When Covid19 Pandemic hit Malaysia, many Malaysian companies, especially SMEs were hit by the sudden onslaught and did not know how to realign back and reduce costs. This sharing provides insights as to how SMEs specifically can use costs effective strategies to better retain talents

1. Sharing by: Assoc. Prof. Dr. Karling
PostCMCO
TalentReview&
Retention

2. Voiceofthe
entrepreneur/ owner
Global Data:
75％SMEs have near Zero
Revenue
51％SMEs can survive
only 3 months
Large Local
Companies & MNCs
What are Companies Doing during MCO/CMCO?

3. Phase 5 – CMCO
What to do?
McKinsey：
Majority of countries Post C19 will reduce workforce by 30%。
Immediate HR Strategies
VOTE!

4. Detailedandin-depth
Talentreview
Usethe9-Grid
What Next?
What types of
Talents
YOUR
company
need most?
TE
Talents
LEAD
Talents

5. TE
talents
Leadership
talents
WHO are
talents??
High performers;
High potential;
Excellent Attitude;
strong aspirations!
VOTE!

6. ZERO/ Low costs
Retention Strategies (Gen YZ):
1) Continuous on-demand learning &
development – linked to rewards (E-
badges) – free platforms
2) Flexi-WFH – online check-ins +
strong KPIs
3) Hot-desking (Gen Y) – social
distancing
4) Embrace New Norms for work –
Virtual meetings
5) Empower with accountability
6) Continuous Feed-forward
RetainingtheRIGHTtalents
Whatto do?
High costs Strategies:
1) High incentives – not
linked to performance
2) Provide beyond legal
benefits
3) Fat bonuses – not
linked to productivity/
performance
4) Free incentive trips
(Gen Y)
5) Keep motivating;
detract from work
6) Team building –
traditional
7) Send for “Training” –
useless!
8) Other “old” ways – not
new norms
???

7. HR Technologies High costs?
Semi-automate in as many aspects of HR as possible to REDUCE
headcount & Costs (Video CV; Excel PMS with macros; G-Suite;
Google Classroom etc.)
ZERO/ Min. Costs:
AI – R-studio for person-job fit
Cloud-based HR - <250 DingTalk
Data – HR analytics: Excel
Macros/ PowerBI
High costs:
Listen to “Con”sultants
Buy All kinds of software

8. PeopleManagementNewnorms
How to CHANGE the entire
HR strategies for the New
Norms？
WFH
What are the 3 key new
norms besides WFH?

9. Ready toacquiretalents again!
NEW
Norms!
Job-Profiling (3 psychometric tests for person-job fit + person-competencies fit
(NOT qualification; NOT skills) + Person-culture fit (your company’s employer
brand based on Culture – core values).
Technologies?
Video CV; R-studio predictive fit; Zoom/ Microsoft Teams/ other platforms Online
interviews; Global talents; Virtual Onboarding; CFS; Gig talents and more!

10. CREDITS: This presentation template was created by Slidesgo,
including icons by Flaticon, and infographics & images by
Freepik.THANKS
Appreciate
your time to
listen and
share!
WhatsApp:
012-4791278