Keeping an Eye on the Future

It seems that lately, every day there’s news about another company laying off staff and cutting back on programs. It’s easy in these economic times to get into “survival mode” and focus on the short term actions our organizations need to take to get through the next quarter, let alone the next year.

But we all know that economic downturns come and go in cycles. And the talent management actions we take today are important in determining how we’ll be positioned in the future.

Despite the current economic downturn, we are still facing a 3.3 M shortage of skilled workers in the U.S. by 2012. That’s just three years away! This shortage is likely to cause as much or more disruption to our economy than the current financial situation.

So as you work your way through the current downturn, it’s important to keep an eye on the future and position your organization for growth and success.

Two of the key activities HR and indeed the entire organization need to be engaged in is the identification of high-potential employees and succession planning for all key areas of the business. Without them, you’re sunk!

On February 25th, we’ll be hosting a complimentary webinar presented by Steve Boese of the Rochester Institute of Technology entitled Understand Your Workforce Today, so You Can Plan for Tomorrow. Steve will be exploring the importance of succession planning, and looking at the latest research and best-practices, as well as the role of technology. Why not join us?