Even before Covid-19, advancement in terms of improving the performance management system (PMS) and measuring productivity was well under way. Organisations, all around the world were rethinking and incorporating progressive changes in the PMS, but the pace of progress was slow and incremental.
The current crisis has, however, pushed organisations to think afresh, and quickly. As organisations are grappling with issues like cash crunch, erosion of demand, disruption in supply chain, leaders are forced to look through a cost-conscious lens and go back to the drawing board to redefine their workforce model to come up with solutions to do more with less.