3 phases of doing business through Covid-19

Three stages of adaptability will become apparent as the world navigates the most significant economic disruption it has seen in almost a century, according to Jane Kennelly, Frog Recruitment Business Director.

Kennelly added that Kiwi businesses are nimble and have responded creatively to the situation.

“Businesses have had to, and are, making some tough calls. They are reshaping teams and adapting their workforce to match the current market,” said Kennelly.

“One of our employers, a pharmaceutical company, has pivoted quickly and hired a temporary backup team to manage the volume of orders – all within 24 hours. Another, an IT business, has merged all their employees to form a ‘monster IT help team’ to support Kiwis across the country.”

Kennelly said in the last week, Frog Recruitment’s communications with more than 2500 businesses showed that this first phase has seen many Kiwi businesses doing well, pointing clearly to the strength of their ‘number 8 wire’ ingenuity.

“Millions of New Zealanders mobilised their home offices, education providers moved to online learning, and bricks and mortar businesses amped up their e-commerce offering.”

Jane Davis, Director of The Flourishing Institute added that the second phase in the Covid-19 cycle may be complacency.

“As New Zealanders get used to being in their bubbles, boredom will be the issue that needs combatting,” said Davis.

“A few industries will emerge as the clear winners in this second phase – these are likely to be entertainment providers, streaming organisations, app development companies, online training and online services.

“Plugging people into programmes to keep them focussed on positive mental health is key in this phase with topics such as managing distractions, thriving through change and building healthy thinking patterns ideal for employees in their home bubble.”

According to Davis, the good news is that if business didn’t have enough time to plan for the swift arrival of phase one they have time to act quickly for the second one.

“Digital transformation, already a trending pre-Covid-19 topic, is set to become a pillar to reinvent business models. From gyms and dance studios going to online classes, to medical supply firms exploiting  augmented reality to create new training programmes, to landscape design businesses offering video walk-through consultations when the landscaper can’t be there in person.”

When the third and last phase happens, a slow ‘return to normal’ will occur.  Our way of life may have been disrupted to the extent that previously considered perks, such as working  from home, flexible hours and four day working weeks, become the ‘new normal’. 

“Kiwis have been given an opportunity to test and enjoy the advantages of working from home, remote working systems and flexible hours,” said Kennelly.

“Making the right moves now could evolve organisational models, increase productivity, add a competitive advantage to employers and allow business to come out of this extraordinary time as stronger, hardier, more productive and innovative.”