The Future Will Be a Time of Transition
If you pay attention to the recent labor market trends, you are probably aware that the future will be an employee-driven market.?
Employers must adopt innovative ways to attract and most importantly retain the employees they hire to reduce the time and resources spent on training them only to have them leave after a few short months in their role.?
Many anticipated this was coming but the global pandemic only accelerated the current labor market stresses that many industries are facing. This has unfortunately created a domino effect where we are experiencing supply chain issues from a shortage of essential medications to building supplies needed for new home builds and infrastructure.????
As we continually see an increase in job postings on LinkedIn there is only so much that organizations can do to attract new talent. We see it again and again, offering flexible work schedules, remote work options available and increases in benefits and salaries. Yes, although these are attractive options, it only goes so far. Suppose most organizations offer similar benefits to a generation of highly nomadic workers. What is it to say that they will stay with your company for the next five to ten-plus years??
Rather, managers and executives must adopt a different approach and instead, take advantage of the tools and resources that can be accessed remotely, anywhere in the world. Transition Path’s BroadScopes and Detailed Discoveries add a layer of protection to ensure that vital institutional knowledge which is essential for business operations has been properly managed and dealt with to withstand the ever-changing labor market trends sufficiently.???
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Proper acknowledgement and recognition for hard work and individual success go a long way. BroadScopes are an effective means to capture how an individual performs their work in great detail. It is an opportunity to celebrate the work they do day in and day out highlighting their skills and accomplishments which often may go unnoticed. Managers and executives will find that teams who are sufficiently supported and recognized for their achievements will foster greater employee satisfaction and increase retention levels.?
Gaining role clarity using BroadScopes and Detailed Discoveries also increases the level of accountability by creating a benchmark that can be used to assess individual performance. Knowing who does what, when and in what sequences enables organizations to align priorities and initiatives.????
Take the guessing out of the game. Get a BroadScope.?