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Topics Covered:
Productivity and Performance
According to new research from Achievers Workforce Institute (AWI), 77% of HR leaders are concerned about a pending recession, but just 26% of respondents say their organisation is prepared to managed unexpected challenges.
As the world emerges from the COVID-19 pandemic, it seems HR leaders can barely take a breath before being faced with a new challenge – a likely recession. This comes on top of unprecedented turnover and the “quiet quitting” trend.
AWI research identifies two key focuses for HR leaders who want to recession-proof their organisation: resilience and productivity.
Resilience is the ability to manage unexpected challenges and it is important at both the individual and the organisational level. While individual resilience is important, many resilient individuals do not necessarily make for a resilient organisation. HR needs to foster both types of resilience to ensure their people and company are prepared for the coming challenges.
In addition, more organisations are going to be operating with lean teams as the recession progresses. This makes improving productivity a crucial goal for HR leaders. Unfortunately, productivity is a notoriously sticky subject. It is difficult to measure and therefore hard to track improvements following new initiatives.
Individual and organisational resilience is key to navigating challenging times.
In addition, organisations that are able to align action to culture will find the path forward smoother than those who fail to connect their values to their decision-making process.
For organisations that want to drive individual and organisational resilience, this AWI report outlines next steps for all five of these resilience drivers: recognition, feedback, connection, manager effectiveness, and culture alignment.
AWI asked almost 1400 HR leaders how they were preparing for a possible recession and productivity, attraction, and retention remain top of mind.
*Source: Achievers Workforce Institute HR Preparedness Report
Despite the difficult nature of defining, measuring, and affecting productivity at work, it remains a key focus for HR, especially as they prepare for a likely recession. AWI asked respondents to rate their own productivity. About a quarter (26%) said they were their most productive selves at work. What moved the needle on this metric?
Read more:
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 Infographic: Recognition to drive productivity and resilience
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Author
by Caitlin Nobes
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