Five Point Checklist for Developing Successful Workforce Strategies

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Simplify the Work Experience

Adapt company structure to attract, develop and retain the best talent. As members from the baby boomer generation continue to retire, taking substantial amounts of knowledge and experience with them, organizations are exposed and vulnerable and need to replenish and extend this wealth of knowledge. What's more, in a world driven by innovation as a critical differentiator, companies are competing fiercely for skilled talent in order to win.

In an effort to attract skilled talent, make decisions and take action in a faster, more agile way, companies are adopting a flatter working structure, which is simpler, non-hierarchical and collaborative. This type of organizational design is better suited to the more complex and nimble nature of twenty-first century work. While traditional hierarchical models are well suited for establishing clear lines of authority and centralizing decision making power, they're not ideal for fast innovation or adapting to change.

The nature of work is drastically changing. The rapid pace of technological advancements, shifting demographic patterns, the switch to knowledge-based economies, and increasing pressures for innovation are all driving this transformation and defining the future of work. Business leaders are also mindful that what made them successful in the past will not necessarily make them successful in the future.

In order to be successful and stay competitive, companies must prepare for what the workforce will look like in 2020 and beyond. To understand the challenges and opportunities associated with the changing nature of work, last year Oxford Economics and SAP surveyed over 2,700 executives and more than 2,700 employees in 27 countries. The results show that many companies lack the structure, strategy, culture, solutions and resources to manage employees effectively. To succeed, they must address the role and relevance of people strategy, changing demographics and evolving definitions of work, leadership ability and cultivation, employee wants and needs, and talent development.

In this slideshow, Jewell Parkinson, head of Human Resources for SAP North America, shares a five-point checklist that executives can use to develop winning workforce strategies in this new era of work.

 

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

 
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