How Organizations Can Shape Their Culture For The New World Of Work

KEY POINTS
Since the start of the pandemic last year, organizations and employees across the world have embraced remote work like never before.
Will people return to the office when it’s safe to do so? Since the start of the pandemic last year, organizations and employees across the world have embraced remote work like never before.
Office workers, freed from the confines of corporate headquarters, now perform their tasks, meet with colleagues and customers, and maintain high levels of productivity all from their homes using cloud and other online collaboration tools.
For many industries, including IT, banking, and other financial services, it is highly unlikely that workers will return to the office in the same way as before, even if current efforts at vaccinating against COVID-19 are wildly successful.
The new hybrid work model beckons
Organizations that have made progress on their digital transformation journeys and have implemented the latest technologies, systems, and processes to enable remote work will simply have no need to go back to how things were. In fact, most will likely continue on a trajectory of fewer face-to-face engagements, less commuting, and less need for incurring the expense of fancy offices and beautiful foyers.
Instead, organizations are likely to develop and refine hybrid working models, with a mix of office and remote work based on each organization’s needs and the employee’s personal productivity requirements.
Read More: Future of Work: Offices Are Becoming Social Meeting Places
The shift to hybrid work models will require that organizations develop new strategies for employee engagement to ensure teams are operating effectively and that often scarce talent can be motivated and retained.
The growing importance of EX
To achieve this, organizations will need to ensure they can deliver a consistently positive employee experience (EX).
In a recent study by Forrester commissioned by SAP, Qualtrics, and EY, the number of HR decision-makers that said EX is the most important aspect of their HR strategy had nearly tripled over the past two years, with EX budgets almost doubling over the same period.
Aspects such as learning, development and training, diversity and inclusion, and an open culture that encourages every employee to bring their authentic selves to the workplace all contribute to the employee experience.
It is vital that EX is not relegated to only the HR department or used as a tool to drive greater levels of productivity. Instead, it needs to be embedded in the company culture, driven by leadership across the organization, and shaped by continuous employee feedback.
The matter of employee feedback will be critical to organizations as they shift toward a hybrid work model. The Forrester study found that 71% of organizations find it challenging to gather real-time information about the employee experience.
Experience management tools that help track employee sentiment and feedback and provide HR departments and company leaders with real-time insights will be critical to efforts at building consistent, positive employee experiences.
Culture takes center stage
Eight out of ten (81%) employees in the Forrester study believe creating and sustaining a positive culture is the most important aspect of creating a good EX. It is therefore vital that organizations take time to clearly define their culture, and take into account the changing world, likely long-term economic downturn, and the effect of the ongoing pandemic on employee wellbeing.
Organizational strategies will need to incorporate three key areas into their cultures to effectively support the new hybrid workforce:
Trust
The new realities require that organizations build trust within their teams. Companies will need to create opportunities to set expectations with employees, and then consistently and continuously deliver on those expectations.
Transparency
Top-down decision-making doesn’t work when centralization doesn’t exist. The new world of work will require decision-making to be decentralized, which naturally requires knowledge and access to information. A clearly defined value system can also guide decision-making even when team members are cut off from managers or executives.
Teamwork
The past year of remote work has revealed the importance of teams having access to other teams that have different skills, networks, or abilities. This requires that internal silos are broken down and teamwork is prioritized. Organizations should foster a shared sense of victory to encourage teams to work together toward common goals. Teamwork can help build greater cohesion, improve decision-making and alleviate or limit unethical behavior

About Soko Directory Team
Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory
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