Lilia Sandoval
Southern New Hampshire University
OL -620 Total Rewards
Professor Jenkins
Date: Jun 17,2022
Managing talent during a period of crisis is something companies must be aware of.
Especially after dealing with the COVID-19 pandemic, which caused a lot of businesses to
close. It results in these current side effects of the economic crisis with the spike in inflation
and unemployment. In the article chosen, they discuss alternatives to manage talent without
making cuts in the workforce during a time of transformation. The short-term effect, when
laying off employees, benefits the company when it comes to the operational cost. When the
medium effect follows that's when the company really beings to struggle. With that being
said, now that they don't have as many employees. It forces others to do double the work to
keep up with production. When you decide not to lay off or fire anyone, you must look for
more innovative solutions, and when you're successful in doing that, that leads to an
improvement in the economic performance of your company (Wharton Staff, 2008)
Luckily during the pandemic, my company investigated other innovative solutions,
which resulted in a lot of employees teleworking. When it came to the medium term the
cooperation noticed that working from home vs the office didn't make a difference in
production. Because of the results the company leased out our office to others, benefiting and
saving the company money. This also incorporated a better training plan and weekly check-ins
to get updates on the company's turnover rates. When we manage talent correctly, we are in
better shape to deal with a crisis. (Wharton Staff, 2008).
As the leader of human resources, I would have done the same. As the article states when
you decide not to lay-off or fire anyone, you must look for more innovative solutions, and when
you're successful in doing that, that leads to an improvement in the economic performance of
your company (Wharton Staff, 2008). What I have observed in my studies from my degree work
is that the employees are the key to success and a successful company. Allowing the employees
to work from home, feeling safe from the pandemic, showed the employees that the company
cares. Another benefit that the leader of HR gave to the employees was giving them access to
free counseling, to help deal with the isolation and Teladoc for any quick doctor visit from home.
A company that develops confidence and generates these conditions motivates its talented
personnel to produce more than it has ever produced.
Resources:
Knowledge at Wharton Staff. (2008, October 15). Managing talent during a period of crisis. Knowledge at Wharton. Retrieved June 17, 2022, from https://knowledge.wharton.upenn.edu/article/managing-talent-during-a-period-of-crisis