This is not a financial crisis—it is a human crisis. To deal with a human crisis, you must have a detailed understanding of your human capital and that capital must be handled in an outstanding way. The key question for creating successful HR crisis strategies is: Where are we when it comes to managing our most valuable capital? And in post-Corona times, where do we want to be and how do we get there? Every crisis is also an opportunity. No one knows what the “next normal” is going to be, but everyone is certain of one thing: It will be different. It is now that we will see major differences between the ways senior management will grasp this opportunity to give the HR function a significant and long-needed makeover.
On 3 June, Dana Minbaeva, CBS Professor in Strategic and Global Human Resource Management, shared her insight in a webinar hosted by the CBS MBA. You can watch the playback here: