The economy is always changing. Sometimes it changes for the better, and sometimes it changes for the worse. In the most maddening of times, it might even do both at the same time. Your company has to be constantly changing, too, if you hope to keep up with your competition. A lot of that involves your professionals, so knowing five easy ways to amp up your company’s labor force goes a long way toward your future business success.
5 Steps to Reskill Your Labor Force
If you’re going to amp up your labor force for future economic changes, then you need to chart the direction of their development.
- Identify Crucial Skills: It’s impossible to accurately predict the entire future, but you can probably list the particular skill pools your company is likely to be deficient in sooner rather than later, if not already.
- Close the Crucial Skill Gaps: If you need professionals with certain skills, you’ll likely need to start training them in those particular facets 12 to 18 months in advance.
- Begin, Test, Repeat: Starting to close the skill gap is necessary, but testing tells you how well your company is coming along. Repetitions of the educational cycle let students become teachers and leaders who pass on what they learn.
- Think Small to Go Big: No matter what size your company is, assume a small business mindset. Agility and desire to succeed go a long way that might not be so easy in the comfort of being a bigger company.
- Protect Your Skill Development Budgets: In times of economic uncertainty, some expenses get hammered right away, including marketing, travel, and training. Always keep the education going.
Get More Than Just Warm Bodies
When you have open positions, you need to do more than just fill them. Whether you promote internally or use retained headhunters in MN or other areas near you, you need to find people that can help your company unlock its greater potential. The right people don’t just handle their responsibilities and roles, they transform everything around them. They build, invent, and propel anything from their teams to the whole industry.
Interim solutions might involve building your team one project at a time, but you also need to always look for direct hires that are looking for more than just full-time employment. Always keep an eye on the future, too, but look for leadership candidates who can drive the change necessary in your company and make the unfulfilled visions you have for your business a genuine reality.
Create Well-Rounded Employees
Want stellar employees working for you? Focus on helping their careers more than just getting more productivity out of them. You’ll earn tremendous loyalty from professionals who know you care about them, which means they’re likely to stick around longer. Your company might even become a hiring mecca because prospects know they’re getting more than just a job but also potential career advancement. While anyone is working for you, the entire company can benefit from their growth as professionals.
Improve the employability of your current professionals by focusing on the four skill areas everyone needs. These include soft, technical, hard, and transferable. When your professionals can generate their capabilities, skills, and knowledge, it does make it easier for them to move into better roles and positions in the future. Some of them will inevitably leave your company, but you’ll develop a reputation as being a great place to work. Your veterans in other companies will invariably return the favor with recommendations, leads, and more business for you.
The ones that stay are where you’ll really win. They can personally represent the success of your company culture that invests in its professionals, so they’re successful whether they stay or move on. That sets a crucial tone inside your company and out.
Knowing five easy ways to amp up your company’s labor force can propel your business toward future success, but that’s not just through improved productivity. As your team learns new skills, your organization can prove more flexible and resilient to future challenges and changes in the marketplace. By investing in their skills and development, you’ll also earn their trust and loyalty. That might just be the greatest reward.