Remain calm and encourage communication Over the past 14 years of building my company, my team and I have weathered many storms together. Remaining level-headed in the midst of change is how we’ve kept afloat, despite previous setbacks. According to Gwen Moran in a story for Fast Company, the way we react to stress plays a key factor in our team’s performance. “Managers who get angry or withdraw when the pressure is on hurt team morale,” she writes, “and teams are more likely to miss deadlines, exceed their budgets, and fail to meet quality standards.” Which is to say, a calm mindset is more important now than ever. This makes sense, we can’t really transmit confidence or boost morale if we’re paralyzed by fear. … [Read more...] about The secrets to maintaining employee morale through the pandemic
Company gps tracking employees
It was not like these partnership did not exist before. They did. But it is the pace that was surprising. In March, an IT service provider like Infosys partnered with US tech giant IBM to help customers migrate to cloud. A dozen such partnerships and new product and platform launches followed since then to cater to the new demand. … [Read more...] about Reskilling is probably the biggest challenge for the IT companies amid the pandemic
Q: Have you found some means to e-socialise with your teams outside work, given all of your colleagues might be remote?A: About 10 days into WFH, I realised we were all feeling grumpy and missing the social side of the office. In the absence of any known protocols here, we came up with a few. I run a Zoom fitness class with a group of colleagues every day which is great fun as we get to bond over an activity. I also regularly set up coffee chats with different teams over video call and even had an online Pictionary session with some managers across teams. … [Read more...] about Virtual Leaders | A part of me was refusing to accept the lockdown would be long: Urban Company co-founder Varun Khaitan
Of course, like the entire tourism industry, the coronavirus pandemic has had an enormous effect on Airbnb’s finances. New bookings stopped, cancellation rates soared, refunds to hosts and guests cost millions, and revenue fell, even as cost-cutting measures such as layoffs were implemented. To help mitigate this, it was forced to fundraise $2 billion in debt and equity securities in April 2020 with onerous terms. … [Read more...] about How Airbnb got its IPO plans back on track
Of course, there are some infractions that are clear cut: if someone commits fraud, harassment, or does anything that is illegal or harmful the rules are the same—they have to go. But if someone was a good performer before the pandemic and is now struggling, seek to understand what’s going on. Examine why their performance changed and explore what you can do to help them. Did they do better when they were in the building and benefitted from working in an office? If so, maybe there is a way to get them back to the office safely. At one of the companies where I’m a board member, some employees were having a hard time working from small apartments in one geography, so we opened the building for them. (In another location we opened the office, and no one wanted to go; that’s okay too.) … [Read more...] about Should a CEO hold employees to pre-COVID performance standards?