Five Point Checklist for Developing Successful Workforce Strategies

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Make Culture King

Long-term, sustainable success is built on a thriving culture where people feel inspired to innovate and are connected to the greater purpose. As the workforce continues to change, it is up to businesses and leaders to create a dynamic environment that leverages new technologies and platforms that enable individuals to contribute with their full imagination, creativity and passion every day.  

Engaging a dynamic workforce requires powerful leadership and the ability to "walk the talk" to tap into individual passions and values. Employees of all ages and levels want to feel proud of their work and take part in something bigger than themselves and the company. This is why corporate social responsibility is becoming a fundamental part of increasing employee engagement. Individuals are developing a stronger sense of social responsibility, and want to work for organizations that offer a chance to participate in programs and support social causes that will make their work more meaningful. Strong cultures are essential to success.

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.


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