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“When the going gets tough, tough gets going”. But the fact is tougher time ask for smarter and prudent strategies. Is shedding extra fat all what a can bulky corporate can rely on this time of recession? Is it due time to think beyond it?  As most economist believe that the grilling is over and sooner or later a high tide is expected. So the tactical decisions for survival is over and what should be worrying most is the strategic decisions to be made.  So the question is how to be prepared to take the new wave that will hit our doorstep sooner or latter.

 Let us try to understand what keeps the dices rolling for each one of us.  I recently came across a very interesting blog which claim that career is based on a simple formula:

Career = S +LT

Where S= gifted skills, L = Learning and T= time

Let us extend this formula to analyze the effectiveness of the workforce.

How is this formula relevant to corporate which hardily managed to come out to the tough recession tunnel?  

Let us look at how each of the parameter matters to corporate. As we all would agree the key factor in the formula is “S” yes the gifted skills. But the hard part is that this “S” directly equates to “Money”.

Every corporate will agree that in tough time acquiring the right skill is an expensive proposition. No doubts that acquiring the best in the market is the safest bet but of course not that feasible option.

Now what are we left with, “L” and “T”. “T” which equates to the experience of the workforce and seems to be a more lucrative option. I know that some eye brows are already rising. Does experience guarantees efficiency or even yield in proposition. That is a question he recruitment team will be more than happily to evade.

Let us be optimistic and look at the brighter side and believe “L” is directly proportional to “Productivity” . Again the major stumbling stone would be the “Money” that we need to invest in acquiring experience. Experience which is for sure indispensable comes with a cost associated.

If the times were more rosy this would be a parameter that every corporate would be happy to settle with. But not when the times are tough and especially so wooly.

So what are we left with, that was simple yes “L”. Tough part is not elaborating the “L” but understanding it and effectively implementing it. Providing the workforce with efficient and effective means to learn might sound simple but hard to imbibe and harder to implement.

With high level of attrition laughing at the very crimson face of the corporate, should they still consider it as a viable option? I would like to differ give a different scenario as bringing in the most skill and experienced talent on board being the safest bet.

So are we talking about tactics of survival here? It would be completely wrong to say NO on my part, as I am not or at least that is not my intention. Let us take a leaf from our old chemistry book. I am sure everyone is aware of what a catalyst is capable of. Catalyst is a substance that accelerats the reaction without directly getting involved.

So what is this catalyst which came into picture from nowhere? Is it money? If it was money then we would not have bothered about “L” in the first place. So what is it?

I am sure everyone would act shocked but deep inside won’t mind say “Yes that was the missing piece”. Yes it is the very “Work Culture” we maintain in our corporate ecosystem that would be our life saving catalyst. I don’t want to emphasize more on it as I believe everyone would be more than happy to agree with me on this very fact. “Yes I am an optimistic person”

So let us revisit the formula (customized version)

I am sure you are in a hurry to make a call to your training department. Good luck…..

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