July 19, 2023: Balancing budget + talent
Although we hoped to leave “unprecedented times” in 2020, post-pandemic recovery and economic uncertainty continue to present new challenges for HR and people leaders. Read on for actionable strategies to help your organization drive growth and productivity in the second half of 2023.
Here's what's on the agenda this week:
Navigating the balance: HR cost savings + talent investments
From escalating interest rates to an intensely competitive talent market, economic uncertainty presents new challenges for HR and people leaders trying to balance cost savings and talent investments.
We’ve summarized key takeaways from a recent?HR Leaders Monthly report?that dives into budgeting and planning challenges. Here are?a few ideas?to navigate this year’s choppy waters:
Get more insights and tips about balancing cost savings and talent investments in?our recent blog post.
Invest in personal growth. Future-proof your business.
Invest in the growth of your people to get a competitive edge. With learning categories ranging from leadership skills and manager training to DEI and wellbeing, Electives has all the L&D you need to position yourself for high-end growth. Learn more about the Electives platform here.
Unlocking growth through intangible assets:?A guide for people leaders
According to a?recent report from McKinsey & Company, strategic investments in?intangible assets – like research, technology and human capital – can be key drivers of growth and productivity. In fact, companies in the top quartile for growth invest 2.6 times more in intangible assets.
Here are some of the?key takeaways?from the study:
Click here?for more actionable insights and key takeaways.
Upcoming holidays
National Wellness Month and National Management Training Week are both coming up in August.?Download our 2023 calendar here, and take a look at the holidays ahead:
7/23: Parents' Day
7/26: ADA Day
7/30: National Whistleblower Day
8/1: International Childfree Day
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8/4: National Coast Guard Day
8/7: Purple Heart Day
8/9: International Coworking Day
8/9: International Day of the World’s Indigenous People
8/13: International Left-Handers Day
8/15: National Relaxation Day
8/19: World Humanitarian Day
Get more details in these DEI holiday blog posts:
One platform. Many use cases.
Celebrating DEI holidays with a series of classes taught by instructors with diverse lived experiences is just one of the many use cases for Electives. Discover more ways to leverage the Electives platform?here.
Explore our most popular class collections:
Electives is an enterprise live learning platform that makes it possible to create meaningful learning impact by streamlining your planning, curation, administration and measurement.?Learn more at Electives.io.?