The existential people crisis is not a strategic business priority but the business priority.
Insights from sociologists, economists and many industry experts confirm that the challenges are complex. Even before the pandemic, the labor market was stretched. Then COVID-19 reduced the workforce and accelerated a multitude of factors inside and outside the world of work. However, the shrinking labor force and inevitability of population decline are long-term trends that won’t go away after the pandemic.
The labor scarcity we are experiencing is very real and worrying. But even a people crisis can be viewed as an opportunity for innovation. This existential people crisis is going to radically transform the whole future of work. This is a carpe diem moment and companies must seize it to reexamine their culture and create a working environment where its business and its people can really thrive.
For a free copy of our latest whitepaper, click the link below.