How does your organization's workforce affect overall company performance?
During periods of economic expansion and recession alike, organizations must struggle to thrive in an intensely competitive environment. The recent global economic meltdown reminded business leaders across industries and geographies that the ability to make agile adjustments to changing market conditions is paramount to succeeding in such a situation.
In nearly every industry, the cost of labor is the most salient item on the balance sheet. Historically, organizations have responded to this issue by focusing on improving the relationship between corporate and employees and making adjustments to the organization accordingly. By deploying complex Human Resources software and developing first-rate benefits programs, skills and training delivery, recruitment, and succession and compensation planning, organizations have felt that they were contributing to the development of this key asset.