Monday, June 7, 2021

New metrics for people

Post pandemic, people health has become a major metric to gauge organisation health. It is no longer business health or supply chain health or leadership vision or financial health.  

  • Policies have got changed to facilitate remote working
  • Performance is getting gauged from deliverables and not job context procedures and work behaviours.
  • Employee health is seen as Employees' family health as well
  • Percentage of employees vaccinated is seen as a safeguard to pre empt disruption. 
  • People valuations to drive up insurance costs and hence change of preception on risks.
  • Gains from real estate and establishment overheads.
  • Development accountability has got shifted from employer to employee.
  • Training allocations will no longer increase operation costs.
  • Compensation packages could be redesigned to increase savings by reducing work related expenditures like Travel costs.
  • Has increased insurance awareness amongst employees
  • Costs on Canteen, Pantry, housekeeping, laundry, refreshments, beverages at work, communication, stationary, office equipments, asset maintenance costs etc all have come down.
  • Employee availability and utilisation - beyond office hours.  - flexibility and consistency
  • Automation thru applications and web & cloud based services -increased speed 
  • Hiring & onboarding related cost and time - reductions.