Thanks to the global outbreak of the novel coronavirus (Covid-19), countries across the globe have literally come to a standstill. Many have actually gone into complete lockdowns! This presents an unprecedented situation in itself!!
Talking about the ground situation, Lalit Rout, Head, Technology Infrastructure & Security, Reliance Capital Ltd, said that Reliance Capital has invoked the business continuity planning (BCP) for a business operation to combat COVID 19.
BCP is the process of creating a system of prevention and recovery from potential threats to a company. The plan ensures that all personnel and assets are protected, and are able to function quickly in the event of a disaster.
He added: “We are also working from home as a short-term plan. Later, we will decide on the long-term plan, hopefully, before 31st March, 2020.”
Reliance Capital is also retraining talent with modern skills. According to Raut, the company has identified the skills within, that the company would need, and also created a blueprint for sourcing them internally.
There is also a need to look at your organization structure for opportunities to create clearer career paths for employees. There is also a need to give the employees opportunities to work cross-functional.