Simplify to accelerate workforce performance in 2014, says ManpowerGroup
The company issued the advice as the U.S. Bureau of Labor Statistics today reported the overall jobless rate fell to 7.0 percent. Jobs were added in transportation and warehousing, healthcare and manufacturing.
"Like a plane sitting on the tarmac waiting to take off, 2013 has been a year of holding steady when it comes to expanding workforces and investing in operations," said Jeffrey A. Joerres, ManpowerGroup Chairman and CEO. "Ongoing uncertainty has impacted the traditional risk-reward strategy for growth, and company leaders are averse to make decisions regarding hiring when there is too much outside their control. For growth to take off in 2014, business leaders need to simplify to accelerate performance and manage risk to prevent unwanted outcomes."
As uncertainty remains the new normal of today's economy, employers need to become increasingly agile to thrive in the marketplace. Workforce agility is a key driver of business success and employers are recognizing the benefits of reduced costs and increased flexibility to ramp up or down staff levels based on demand for products and services.
"Talent agility is imperative for growth, and it can be achieved through flexible work models that tap into different sources of talent to find the right-skilled individuals when they are needed. At the same time, attention must be given to ongoing leader development of high potential talent. Cultivating and retaining top talent is critical and the risk of losing them to the competition must be managed through effective engagement that drives performance and builds loyalty," said Joerres.
According to a recent online poll by Right Management, the talent and career management experts within ManpowerGroup, 83 percent of nearly 900 workers intend to actively seek a new position in 2014. Only 5 percent of those surveyed plan to stay in their current positions.