Employers have historically struggled to plan for recruitment and retention during periods of uncertainty
Future Proofing Business
While the economic outlook ahead may seem more positive, the geopolitical one is less certain. Elections this year, particularly in Europe, may bring more uncertainty. While each geopolitical event from the UK Brexit vote to the U.S. election is an exceptional circumstance, the challenges presented to employers are not unique. Workforce planning tends to focus on known, rather than unknown, circumstances. This may work well for a period of time, but what happens when political upheaval affects resources? Or demographic shifts impact talent pools? If one variable changes, workforce plans can be fundamentally altered overnight. By anticipating potential change and planning for uncertainty, employers can develop a flexible, yet resilient, workforce strategy to future-proof their businesses.
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