How can businesses harness the strength of its workforce in an increasingly turbulent business environment? Top Employers Institute report, ‘Navigating a Dynamic Workforce’, explores how the workforce is evolving to meet new challenges.

Insights from over 2,300 participants surveyed 2024, reveals the new realities of modern workforces. The nature of employment has evolved and there are multiple reasons for this, including:

• The modern workforce is more adaptable, with employees transitioning between organizations.  

• Employees are connecting frequently with freelancers, gig workers and long-term contractors.  

• Organizations need to find more creative ways to do their work.  

So, how should employers adapt to these new realities? Here are four recommendations on how to stay ahead, improve employee engagement and ingrain human-centric people practices.  

1) Self-directed career evolution  

The data shows that employees value autonomy and the ability to shape and control their own career paths. US employers have responded well to this challenge:

• Nearly nine in ten (86%) have career development offers.  

• Almost three in five (57%) have an interactive career portal.  

• About half (50%) have an internal career marketplace.  

Additionally, employers who support employees to direct their own career evolution enjoy higher employee engagement, internal promotion and profitability.  But there are still areas in which all organizations could do more, including:

• Online self-service resources. This allows employees to be independent and explore their next steps at their own pace.  

• Mentoring and coaching. A long-established employee offering for many businesses, but one which is coming into its own in harnessing the new dynamic workforce.  

2) Offer support and resources for self-directed learning

Ongoing reskilling is now the norm. The World Economic Forum predicts that between 2023 and 2027, 44% of workers’ core skills will be disrupted. Among those surveyed in the US:

• Nearly all (95%) offer a personalized learning portal.  

• Nearly as many (93%) offer online training programs to encourage continuous learning.  

What more can an organization do? Top Employers Institute suggests the following:

• They can start by leveraging HR technology for empowering employee choice. For any organization, this means implementing online training programmes, providing personalized learning portals, and integrating microlearning into the everyday activities of employees.  

• Facilitate opportunities for employees to learn from one another. Employees on the ground are likely to understand the skills changes they each need more than any HR team could.  

‍

Read full article here