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Showing posts from August, 2020

HR Concept for the Day- Optimism Bias

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Optimism bias (also known as unrealistic or comparative optimism) is a cognitive bias that causes a person to believe that they are at a lesser risk of experiencing a negative event compared to others. Optimism bias is quite common and transcends gender, race, nationality and age. Four factors exist that causes a person to be optimistically biased: their desired end state, their cognitive mechanisms, the information they have about themselves versus others, and overall mood. The optimism bias is seen in a number of situations. For example: people believing that they are less at risk of being a crime victim, smokers believing that they are less likely to contract lung cancer or disease than others smokers, first time bungee jumpers believing that they are less at risk of an injury than other jumpers, or traders who are think they are less exposed to losses in the markets. Although the optimism bias occurs for both positive events, such as believing oneself to be more fina

Rethink, Renew & Relunch HR in the New Abnormal

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As we rethink, re-haul and renew HR practices in the new world of work, the HR community will have to review people practices keeping the post- COVID- 19 situation in perspecting.   “There is no going back and there will be a new normal!” During this COVID-19, how it was impacting everyone globally and immediate concern was the well-being of employees and continuity of business. A three – pronged approach was adopted to ensure business continuity, boost employee morale and ensure employee well – being. Pre & During the Lockdown- Tool set- Ensure work continuity by providing requisite support, infrastructure and resources for employee to be productive, especially as they adopt the “new ways of remote working”. IT infra enablement, virtual working, informative sessions on MS teams were all part of the plan.   Skill set- The focused on creating a virtual learning environment so that one could learn, engage, be aware, and be appreciated. Hence, LEAP (Learn, engage, awar