information and disinformation spreads widely, and circumstances change in a course of hours creating a reliable, steady voice within your own company is crucial. Most every company worldwide has already gone remote, and while HRBPs and CXOs would normally be able to be the stabilizing force in person that’s obviously not possible. So what’s the answer to the conundrum of how to keep people safe, calm, and productive during this period? It’s simple: an in-house COVID-19 team.
“I’m probably working harder than Elon Musk.” That’s my roommate Kevin who’s a robotics engineer at a tech startup in India. While Kevin might be exaggerating here, I think he’s not too far off.
Topics: Positive work culture, creating a positive work culture, toxic work culture, changing a toxic work culture, mindful leader, employee innovation, hr strategic business partner, employee engagement plan, employee first culture, employee experience, moments that matter, mental health, coping with coronavirus, remote work, work from home
"This is the first point to be made: and the first action to be taken is to pull ourselves together. If we are all going to be destroyed by an atomic bomb, let that bomb, when it comes, find us doing sensible and human things—praying, working, teaching, reading, listening to music, bathing the children, playing tennis, chatting to our friends over a pint and a game of darts—not huddled together like frightened sheep and thinking about bombs.
Topics: Amber in HR, AI in HR, psychological safety, positive workplace culture, inclusive workplace, creating mindful leaders, employee innovation, hr strategic partners, employee first culture, employee experience, moments that matter, mental health, coping with coronavirus, remote work, work from home, saas, tool for remote work
If you haven’t been following the news recently, work from home has become the norm across many offices and corporations worldwide as the private sector attempts to help do its part in preventing wider transmission of COVID-19. Either at governments’ urgings or as a result of their own analysis of the situation more and more companies are closing their front doors and telling their employees to stay home. Social distancing is the best way to “flatten the curve” when it comes to stemming the spread of the coronavirus. Take a deeper dive into this Livescience article1 if you want to know a bit more about how the infection curve plays out in a variety of situations.
The gender pay gap is one of the most discussed workplace inequities of our time, appearing everywhere from The New York Times to Harvard Business Review to Forbes. However gender-inclusive organizations don’t just begin at equal wages, inclusivity needs to be built into the core of any organization’s DNA. It’s about instilling equity into the workplace, enacting larger policies that seek to even the playing field between men and women in the office. There’s no denying that because of preconceived notions about gender and gender roles that men and women will inherently, because of lack of awareness and mindfulness, be held to different standards at work.
“…I felt like the world is falling apart. While I sat there on my desk with a coffee mug in my hand, I could see my surroundings running in fast forward motion and I was beyond confused with what was happening. I wanted to scream hard but no words came out and soon enough, another customer file was kept at my desk to work on. It is becoming a task to wake up in the morning every day. Heavy breaths, heart pounding to 100 miles an hour, heavy sweating, feeling choked have become more frequent. My friends tell me it is a phase and my colleagues laugh at me for being too sensitive.”
Topics: building a positive workplace culture, changing a toxic work culture, inclusive workplace, mindfulness and leadership, employee first culture, employee experience, mental health, coping with coronavirus
As a young company, we at inFeedo have always been hyperconscious about diversity and equality in the office.
Last week, I was at one of the product demo (trying to understand how Amber works better; part of our induction program) while researching on some data for an article on the wage gap in India when I started talking with a new team member in our Customer Success team. I discovered that she had done some non-profit gender equity work before joining inFeedo. When she saw the statistics in my research, she was unsurprised.
The banking, financial services, and insurance (BFSI) industries contribute a significant percentage to the global GDP, employing several million people around the globe. But when it comes to the people who work in the sector, they seem far from engaged and happy.
'Customers do not come first. Employees come first. If you take care of your employees, they’ll take care of your customers.' A whopping 75%1 of organizations surveyed agreed with this statement.
In July 2019, Glassdoor’s Diversity and Inclusion Study (1) uncovered 49% or nearly half of the employees surveyed across US, UK, Germany, and France have experienced some form of negative bias be it:
Topics: diversity and inclusion in the workplace, promoting diversity in the workplace, employee innovation, successful employee innovation programs, employee led innovation, hr strategic partners, successful employee engagement programs, employee engagement strategy plan, employee first culture, employee experience
10 years ago, Vineet Nayar, former CEO of one of the biggest IT service companies in the world, turned organizational hierarchy on its head with four simple words: Employee first, customers second.
Topics: disengagement, culture, employee engagement, Amber in HR, AI in HR, Smarter with Gartner, diverse and inclusive workplace, mindful leader, employee led innovation, hr strategic partners, employee engagement strategy plan, employee first culture, employee experience, moments that matter