The elements that make an organization attractive to potential new hires are often the same ones that keep current employees engaged, challenged, and satisfied. To accomplish these goals, try the following steps: Step 1: Emphasize your sense of purpose. People want to work for an organization that makes a difference in the world. Be explicit about how what you do and how you do it makes a difference in the…
Although a mild recession is predicted for later this year, the U.S. economy added far more jobs in January than was expected, and unemployment fell to its lowest in more than 50 years. Demand for labor is more robust than predicted, and revised 2022 and 2021 data show even greater job increases than previously reported. The news builds on positive trends observed in Q4 2022. Still, economists advise organizations to…
A recent client had persistent trouble filling multiple open roles. Leadership felt that a sub-par applicant pool was to blame. Why was the company not attracting better candidates? The answer lay in the company’s “employment brand,” its image among current and potential employees and the perception of the company’s culture and work environment. A negative employer brand was not only hurting the company’s chances for recruiting talent, it was contributing…
It’s rare to look at the news these days without seeing headlines speculating that a recession could be looming and highlighting layoffs in industries such as Big Tech. With the potential for decreased spending, hiring freezes and reductions-in-force on the horizon, organizations may need to get creative to secure the talent they need to deliver on business objectives. Luckily, some of the best talent may already be in-house, within a…
Our past blogs in this Preparing to Thrive series have looked at “agility and resilience” and the “people supply chain.” Both topics are critical for organizations to thrive in the current environment. Now, it’s time to discuss the strategic issues organizations will face in 2023 — and how to prepare. Time is of the essence. Many organizations do not create an annual integrated workforce strategy and plan that tie labor…
Workplace disruption is the new normal. As organizations plan for 2023 and beyond, they must grapple with talent shortages, rising costs, supply scarcity and a host of other issues that require a new type of strategic plan - one that is agile and resilient. None of these challenges is more disruptive than the current workforce shortage. And no task is more urgent than devising a solid plan to determine how…
For the first time in recent memory, we are experiencing a simultaneous softening of the economy and significant labor scarcity. With the consumer price index rising at twice the rate as hourly earnings, potential employees are seeking stability - but not necessarily through employers. More people are willing to dip into their savings and stay unemployed longer in order to find the right job. What does this situation mean for…
What’s changed for employees and employers in 2022? Everything. The COVID-19 pandemic started a paradigm shift in workplaces and the workforce, and the roller coaster ride is not over. Supply chain issues, labor costs and scarcity, changing work preferences, regulations, shifts in consumer spending and economic contraction leave some organizations facing the most challenging times. To survive this steep evolution curve requires careful planning and swift action. At the same…
