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Expert View Dr. Anil Kumar Misra

HR Budget-2021

Challenges Post COVID-19

We all come across phrases like “This is the new

normal”. I do not believe in the statement as there is
nothing called a new normal. What seems new normal

today, organizations are going to evolve and make
processes and strategies to deal with the situation till

another crisis hits us in future.

We all come across phrases were forced to shut their shop.
like “This is the new normal”.
I do not believe in the The focus is now on prioritizing the
statement as there is nothing absolute non-negotiable things and
called a new normal. What seems new spending cautiously after analysis of the
normal today, organizations are going cost-benefit in detail.
to evolve and make processes and
strategies to deal with the situation till The pandemic also taught managers to
another crisis hits us in future. separate “Good to do” from absolutely
essential “Must to do” activities.
Like most organizations, we too had Organizations have started operating
prepared our Annual Operating Plan business in the most optimized manner
and were waiting eagerly to start the and spending cautiously, keeping the
new fiscal year 2020-21. However, long-term objective in mind.
when Covid-19 struck in late March
it changed the entire paradigm of the Some of key aspects which saw a
way organizations functioned. In the change in the operations style –
first quarter, it was important for most
organizations to stay afloat and focus Talent acquisition activity had
on the “most important things to do” slowed down and hiring for the most
followed by the “good to do” aspects essential positions is taking place
which took a backseat for some time. while optimizing the costs. Focus
has shifted on proactively building
Organizations with healthy cash reserve a talent pipeline and preparing for
found it easier to manage the core Dr. Anil Kumar the future talent needs. However, as
business with less pain in comparison Misra a practitioner, I believe “Talent will
to corporates who were playing the Chief Human Resources always be a winner irrespective of the
game of valuation. Most of such Officer, Magicbricks times that we go through”. The reason
organizations with a poor P&L status for making such a statement is even

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