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Workforce Planning during Economic Uncertainty

Published on: • Categories: Business Administration

Workforce Planning During Economic Uncertainty 

Economic uncertainty makes workforce planning more challenging yet more critical than ever. Instead of a single forecast, organizations must use scenario planning for multiple outcomes (e.g., rapid growth, stability, recession). 
The focus shifts to building resilience and agility. Strategies include developing a core workforce supplemented by a flexible contingent pool, cross-training employees for versatility, and strengthening retention of absolutely critical talent. 
Planning helps avoid reckless, across-the-board layoffs that can damage long-term capability and allows for more surgical, strategic decisions that protect the core of the workforce needed to recover and thrive.






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