The pandemic forced everyone to rethink their priorities and work-life balance. They’re exploring their options and resigning if their current job doesn’t offer what they’re looking for. This is only a crisis for leaders who misread or mismanage the moment. For everyone else, it’s an opportunity.
Keith Ferrazzi spoke with Marketplace’s David Brancaccio about strategies for both employers and employees seeking to get the most out of the current labor market. The following is an edited transcript of their conversation.
Like everyone else, members of corporate boards have had to innovate quickly due to Covid-19. A once-in-a-generation economic shock has put vital strategic decisions on the table without the luxury of in-person meetings. Boards have had to balance the unfamiliarity of going virtual with the pressures of protecting their organizations from catastrophe.
While most boards are still finding that balance, a number of fast-adapting companies have found that virtual board meetings are better than the real thing. Aside from the obvious benefits of reduced travel and increased attendance, shifting to virtual has allowed boards to improve governance and collaboration through shorter agendas, crisper presentations, more inclusive and bolder conversations, and broader exposure to key executives and outside experts.
With the uncertainty of the COVID-19 virus growing, Keith Ferrazzi is coaching the executive teams of the world's largest organizations virtually. Companies like Delta, GM, & Verizon have pivoted from traditional avenues of engagement and into the virtual world to keep up. You can too.