How roles have changed during COVID. As humans, we like to predict and control. However, reality has different plans for us and currently, a lot of roles are evolving to more near term focus. This is an overview of what we're seeing -
1. Extreme focus on cash:
Finance always focused on cash but right now, the scrutiny is extreme. And rightly so.
2. Almost no long-term strategic planning:
You can't plan for the next 3-5 years when you don't know what's going to happen next month/quarter. Short-term planning is the new focus.
3. Reimaging how we work:
Not just Facebook, Shopify, Google etc. but also almost all companies are reconsidering the benefits of remote work. They may not make employees permanently remote but even moving from no WFH to WFH 2 days a week would be a big win. That's likely to have a big change in how people commute, where they live and hopefully reduce congestion in cities.
4. Focus on Retention:
A lot of high-value, cash-burning startups had an excessive focus on new sales and relegated their retention metrics. That's not smart during any period but especially now, retention is critical for survival.
5. Double duties -
Due to paused hiring, some...many people are doing the work of more than one person and it's unlikely to be for extra pay. This is not healthy in the long term, both for the people and the business. But this is where we are.
1. Extreme focus on cash:
Finance always focused on cash but right now, the scrutiny is extreme. And rightly so.
2. Almost no long-term strategic planning:
You can't plan for the next 3-5 years when you don't know what's going to happen next month/quarter. Short-term planning is the new focus.
3. Reimaging how we work:
Not just Facebook, Shopify, Google etc. but also almost all companies are reconsidering the benefits of remote work. They may not make employees permanently remote but even moving from no WFH to WFH 2 days a week would be a big win. That's likely to have a big change in how people commute, where they live and hopefully reduce congestion in cities.
4. Focus on Retention:
A lot of high-value, cash-burning startups had an excessive focus on new sales and relegated their retention metrics. That's not smart during any period but especially now, retention is critical for survival.
5. Double duties -
Due to paused hiring, some...many people are doing the work of more than one person and it's unlikely to be for extra pay. This is not healthy in the long term, both for the people and the business. But this is where we are.
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