| Getting your Trinity Audio player ready... |
While the Project is temporary, but Operations isn’t! So does the challenges in Operations are quite repetitive in nature, this is where the role of an Operations Manager shows how important they are to provide value by identifying the challenges and creating necessary action plans to solve them through his team or other cross-functional teams. Now let’s understand what are the top challenges faced by Operations Managers in the bpm Industry as a whole.
While the list goes on due to the amount of cross functions the Operations Manager must coordinate with to solve the daily problems, the list might be like his/her own team members, HR, Quality, Risk, Transitions, Training & Development, Automations & Other Transformation development teams. (If I have missed any of the X functional teams, please do leave your comments below)
A great Operations manager always understands the value of their own people, stakeholders sentiments and finds ways to identify improvement areas to improve the business.
Well, you can never underestimate the financial acumen needed to strengthen the P&L and build new models to improvise and reduce costs. In this ever non-controllable inflation world.
So, What are the Top Challenges Faced?
Here are some of the top problems or challenges faced by Operations managers in the Business Process Management (BPM) or Business Process Outsourcing (BPO) industry
- Workforce Management: Ensuring an adequate and skilled workforce, managing across different shifts(24/7), and maintaining employee motivation and satisfaction.
- Performance Metrics: Setting and achieving key performance indicators (KPIs) for efficiency, quality, and customer satisfaction.
- Technology and Infrastructure: Dealing with complex IT systems, upgrading technology, and ensuring a robust infrastructure for uninterrupted operations. Dealing with regulatory challenges.
- Process Standardization: Developing and implementing standardized processes to ensure consistency and efficiency across different projects and teams. SOP’s standardization included
- Cost Management: Balancing cost reduction with quality service delivery, optimizing resource allocation, and managing operational expenses.
- Client Expectations: Meeting client expectations, understanding their requirements, and effectively communicating progress and challenges.
- Compliance and Security: Adhering to legal and industry regulations, ensuring data security, and protecting sensitive information.
- Attrition and Training: Addressing high attrition rates, recruiting and training new employees, and maintaining knowledge transfer within the organization.
On a high level these are some of the top challenges an Operations Manager goes through.
It doesn’t mean we need to struggle with these ongoing problems, definitely a good Operations Manager knows the way to find solutions and alternative methods to build to sustain and get out of these top problems.
What are the Strategies to follow to Succeed?
Here are the some of my suggestions or tips you can apply in your operations to get out this bubble
1. People Challenges
BPM is into people business.
So, leading a workforce during difficult times can be a significant challenge for Operations Managers.
As they typically employ a large and diverse team with varying skill sets, backgrounds, and levels of experience. It can be a daunting task to ensure that all employees are aligned with the company’s goals and culture.
Overcoming People Challenges:
- HireRight Method: In my recent article, I did mention that half the battle is sorted when hiring the right people, ensuring the right onboarding and retention methods are set, please read this article for detailed insights: How to Retain People ?
- Invest in Training and Development: Provide continuous training to employees to enhance their skills and keep them updated with the latest industry trends. This not only improves their performance but also boosts their job satisfaction. While internal trainings may be good, investing on right certifications shall yield far higher benefits.
- Promote a Collaborative Culture: Build an environment of collaboration and open communication. Encourage team members to share ideas and solutions(no matter how small or big), which can lead to more efficient processes and problem-solving. Trust me you need be a bit creative and learn how to talk to your people to get their best work – I am sure they will be happy to provide the necessary support you need.
2. Process Challenges
Efficient and streamlined processes are the backbone of any BPM operations. However, outdated or inefficient processes can hurt our productivity and result in subpar service delivery.
Overcoming Process Challenges:
- Process Automation: Embrace technology to automate repetitive and time-consuming tasks. Automation can significantly improve process efficiency and reduce errors. It could be simple Microsoft Excel or VBA Automation, or leveraging RPA method. (using python you can automate tons of repeat process work – find the transformation person incharge)
- Continuous Process Improvement: Implement a culture of continuous improvement. Encourage teams to regularly review and optimize processes to adapt to changing client needs and industry trends.
I am sure you must have the heard that the processes are too complex, and it cannot be automated, my suggestion is to bring in a 3rd party to analyze your process – they can advise or see something you don’t
3. Technology Challenges
Staying technologically up-to-date is essential in the BPM industry, but managing various technologies and ensuring their compatibility can be daunting.
Overcoming Technology Challenges:
- Invest in Technology Infrastructure: Allocate resources to invest in state-of-the-art technology infrastructure that can support your bpm operations efficiently. Having strong knowledgeable Individuals in the Technology team will solve a huge junk of your problems and stress working with customers (if you enjoy being an Operations Manager, this is part is really fun – forgive me to be sarcastic)
- Partner with Technology Experts: Collaborate with technology experts or consultants to stay updated on the latest trends and solutions.
4. Internal Cost Pressure
Operations Managers often face internal cost pressures, such as budget constraints and the need to do more with less.
Overcoming Internal Cost Pressure:
- Cost Optimization: Implement cost optimization strategies without compromising service quality. This may involve renegotiating contracts, optimizing resource allocation, and reducing waste.
- Demonstrate Value: Showcase the value your team brings to the organization by highlighting cost savings and efficiency improvements achieved through your operations.
5. Salaries and Compensation
Attracting and retaining top talent in the BPM industry can be challenging, especially when faced with budget constraints.
Overcoming Salaries and Compensation Challenges:
- Competitive Compensation Packages: Research industry salary benchmarks and ensure that your compensation packages are competitive. This includes not only salary but also benefits and incentives. Repeatedly sharing these challenges to your leadership is critical to avoid attritions.
- Career Development Opportunities: Provide clear career development paths and opportunities for skill enhancement to retain and motivate employees.
6. Discounts and Transformation
Clients often seek cost reductions and expect BPM providers to adapt to changing business needs quickly.
Overcoming Client Pressure Challenges:
- Transparent Communication: Maintain open and transparent communication with clients. Explain the cost implications of requested discounts and negotiate win-win solutions. Involve relevant Sales and Solution design teams to provide appropriate pricing and long term strategy.
- Client-Centric Transformation: Embrace digital transformation and innovation to meet evolving client needs. Position your BPM services as a strategic partner that can help clients achieve their long-term goals.
It’s important to note that the BPO or BPM industry is changing, and new challenges keep arising over time. The specific challenges faced by operations managers can vary depending on the organization, industry sector, and market conditions.
Conclusion
In conclusion, while Operations Managers in the BPM industry face numerous challenges, each challenge presents an opportunity for growth and improvement. By investing in people, optimizing processes, embracing technology, managing costs wisely, providing competitive compensation, and adapting to client demands, Operations Managers can navigate these challenges successfully. Ultimately, a positive mindset and a proactive approach are key to thriving in the dynamic world of BPM.
Join Our Community of Informed and Inspired Readers! Subscribe Today for Exclusive Updates and Insights!
Once again, thank you so much for taking the time to read this article. For more content on Project and Operations Management and best practices, I encourage you to explore my other articles here at Project Insights – for best practices and real project experience (www.projinsights.com)
Your comments and feedback are always welcome and appreciated at [email protected]
If you enjoy my content and would like to show your support by purchasing a coffee, please feel free to do so – https://www.buymeacoffee.com/vinodkumar186
I would also appreciate it if you please subscribe to check out my daily blog posts and do share it with your family and friends. Thank you!
💯