Technological advancements are forcing companies to rethink their business models and workforce compositions. As a result, many organisations are reducing staff and offering new positions, very often not matching the redundant profiles. While former employees find themselves out of work, companies struggle with a poor reputation, low employee engagement and reduced talent attractiveness. In response, workforce transitions are emerging as new options for companies to equip their employees for the future of work, while investing in their competitiveness and corporate branding. Join CSR Europe online on 12 June to discuss how to achieve sustainable workforce transitions. Discover how we are investigating to launch company led pilots to make workforce transitions inclusive.
PREPARE YOUR CURRENT WORKFORCE
In recent years, we have seen several cases of organisations taking a sudden turn in their business transformation by replacing up to thousands ‘old redundant’ jobs with new innovative ones. And the way to go on about it, has been to look for talent from competitive labour markets, instead of gradually preparing the current workforce for these changes. However, if organisations keep on repeating this cycle and fail to think of alternatives, they might face hampered competitiveness in the long-term in several areas:
- Lowered productivity with remaining staff
- Difficulty in building new talent pipeline
- Poor public image
Against this backdrop, organisations can re-think their future workforce strategies from the standpoint of continuous employee development and life-long job transitions. Some companies have already opted for this model. An example is AT&T that is investing $1 billion to retrain half of its 250.000 workers to be “competent in the technology and the skills required to run the business going forward”.
While the business case is slowly building up on workforce transitions, it is imperative that these are pursued in an inclusive manner, with a particular focus on at-risk employees, vulnerable to job loss in rapidly changing labour markets. In this respect, it is important that training & development programmes and future career trajectories are built with a strong focus on at-risk employees and vulnerable employees.
Join our actions
CSR Europe and its national partners are currently investigating to launch actions in France, Italy, Poland and Spain to test new models for implementing sustainable workforce transitions
On 12th of June, CSR Europe is hosting an online discussion between business & education on how to realise sustainable workforce transitions.
Future of Work Project Manager