FinTech Magazine August 2020 | Page 48

BANKING
48 organisation , seek broader consensus prior to implementing new strategies and find appropriate ways to maintain company morale through well-placed incentives . “ Leaders must play a central role in determining how successful their organisations are at adjusting to the immediate fallout of the COVID- 19 crisis . The uncertainty and longterm nature of the COVID-19 crisis will likely trigger further unanticipated workforce transformations that will reshape aspects of the future of workforces with permanent effects ,” McKinsey states .
A more fundamental cultural shift
DELOITTE
Human ingenuity + technology = innovation checklist :
• Pay attention to tech developments and use what ’ s available to anticipate the future .
• Ensure that the active workplace strategy is properly aligned with the organisation ’ s overall vision .
• Take the opportunity to realign corporate culture with new workforce strategies .
• Explore new paradigms for the existing workforce structure .
• Grant employees the latitude and responsibility to explore moving outside the boundaries of their role .
• Treat reskilling and workforce development as a resource .
• Establish clear risk and governance boundaries to reinforce responsibility and regulatory adherence . resources , tools and insights .”
AUGUST 2020