Facing Manpower Crunch? Try Out these Strategies for Effective Workforce Management

You must have heard about the worrisome trends like “The Great Resignation,” “Mass Firing,” “Quiet Quitting,” and more that have been affecting business organizations globally. To add fuel to the fire, the recent pandemic, increasing resentment among employees, and high attrition rates have disrupted skilled manpower supply across numerous business verticals worldwide. It is an alarming situation for businesses as it can affect their supply chain, productivity, performance, and success in the long run. Furthermore, staffing is the core ingredient required for the seamless operation of any business entity. Ensuring adequate staffing services to achieve short-term and long-term organizational goals is vital.                                                     

A recent survey shows the deteriorating hiring scenario: “Around 58% of hiring managers are struggling to recruit the right talent or experience for a particular job.” Further, inadequate staffing can lead to reduced productivity, higher turnover rate, and decreased productivity. Below are some tips for organizations to handle efficient workforce management for a seamless supply of skilled labor in a VUCA business environment.                      

Explore the In-house Talent Opportunities- It would be economical and more advantageous for companies to utilize their in-house talent for various roles and responsibilities instead of making a fresh recruitment. Further, businesses can employ upskilling and training programs to prepare potential candidates for future job profiles. Also, this small initiative can save a lot of money on onboarding and training new employees, leading to increased productivity, seamless manpower supply, better employee retention, and optimum performance.     

Improve Your Hiring Criteria- Do you know around 22% of hiring managers do not prefer professionals who lack job description qualities and hiring criteria? It clearly explains that HR management leaders and managers are in no mood to relax their hiring parameters, even if it leads to manpower shortage. You must constantly update yourself about the latest hiring trends and technologies to ensure your hiring standards are in sync with the global staffing demands. Further, it will help optimize workforce management to increase the growth, productivity, and performance of your business organization. But, here is one piece of caution: Ensure that your improved hiring criterion and parameters are not hampering the steady flow of talented workforce in your company.                                     

Utilize the Expertise of Third-party Staffing Services- Hiring talented professionals is time-consuming, labor-intensive, and costly for numerous business organizations. To resolve this critical issue, businesses can utilize the expertise of third-party staffing and HR outsourcing services for a smooth manpower supply and recruitment process. These companies are competent enough to quickly provide talented manpower to organizations based on their requirements to fulfill their project deadlines.      

With the burgeoning cost of human resources recruitment and the changing global business scenario, it is vital to employ various hiring strategies for effective workforce management to achieve short-term and long-term organizational goals. Make the most of your employees and learn to utilize your workforce in the best interest of your organization.