Skills: the heart of effective talent strategies
Two words are omnipresent during times of economic downturn: efficiency and cost optimization. Nothing new by now, right? ??
According to recent surveys released by Mercer and PwC, C-level executives are weighing their options amid growing concerns about worsening economic conditions. Shifting business priorities, reducing operation costs, re-organization or limited talent investments are all underway. Meanwhile, the recent experience of big attrition rates and a global skills shortage are all reasons to worry similar to a potential recession. At least, this is what top-level executives are saying. ??
In this edition of The People Leaders newsletter, we aim to shed light on how skills can pinpoint strategic decisions about people that enable businesses in the direction of the desired outcomes. We bet that skills be will at the heart of effective talent strategies in 2023. Enjoy the reading! ??
?? Picked From Our Library?
Skills will be at the heart of effective talent strategies in 2023
The current economic uncertainty requires HR, talent, and people leaders to ensure a talent strategy that adapts quickly to the changing business needs. Leveraging skills across the whole talent journey can contribute to more effective talent strategies in 4 ways.?
Keep reading more on the Nestor blog
How to optimize costs by leveraging a skills-based approach to talent
Cost optimizations are a priority for most C-level executives at this moment. Read the article below and find out how a skills-based approach can point out strategic decisions about people and lead to cost optimizations.
Keep reading more on the Nestor blog
?? Hand-picked articles we loved
Fortune: The war for talent has turned into a ‘war for skills’
If you're curious to hear predictions and thoughts from Mercer's CFO, Mark Elliott, about top-level executives' priorities this year and why the war?for talent is increasingly becoming a war for skills, we invite you to deep dive into the article below.?
Read more in Fortune
领英推荐
Josh Bersin: Predictions for 2023: Redefining Work, The Workforce, And HR
Just as a quick reminder, Josh Bersin is one of the most influential voices in the HR and HRTech space. A "systemic model for HR" is just one of the predictions he's making about "a year which may redefine almost everything." Curious about it??
Read the article on Josh Bersin's blog
Gartner: How to navigate HR uncertainty in 2023
This year, on top of existing challenges like the future of work, as well as labor and skills shortages, “HR leaders face an increasingly unpredictable and uncertain economic environment”, which “ will impact how organizations operate and how the workforce develops”, Gartner HR’s senior director?Emily Rose McRae shares in this article. We think it's worth the read.?
Keep reading more on the Unleash blog
Forbes: Recession Preparation: Cutting Costs While Maintaining Talent Quality
“How can we cut down on costs across the business?” With persisting inflation, a recession looming large and?the labor market continuing to fluctuate,?many companies are asking hard questions about the bottom line. And while some are choosing to reduce segments of their workforce as a solution, savvy companies are finding ways to actually cut costs without sacrificing their top, business-critical contingent talent.
Read the article in Forbes
???In the Spotlight
Strategic Magazine: “Positive EX starts by putting people first”
???Bogdan Apostol, CEO and co-founder at?Nestor, shared his views about leadership in times of uncertainty and how to create positive employee experiences in an article published in Strategic?and titled “Positive EX starts by putting people first”.?
??Here are some highlights from the article as shared by Bogdan Apostol: “For most employees, evolving with the role has become a must. They are looking to make changes in their careers according to their goals and desire for growth and meaningful work. Therefore, enabling development opportunities inside the organization, whether it's a learning opportunity to develop new skills, taking on more responsibilities, or making lateral moves has become the core of a positive employee experience.”
Read the full article here?
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Chief People Officer | Author of 'Don't Suck at Recruiting' | Championing Better Employee Experience | Speaker
2 年Efficiency and cost optimization are definitely important, but let's not forget about the role of talent in driving business success! ???? As the economic climate shifts, it's crucial for leaders to re-evaluate their talent strategies to ensure they're making the most of their team's strengths and addressing any skills gaps. ?? With big companies facing high attrition rates and a global skills shortage, it's more important than ever to invest in our people. ???? Let's not lose sight of the fact that a strong team is the foundation of a strong company. ??????