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Organisations lack consistent, objective tools and processes to optimise their workforce, according to new research.
The SuccessFactors Survey highlights key internal workforce challenges for business wanting to be agile within the current economic downturn.
In response to the weakening global economy, organisations know that they must optimise their workforce, but lack the consistent, objective tools and processes necessary to succeed, according to a major new study by SuccessFactors, Inc. (NASDAQ: SFSF)
Seventy six per cent of companies are not ready to deal with major changes in their workforce, such as staff reductions, realignment of resources and optimisation of employees – the very kind of changes that companies often need to make within an uncertain economic time or downturn.
The SuccessFactors study, entitled ‘Workforce Optimisation’, which surveyed 277 business in the UK and Ireland, gauged how, if at all, organisations are ready and able to optimise their workforce when faced with issues such as declining revenues, and how to ensure their workforce is contributing to the bottom line by identifying its top performers and cultivating that talent to help develop the right competencies to achieve strategic organisational goals.
SuccessFactors also asked respondents how the weakening economy has affected their business. The answer revealed that companies are scrambling to keep morale and employee performance up. Sixty per cent listed staff morale as the top area of performance affected by the downturn and furthermore, over a third said that the performance of individual employees has been affected.
“Clearly organisations are feeling the effects of the downturn and should be thinking about optimising their workforce,” said Andy Leaver, Vice President of EMEA Sales for SuccessFactors. “Now more than ever companies need a consistent way to look across their organisation and make the tough calls that will allow them to compete and exploit any opportunities that become available.”
A more detailed overview of the research findings is available here
