People Matters - August 2020

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Performance and Rewards in the New Normal
Businesses globally were in a turmoil when the COVID-19 pandemic started spreading its wings throughout the world. They faced unprecedented challenges to adapt to the changing environment. Employers’ top priority became employees’ safety and business continuity. But now, as we slowly move toward the post-pandemic world, the business and HR leaders are looking to reset workplace and people policies in the new reality of work. Businesses are increasingly realizing the dire need to focus on employees’ feelings and state of mind to ensure productivity during this tough time. When almost everyone is working remotely, it becomes crucial to ensure that the right talent is retained and engaged and that they follow the most relevant performance management framework. The cover story of the August issue delves deep into the new performance and reward metrics that organizations should consider, to help businesses make the right decisions as they move toward the new normal..

Redeploying Talent Post-COVID-19

To survive and thrive amid the COVID-19 crisis and beyond, organizations have to now focus on redeploying and reskilling talent with better data insights, market awareness, and agile organizational culture

7 mins

‘Embrace the new normal or be left in the dust'

The technological shift prompted by COVID-19 has led to entirely new classes of business opportunities and threats. There is much for both companies and individuals to adapt to. Michael Simpson, CEO and Founder of PAIRIN, shares some thoughts

5 mins

REVISITING PERFORMANCE AND REWARDS IN THE NEW NORMAL

As we slowly come out of the pandemic, business leaders should start redesigning performance and reward structures that drive right employee behaviors in the remote working world

1 min

Companies that succeed amid COVID-19 will be those that prioritize people: Walmart's Donna Morris

We will do whatever is required to empower our people – and that might mean making changes to our systems, among other efforts such as investing in workforce training and education, says the Chief People Officer of the retail giant, in an exclusive interaction with People Matters

6 mins

We focus on self-authored objectives aligned with organizational goals: Novartis' CPO

Steven Baert, the Chief People & Organization Officer of Novartis, talks about the impact of COVID-19 on the healthcare industry, how the company is adapting to the new normal including how they are managing the performance of their employees and rewarding them amid this crisis, in an interaction with People Matters

8 mins

Employee assessments must be based on reasonable performance expectations: Head, HR, HSBC Singapore

COVID-19 may have a significant impact on our financial results and our variable pay is awarded on a discretionary basis taking into account ‘what’ has been achieved and ‘how’, says Brandon Coate, the Head of Human Resources for HSBC Singapore, in an interaction with People Matters

5 mins

We must act and do what is right: F. Hoffmann-La Roche's CPO

In an exclusive interaction with People Matters, Cristina (Cris) A. Wilbur, Chief People Officer, F. Hoffmann-La Roche, shares her views on how healthcare companies are reacting to the pandemic and how the rewards and performance landscape is transforming in these times

4 mins

Talent pool is now a global one: Ian Tyler, Talent International

In this exclusive interaction with People Matters, Ian Tyler, the Chief Strategy Officer of Talent International highlights how highly skilled and specialized contract workers are likely to be in high demand even during COVID-19, perhaps sufficiently to offset even the pandemic's impact on their opportunities

5 mins

WFH 101: What happens when IT is in lockdown?

With lockdowns around the region being extended or reestablished, the burden of keeping workflows smooth and functional continues to fall upon the IT professionals. Here are some areas they can include in their bucket lists

5 mins

The big reset calls for resiliency and adaptability: Epicor's CHRO

In an exclusive interaction with People Matters, Jignasha Amin Grooms, Chief Human Resources Officer, Epicor talks about the short-term as well as the longterm impact that COVID-19 will have on corporate culture, how it will forever transform HR’s role, and how technology would enable organizations to bring back normalcy in the new normal

8 mins

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People Matters Magazine Description:

People Matters is India’s leading magazine in the Human Resources space for the HR community that aims to foster the amalgamation of new ideas between HR Leaders, HR Service Providers and CXOs, leading to growth and development of their most important asset – PEOPLE.