For example, on the left side of the ‘restructuring spectrum’ we could find ‘underperformance’ and the solutions might be simple performance improvement measures or cost cutting. But it turns out one of the biggest HR challenges during 2020 has been simply maintaining culture through a crisis, rather than growing or creating culture. Many HR teams had plans to expand their workforces or create new company culture initiatives, but instead, they found themselves dealing with a barrage of issues: fully remote teams, new workplace health guidelines, distracted and stressed employees, and for some, a need to downsize. Things such as Friday virtual Beer o’ clocks, training sessions and daily catch ups made us close while being far apart.”. Firms must adapt to this situation, change their methods to survive, or find new activities. Get caught up every month on all things HR. In a survey of B2B marketers published on LinkedIn, only 39% consideredthemselves at least somewhat successful at tracking ROI. All rights reserved. By Ashley Bell October 9, 2020 December 13th, 2020 61 Comments. Learning from 7 of the best management books helps you internalize the nuances of people management topics and prepares you to pass those insights on to your employees. That’s why I created my latest venture Lisnic, a platform that connects business owners and entrepreneurs with various types of coaches to keep them on the right path. The Disney Challenge. No one expected things to go like this when we were planning for the year, but HR teams have been tackling HR challenges in 2020 with creativity and skill. At the beginning of the year, you might have been thinking about ways you could improve your company culture or potentially introduce new values or cultural initiatives. “I think 2020 has had lots of challenges for the Ag industry,” said Boxall. At BambooHR, we send out weekly announcements updating employees on things like when we’ll return to the office and giving them ideas for staying happy and healthy. According to him, “even though the outgone the year 2020 presented a lot of challenges, 2021 would by the grace of God be better. (If you somehow did, hopefully you were wise enough to buy stock in a loungewear company. Here’s the full list of Snowmando challenges and rewards. There’s a dual protective purpose: compliance helps protect employees from harm at work while protecting the organization from the penalties attached to labor laws. Disclaimer: The writer does not hold any positions in the companies mentioned. Share. It’s been a few months, so most of your employees and teams have created a new routine and are getting to be video conference experts. Tech. At the beginning of the year, you might have been thinking about ways you could improve your company culture or potentially introduce new values or cultural initiatives. The 2020 results for the Port of Antwerp highlight many of the challenges the ports confronted last year as well as the ongoing changes in the nature of the shipping industry. Challenges 2020 . Being in the software development space I worked in an agile environment which involved a high level of daily communication with my teams. leading to multiple customer touch points, it can be incredibly difficult to pin down which content activities are directly attributable to closing a deal or leading to a sale. While that can still cause huge disappointments and emotional breakdowns, it is dwarfed by challenges that are out of our hands. social, blog, newsletter, webinar, etc.) Healthcare Trends, Predictions and Challenges for 2020. Her HR team has been doing a daily meeting: “We start by asking how each team member is doing and a get-to-know-you question for fun, then we go over announcements from the leadership team, and wrap up by reviewing any other relevant updates or assignments.” While a video call can’t replace being in the office all together, it can help your team stay connected in the meantime. Even in the light of pandemic, internet-based businesses are booming: hiring people, expanding to the new markets. If someone has been thinking about starting an online business there is no time better than right now.”  But who could have predicted this? Search by theme, by location or by keywords. Keep remote employees engaged with tips from our free ebook. (If you somehow did, hopefully you were wise enough to buy stock in a loungewear company.). Make the Most of In-Person & Virtual HR Conferences [2021]. ), Many HR teams had plans to expand their workforces or create new company culture initiatives, but instead, they found themselves dealing with a barrage of issues: fully remote teams, new workplace health guidelines, distracted and, Human resource management challenges in 2020. are looking a lot different than what you likely planned for. Fortunately, my agency was always mostly focused to tech industries like fintech or cybersecurity, which during these times, grew tenfold. But COVID-19 will have put a hole in most plans. While this presents huge challenges as a service-based business, with the right staff and processes opportunities also arise. Copy link. close. That type of work seems manageable, and it’s comforting to feel like you’re checking boxes,” says Cassie Whitlock, director of HR at BambooHR in an article on adapting to remote work. Hopefully 2021 is a big improvement over 2020. Home. Entrepreneurs and start-ups in particular have had to face challenges they weren’t expecting – and many have had to change the way they operate, both internally and externally. Don't have a Benzinga account? At BambooHR, she focuses on creating content that gives people the tools and knowledge they need to do great work and create great workplaces. Earlier this year, the consultancy firm PwC issued its own report on the challenges for banking in 2020, more focused on internal aspects of the companies (it was conducted through surveying their executives) than on services and technologies, as was the case of the Fintech Conference. Solution: N… It has become more difficult to keep our previous life habits. Frequent communication can also help you make sure you’re not overloading your employees with information in single, lengthy dumps. Without seeing coworkers in person every workday, recognition can easily slow down or even come to a halt. 23 December 2020. Benzinga does not provide investment advice. If there’s ever been a time to prioritize relationships and ‘peoplework,’ it’s now.”. 2020-2021 Online Challenges The time is upon us! In fact, technology was highlighted by 30% of property managers as the biggest challenge, followed by turnover and cleaning by 18% and marketing (14%). By continuing to use this website, you agree to our use of cookies in accordance with our privacy policy. Executive. This has opened up a much wider net for hiring, as previously I would look for engineers from my city but now I am much more worried about culture fit then location. So many people have taken up new habits over the pandemic and a lot of that involves spending less on coffees, lunches and dinners. On the right would be insolvency requiring more drastic solutions such as using formal insolvency laws. 2020 promises to be an exciting year in global politics, from the impact of Brexit to the United States presidential election in November. Looking after our staff’s well-being was challenging, and something we addressed from the beginning of February. However, 2020 has presented a different kind of challenge for entrepreneurs, and all humans alike. I expect more companies to hyper-focus on customer service and convenience as a way to mitigate some of the challenges the past year has brought upon the world. Laura K. Inamedinova, Founder of LKI Consulting: “When rough times hit, the first department that loses their budget is always marketing. We also saw a massive increase in inquiries from logistics and e-commerce industries. How to manage your mental wellbeing when hit with something completely uncharted nor tied to your personal actions is something people & business owners alike are struggling with. In this document,90% of executives expressed their agreement on what … If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com. A large number of businesses have had to shut down, either temporarily or permanently. Have you thought about creating your own event? All the DigiEduHack 2020 challenges! Related Topics. Try talent management that actually works. + British Crime Classics Challenge. Share. Be sure employees have a channel for recognizing their coworkers and any incredible work. Shane Liuw, general manager of First Page Digital Singapore: “Covid-19 hit Asia particularly hard and early when compared to the rest of the world. According to Group Five’s recent 2020 Stock Plan Administration Benchmark Study of 1,117 public companies, many stock plan administrators are facing unprecedented challenges: Top worries shifted from reporting and participant education to simply managing plan design. Consistent communication builds a transparent work culture and trust between you and your employees. An uncertain political climate can often impact business, as it can lead to fluctuations in the economy … This was disrupted when we had to suddenly all work apart. So we must sustain a cordial working relationship in the new year. It’s been hard on everybody; it’s hard on mental health. This is why if you want to be successful, you have to be more ingenious, cleverer, and more efficient. Human resource management challenges in 2020 are looking a lot different than what you likely planned for. When it comes to the biggest risks, it has to be services spend. 2020 is a buyer’s market. “A year ago none of us could have anticipated the challenges that faced us this past year. ♦ NEW ♦ + Booklist Queen’s 2020 Reading Challenge. Nov 15th, 2019. Antoine Bechara, Founder of Antoine Bechara: “As for pretty much everyone, 2020 has been a bit of a roller coaster in regards to challenges and opportunities. 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