Cost optimization does not mean cost minimization (the default in tricky economic times).
HR leaders need to strike a balance, and consider the short-term vs. long term gains.
Budget planning, capital allocation, and benchmarks should be scrutinized and reassessed through an integrated lens.
In this UNLEASH webinar, get in-depth guidance from Deloitte Consulting’s Susan Cantrell, VP Products & Workforce Strategies, and Jennifer Hentz, Senior Manager of Workforce Transformation, on how CHROs can find that “delicate balance” between efficiency and employee buy-in for 2024 and beyond.
- Need to optimize costs? Use the right levers: What are the 6 optimization levers you need to know to configure your 2024 strategy?
- The right framework for your market: “Can you spot the opportunities for cost optimization that already exist in your market?” Gain practical guidance on which frameworks will help you achieve an adaptive workforce.
- HR Leadership – Achieving ‘the right, delicate balance’: In a world of accelerating innovation, HR Leaders need to find the right path between the wider need to be competitive, and the drive to build resilience to withstand economic shocks. Hear questions from the live audience and advice on where the balance lies?
- Technology as an Enabler: How can virtual experiences (AR/VR) be leveraged as a way to save costs on training and learning & development for organizations?
“Although we’ve had a somewhat surprisingly more resilient labor market and economy than expected, our survey at Deloitte of global CEOs shows that the number one external concern is still an economic downturn. The result of this is that many organizations are looking to increase efficiency or optimize costs.”
Susan Cantrell focuses on one of the key drivers for CHROs and CEOs now: the need to adapt to the market challenges to face the future, while also innovative.
Deloitte Consulting’s VP Products & Workforce Strategies emphasizes that cost optimization is about far more than cutts “or just becoming lean.”
So, how do you build this approach with nuance?
“Bear in mind, especially with the unique market conditions we have, we’re realizing that rarely do our traditional cost ‘take-out’ approaches work well.”
How should HR Leaders at the highest level approach optimization for 2024, and into the future?
Cantrell lays out her advice to HR Practitioners to consider models that also create wider agility and innovation throughout the business – and then include employees to gain company-wide buy-in.
In this webinar, watch on-demand to find out exactly what models and ‘optimization levers’ have worked for specific case studies across multiple verticals.
Also hear from an audience of peers – HR leaders who are interacting with both speakers to deep-dive into another key issue facing CHROs: internal mobility and upskilling.
“We’re going to guide you through how to think about contingent workers; a more diverse talent force; and how you create the kind of agility that organizations need.”
“You need a clear vision and strategy to do this…Here’s where to start,” adds Deloitte’s senior manager of workforce transformation Jennifer Hentz.
Restructure around efficiency: It’s about value
Hentz also shares a note of caution.
“When you think about optimization and efficiency don’t just think about the business needs, think about the employees themselves.
“Streamline the experience for our own workers, so they’re not frustrated by resources, and spending time on tasks they don’t need to do,” she says.
“Leverage data to prioritize work for the future. This is powerful…And will only become more so.
“And here are examples…”
Register for free to watch Hentz and Cantrell lead you through a 6-point step-by-step guide to cost optimization for CHROs and the wider C-suite.
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