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Productivity and Performance
With three-quarters of HR leaders concerned about a potential recession, according to data from the Achievers Workforce Institute HR Preparedness Report, organizations must focus on two key areas to survive and thrive through the challenging times ahead.
This infographic outlines the data connecting the dots between recognition, productivity and resilience. Improving these areas is critical for HR leaders preparing for a recession in 2023. Organizations are likely to be operating with lean teams and facing unexpected challenges, requiring renewed effort from HR leaders, many of whom are still recovering from the pandemic and Great Resignation.
Resilience is the ability to adapt to and manage unexpected challenges. It has proven especially crucial during the COVID-19 pandemic and will continue to be vital as companies and communities navigate the predicted recession. Achievers Workforce Institute looked at both individual and organizational resilience to determine what the key drivers were, so organizations can help foster resilience in their employees and culture.
Organizations are getting leaner. Asked how they were preparing for a possible recession, the number one answer from HR leaders was a focus on initiatives to improve productivity. There’s no question that enhancing productivity is top of mind for employers, who are looking for high-impact ways to do more with less.
The HR Preparedness Report found five action areas for HR to focus on in 2023 to prepare for the recession by improving resilience and productivity.
Read more:
HR Preparedness Report HR leaders: 3 steps to recession-proof your teams CHROs: Learn 4 ways to boost productivity today VP of Total Rewards: The top outcomes of a robust recognition program
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Author
by Caitlin Nobes
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