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Leadership in Today’s Workplace

Amidst the unpredictability of the world economy which was a result of the prolonged Covid-19 pandemic, the current work environment in organizations worldwide needed to be adapted and transformed. Under the Thai government’s administration, measures to prevent and tackle the outbreak were imposed in 2020 among which were lockdowns, minimized travel, limited group activities and work from home policy. In response, corporate leaders were compelled to adjust their work behaviours and shift from face-to-face meetings to online meetings while working from home.

Aside from the pandemic, technological changes also play a critical role in business operations today. Bangkok Life Assurance PCL decided on its strategies titled Change for the Future and Go Beyond the Limit a few years ago with the aim of driving the organization to stay abreast of technology development and be ready for sustainable business evolution. The management and human resources planning are, thus, more significant than ever. The Company is thriving to develop all leaders, successors and talented individuals across the organization as its priority to prepare for any future challenge.

In this regard, Leadership is crucial when it comes to preparing for management in any situation which may arise. This is so that the management can plan and solve the problems together. At the Human Resources Management Department, we began by establishing a foundational leadership model to formulate appropriate current leadership competencies which need to be strengthened and developed to achieve organizational objectives as well as to increase customer confidence in sustainable management.

In the past three years, we have had the opportunity to revisit and lay the foundation for human resources management in various HR core grounds. Significantly, development in the areas of leadership, succession planning and talent management has been at the forefront of our focus which includes a concrete plan for learning and

leadership development i.e., performance improvement program (PIP) and individual development plan (IDP). All of this is done to ensure that our successors and talents are ready to fulfil the vacant positions appropriately. We also believe that internal talent and nominated successors are identified as human assets for the Company. We aim to fill their competency gaps through the scheme designed specifically for succession planning with the linkage to promotion or replacement in positions as well as backed by the compensation package.

The implementation of plans and strategies in leadership development has created benefits and values in the following three key dimensions:

– Employee dimension

– Departmental dimension

– Organizational dimension

Keeping a lower percentage of talent resignation measured by the B grade and above is one element of HR KPIs. Thus, HR acts as a bridge between the needs of human capital and executives by focusing on talent management – given that talent is the ultimate differentiator between companies, products, and services. HR, therefore, becomes the significant protector of the talent group to keep them working in the company as long as possible.

Bangkok Life Leadership Competency, which is achieved through the cooperation of the executives in participating workshop by considering Bangkok Life’s DNA Leadership and obtaining Leadership Competency in all six areas which are Visioning, Decision Making, Change Management, Managing and Developing People, Communication and Business Innovation.

The Company has established competencies at various levels with the objective to be used to measure the knowledge, skills and behaviour of employees in accordance with

the goals and standards of the organization by competency evaluation which is one of the components of the annual performance appraisal that is used as a tool to assess the potential of leaders in the organization, individual development plan: IDP- to develop knowledge, skills and competencies to be able to work effectively.

In 2021, HR has designed the Leadership Development Program together with a well-known university based on leadership competency gap results as seen in the following sample topics. The course takes around two or three months with the certificate provided on the ceremony day.

Sample of Leadership Competency Gap and Topics for Development 

 

Nevertheless, Leaders should keep their knowledge and skills up-to-date to gain better performance across departments and organisational KPIs. This is because leaders are the key people who need effective management and coaching skills as a mentor of their subordinates. Therefore, we are determined to foster strong leadership skills to build talented organisations that can move at the pace of today’s business and help shape the new world of the workforce effectively.

Key factors influencing the loyalty of the employee

Mr. Gosh takes the listener through one of the most paramount goals of an organization: earning the loyalty of their respective workers. Mr. Gosh shares his acquired knowledge, spanning over 20 years in the field of HR, in the form of this podcast and urges the listeners to develop and curate habits and practices that generate unflinching loyalty. Take a stroll through this 5-parter podcast and learn the ways to retain and create talent and optimal output.

Tips to how HR can Motivate and Engage New Hybrid Workforces post Covid.

The pandemic has made the professional world more challenging than ever. With the backdrop of a more unstable workforce, organizations are realizing the value of efficient employees more than ever. With all the uncertainty and dynamism in the air, HR professionals are indispensable now.

Companies have had to tirelessly innovate the organization structures to accommodate changes. Due to frequent separation of employees, workflows have had to be redefined and manpower planning has become more complicated. Job descriptions have evolved and become more fluid, making recruitment more challenging amidst a shrinking budget. Given the current state of things, it is imperative for companies, both large and small, to focus on employee retention. Onboarding and building a sense of belonging in any new hire’s mind cannot be done through conventional means anymore. Earlier, the infrastructure of offices in itself played a role in engaging new employees. But now, HR is forced to think outside the box.

One of the contemporary innovations is the hybrid working model, which combines both working from home and working from office. This has the potential of being both a boon or a bane, depending on the implementation. HR professionals have been brainstorming, ideating and endlessly improvising to ensure a committed and uninterrupted workforce. The crucial thing here is striking the right balance and enabling the transformation, both physically and psychologically. If and when employees are coming to offices, HR needs to plan what number of employees need to be available at the same time and at what intervals. Policies for this would range from planning the transport to understanding which employees are interdependent on each other. One common model evolving is where localites are being called to work first and people from out of station are being given the option to report to their nearest branch instead of one fixed branch. Even attendance policies have had to be reframed to define how many hours an employee has to spend at work. Productivity patterns have reformed a lot. After employees have worked from home for all these months, it will be difficult for them to sit at their desks and be continuously productive for hours at a stretch in office, especially in a hybrid model where working from home will still be in the picture. Policies to accommodate small regular breaks while working would need to be put in place. Plus, more attention needs to be paid to employees’ families, since schools are not operating like they used to.

One of the greatest weapons in an HR’s arsenal used to be recognition. However, not only is it more difficult to measure performance now, it is also more difficult for keep everyone updated with their peers’ accomplishments. Performance review policies need to be restructured to identify key performers. KRAs and KPIs must now be aligned with the new working model. With roles becoming more fluid and open ended, career objectives are also becoming multi-dimensional. A simple “Employee of the Month” is no more sufficient. Matrices to measure intangible contributions such as leadership skills need to be developed. This can be done by asking leading questions, communicating more often, and structuring rewards accordingly.

Communication policies too need to be redefined to make sure loyalty is built amongst the employees. Certain organizations have come up with virtual “water cooler” channels wherein employees can have informal communication in office hours. These channels are crucial for maintaining the balance. Periodic automated feedback, HR Skip meetings, monthly self-appraisal, are all some simple ways of implementing formal communication channels.

The most basic requirement of a hybrid model would be to blur the boundary between office and home. The comfort level at offices will have to be increased to make the frequent switches in work environment friction free. Actions for this could range from something as simple as putting more comfortable chairs in offices, to something as complicated as being focused on the output rather than work hours. However, that said, it is also essential to value work-life balance. Employers must realize that covid-anxiety is real and going forward, mental health needs to be factored into decision making.

The beginning of the pandemic witnessed a global recession with millions losing their jobs. But now that the world is slowly accepting the new normal, we are seeing what is being called “The Great Resignation” or “The Big Quit”. America saw as high as 4 million resignations in a single month (April 2021). Europe too has faced resignations from over 6% of its overall working population in some major economies like France, Germany, UK, Belgium, etc. China is facing a similar phenomenon. It is all due to a dissatisfied and displeased workforce. Employees are wary of joining an organization which may resort to lay-offs when crisis hits. Even MNCs like Microsoft and Apple are spending millions to retain talent. The only way to manage all this change is to give credit where credit is due. Value the invaluable role that HR plays in any organization and start acknowledging that human capital is the most expensive and potent one there is.

8 Steps to how businesses can manage diversity successfully in the workplace

As I was interviewing some prospective candidates for a job interview, one of the questions I asked most of the candidates was “What is your view on “Diversity & Inclusion” ?

I was surprised that not many had an idea and a couple of them, who had some understanding related to this is either gender diversity or that India is a diverse country. Is diversity only limited to ‘gender’?   There is a need to understand the much wider scope of diversity and that diversity without Inclusion is meaningless.

Many corporates over the years have been speaking about diversity and some of them even relate this to Corporate Social Responsibility (CSR).  However, the fact is that this is not a  CSR, it is not hiring & promoting  more females into the organization, nor is it rolling out pleasant and small time benefits for the female employees.   It is not a   ’good to have’ but a ‘Must Have’ part of your business strategy, if today’s corporates wish to be globally competitive and become respected businesses. It needs to be looked at as one’s own responsibility towards the organization, towards the community of equals that you would like to build around you.

Diversity and Inclusion truly is a MINDSET CHANGE.

First and foremost, the corporate world needs to introspect whether they want to talk about Diversity only ‘to appear right’ or they truly believe in ‘being right’.  If it is the latter, then diversity alone is meaningless, we need to be inclusive in our approach.  For example, even if we hire a diverse workforce, what is more important is how ‘inclusive’ are we towards people with different gender, abilities, thoughts, beliefs, viewpoints, ethnicities and many more.  Without inclusion diversity has no relevance.  Therefore, before we even make diversity as an initiative in corporates, there is a need to have an inclusive mindset.  How many of us are willing to accept a person who is with ‘special abilities’ as a Manager , or for that matter from a ‘different gender’.    Do we welcome different viewpoints from our peers or our team members or do we stereotype them?  How true are our intentions towards taking initiatives around diversity?   The leadership needs to first and foremost have genuine and true intentions towards diversity and inclusion and win the trust of the entire organization by ‘walking the talk’.  To my mind, this is the STEP ONE and needless to say that STEP ONE is the most difficult one and is the biggest milestone.  Once this milestone has been achieved,  the rest of the journey  becomes a lot more seamless.  This journey can be instrumental in the organization turning from ‘Good’ to ‘Great’.

 

Some key points if kept in mind would lead to a totally effective and joyous experience for all.

  1. Involve all the stakeholders
  2. Effective Communication within the organization
  3. Training on Emotional Intelligence and Respect at work for all
  4. Walk the talk
  5. Diversity and Inclusion to be a part of the KPIs at all levels
  6. Diversity and Inclusion to be a non- negotiable value
  7. Define a ‘measurement criteria’ of the organization moving in the right direction
  8. Take course correction as and when required