Three Top Workforce Challenges and Game-Changing Strategies to Overcome Them

3 min read
WorkMarket Team
WorkMarket Team
March 30, 2021
Three Top Workforce Challenges and Game-Changing Strategies to Overcome Them
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Looking back at all of the past year's events, it's become abundantly clear that today's business leaders can't afford to simply react to change. They need to empower their workforce to anticipate trends, seize opportunities, mitigate risks, and evolve in an ever-changing world.

Rather than waiting for change to happen to them, Game-Changing organizations strive to change the game. They identify challenges and tackle them head-on to grow and thrive in any business environment.

To that end, our recently published a whitepaper entitled "Game Changers: In Pursuit of Growth" and an upcoming 3-part Webinar series, focuses on helping employers tackle three critical workforce-related challenges and explore more agile, adaptive, and intelligent workforce management strategies.

Here are just a few of the business challenges highlighted in the whitepaper that employers can overcome by applying digital transformation and an agile approach to workforce management.

Overcoming Legacy Labor Models that Don't Scale
The traditional W-2 model of employment is facing disruption, especially with the changes the pandemic has brought to work models that can adopt a work-from-home approach. A large, fixed-cost workforce limits financial flexibility and responsiveness to customer and market opportunities. While this model helps companies with control and oversight, these companies may be missing out on valuable opportunities to increase efficiencies, streamline operations, and save hours of time. Alternately, creating and leveraging a mosaic of labor changes the game by helping to control costs while enabling your organization to respond to the peaks and troughs in demand that come with market trends. Scaling up or down where necessary with independent contractors enables organizations to meet and fulfill demands swiftly without increasing overhead. Having the technology to manage them as an integrated part of your workforce strategy is key.

Tackling Fragmented Processes that Limit Your Workforce Potential
Many organizations take a siloed approach to all the elements of workforce management, particularly for on-demand workers who may not be fully integrated into the same systems and processes for hiring, managing, or paying employer-related compliance. This leads to siloed reporting, lack of visibility across the organization and inhibits collaboration among departments and business units. Integrating all the elements needed to manage on-demand workers as well as traditional workers across systems, processes and people breaks your business out of the silo, elevating and empowering your workforce.

Outmaneuvering Competitors that Put Your Talent Pool at Risk
New competition from within an established market or from disrupters outside the ecosystem can create sudden surges in demand for talent and drain available resources from a company. In volatile, competitive markets, the ability to act fast and remain agile is crucial. Creating and managing intelligent labor clouds that help to integrate your workforce management operations and put the right people in the right jobs at the right time, efficiently and effectively can help to not only solve for seasonal/market fluctuations but also help change the game when it comes to competition for key talent.

Up Your Talent Game: More Insights
Looking for ways to transform your workforce and remain agile in an ever-changing world? Join our Webinar on April 28th at 1:00 pm ET, Game Changers Part One: Transforming Your Labor Model and receive our whitepaper, Game Changers: In the Pursuit of Growth.

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