Volatility is difficult to prepare for. And considering globalization triggers the external risks businesses are exposed to, organizations are forced to be far better prepared than they used to be.
I have observed that most organizations are caught unaware by economic uncertainties that galvanize them to take on the spur decisions which do not reflect well in the longer run.
The current COVID 19 scenario, which has hit an economic slowdown, is forcing organizations to contract its workforce on very short notice as a protective measure.
Such contractions generally involve letting go of core employees, especially in the case of an organization that only has a standard team of full-timers. This, therefore, is instinctive decision-making rather than a future-proofing strategy.
In my experience, I have seen that building resilience against economic volatility is an on-going process and primarily revolves around focusing on a quick-reacting and agile workforce that is backed by data and insight.
Our latest eBook, “Future-proofing Your Staff In Times Of Volatility: A No-Nonsense Guide”, helps you do exactly that. Here is an excerpt –
“Future-proofing comes naturally to most of us. Buying an insurance policy, saving for a rainy day and minimizing financial liabilities are just some crucial examples of that. However, financial risk-proofing does not suffice when organizations have to cut back on payroll budgets or resource costs.“
On the other hand, if your organization has systematically invested in building an on-demand and quick-reacting workforce, it is automatically equipped to protect itself from the current economic slowdown.
Simply put, balancing your capacity and competency in both good times and bad, is a way of making sure you have your own back! And, Resource Management lets you do that!
“Resource Management helps you structure your workforce strategy such that it readjusts itself to suit your changing demands.”
Want to know more?
Download our eBook right here –