Managing Through Talent Shortages + LOAs
Managing through talent shortages and LOAs is becoming increasingly challenging. Close to 70% of companies report that they are experiencing a talent shortage and difficulty hiring for their open roles. And this isn’t just a pandemic problem. Korn Ferry predicts that by 2030, more than 85 million jobs could go unfilled because there are not enough skilled people to fill them—adding up to $8.5 trillion in unrealized revenue globally.
HR and change management experts join CEO Jaime Klein to discuss how companies can maintain productivity in this challenging environment of widespread talent shortages.
Key takeaways from the discussion include:
- Interim talent can keep high-priority functions moving forward while staff members are out on a leave of absence.
- Monitor productivity, not just time. Regularly track where employees are spending the most time and adjust to address higher organizational priorities as needed.
- Aim to continuously improve employee experience, so your current talent continues to feel satisfied by their work.
- “Perks as a strategy, is not enough of a strategy,” when determining if, why, and how you will bring employees back to the office.
Ellen Shultz, Former Chief People Officer, Rent the Runway
Ellen C. Shultz is a human resources executive with deep expertise working in global organizations undergoing digital transformation. She was most recently the Chief People Officer of Rent the Runway and a member of its Executive Team where she ran the People function as the company prepared to enter its next phase of growth. Ellen has also served as Executive Vice President of Talent and Inclusion (HR) at The New York Times Company, Vice President and Head of Human Resources at Media General, a broadcast and digital conglomerate, and in various global HR roles at Time Inc.
Alice Chin, Founder & CEO, Your Other Half
Alice W. Chin is the Founder and CEO of Your Other Half (YOH), a human resources and recruiting firm that helps small business leaders find amazing talent and design extraordinary people experiences. Alice is passionate about improving the success rate of small businesses in the U.S., by partnering with business owners to create happy, profit-generating teams. Prior to founding Your Other Half in 2014, Alice held various HR roles at Newsweek, Allen & Overy, and IDEO.
Beth Brickel, Inspire HR Expert, HRBP + Change Management
Beth Brickel is an Inspire HR Expert and HRBP. Beth has worked as a strategic HR business partner and change management leader in Fortune 50 global corporations since 1998. Previously at PepsiCo, Beth was VP, Change Management and HR Leader for Global Finance. Prior to PepsiCo, Beth held various HR leadership roles at GE Capital, where she managed reorganizations, process improvement and compliance initiatives, and leadership training. Prior to joining GE, Beth spent several years at the Advisory Board, American Management Systems and Cvent.