Companies Reset

From Reactive to Proactive Strategic \Workforce Management Companies Reset Companies are becoming increasingly sophisticated, transforming and seeking nimbler operating models, more resilient supply chains, greener and more consolidated partners and solutions in response to heated competition, unpredictability and greater transparency. Source: Orange Business Services

^{Companies Reset | What Workers Want | Talent Scarcity | Tech Accelerates}

TREND #17

^{Companies Reset | What Workers Want | Talent Scarcity | Tech Accelerates}

FROM NET ZERO TO NET POSITIVE

Transparency around ESG, the rise of stakeholder capitalism and the convergence of standards and reporting is creating greater urgency for companies to take the lead.

Regulations around climate action and commitments to Net Zero emissions are increasingly common, though the next frontier will be S – a companies’ social impact.

2 in 3 organizations report ESG as a crucial focus for their organization.

2 in 3 organizations report ESG as
a crucial focus for their organization.

6 in 10 companies are tying ESG goals to their purpose.

^{Source: Mercer Global Talent Trends 2020-21}

TREND #17 | TREND #18 | TREND #19 | TREND #20

TREND #18

^{Companies Reset | What Workers Want | Talent Scarcity | Tech Accelerates}

OPTIMIZING WORKFORCE VIA STRATEGIC TALENT MANAGEMENT

OPTIMIZING WORKFORCE VIA STRATEGIC
TALENT MANAGEMENT

New, nimble operating models and people practices will emerge to respond to transformations in the market – from digital technologies to changing consumer preferences.

The ability to turn data into meaningful insights will be critical to manage human capital risks, including the responsible integration of gig, freelance and contract workers.

Vendor consolidation and resiliency will be at a premium to mitigate uncertainty and manage workforce risk.

68% of companies cite “consolidation
of staffing suppliers” as a workforce
management strategy currently in
place in their organization.

^{Source: Staffing Industry Analysts (SIA) 2020 Workforce Solutions Buyer Survey}

TREND #17 | TREND #18 | TREND #19 | TREND #20

TREND #19

^{Companies Reset | What Workers Want | Talent Scarcity | Tech Accelerates}

BUSINESSES EMERGE AS MOST TRUSTED

Employers become most trusted source of information-above government and media. Embracing a values driven agenda becomes a net positive for attracting and retaining talent.

Employees increasingly demanding “empathetic” action with expectations from all sides of the political spectrum that CEOs will lead the way. The role of business will continue to broaden into areas from advocating for racial equity to championing vaccination and voting rights.

7 in 10 workers say having leaders that they can trust and follow is important to them.

2 in 3 want to work for organizations
whose values are the same as theirs.

^{Source: ManpowerGroup What Makes Workers Thrive Survey, December 2021}

TREND #17 | TREND #18 | TREND #19 | TREND #20

TREND #20

^{Companies Reset | What Workers Want | Talent Scarcity | Tech Accelerates}

NEW DEFINITION OF RISK AND RESILIENCY

Supply chain fragility, exacerbated by climate, consumer demand and shortages of skills is reprioritizing risk.

Mono suppliers and vertical supply chains are out, circular, networked, regional, resilient, and sustainable are in.

Supply chain resilience and vendor consolidation will be at a premium to mitigate uncertainty and manage risk.

Over half of organizations are currently assessing their extended supply chains (e.g. third parties, sub-contractors) in order to reduce risks, nearly 40% plan to do so in the next two years.

^{Source: Orange Business Services}

TREND #17 | TREND #18 | TREND #19 | TREND #20