There’s no denying it: the demographics of the talent pool are shifting and the demands of both the workforce and the workplace are changing with it in a way the world has never experienced before. In these competitive and unstable economic times, the ability to develop and retain top talent will be a key competitive differentiator.
Shifting workforce demographics, a growing skills shortage and increased global competition for talent are posing a very real threat to long-term organizational viability. Companies must proactively plan for organizational change by closing the skills gap and building a robust pipeline of internal talent, securing the bench strength needed to maintain business continuity and achieve long-term strategic objectives.
It’s now more critical than ever to nurture internal talent and grow future leaders – but, do your development and learning strategies meet the needs and expectations of today’s workforce?
Consider the following:
- The shift from the traditional working contract of decades of service to only a few years of service has become the “new normal” for today’s workforce
- The workplace is no longer solely defined by the employer – employees’ priorities and preferences have begun to dictate what their workplace looks like
- The growing multi-generational workforce
How employees are learning and where they are learning is changing – traditional learning and development strategies are no longer going to cut it. The workforce is demanding more than ever before and companies are being challenged to effectively manage talent and engage employees. The SuccessFactors HCM Suite gives you the modern tools needed to engage the 21st century workforce and will help you train, develop, and retain the talent you need today and prepare them for tomorrow.
Join HR Strategist Crystal Miller on October 16th for a discussion on the factors affecting the workplace and learn about new tools and techniques for engaging the age diverse workforce. Webinar: The New Normal: Learning and Development for the 21st Century Workforce – register now.