Determine the talent and skillsets you may have lost or gained. Across all industries, there have been hard hits – and in some, huge growth. Online retailers like Amazon have hired 175,000+ workers during this time.
In the US, the unemployment rate in April was 14.7%, the highest it’s been since World War II. This means there’s more talent on the market than ever before. It also means time-to-hire will remain critical when jobs return and competition for this talent is fierce.
The talent you’ve lost is probably the same as the talent your competitors have lost.
Have you considered the type of talent required to help your business succeed post-COVID-19? For example, the skills, competencies, and experience you once required when hiring retail staff may not be applicable if you’ve moved to online ordering and warehouse distribution.
You need a complete view of your current workforce and their bench strength, as well as an understanding of who is sitting in your internal and external talent pipelines. Prior to COVID-19, PageUp research found that only 37% of organizations say they understand current skill gaps and this number is likely to have decreased.
Once you’ve discovered the gaps in your workforce, you can start proactively planning to fill talent pipelines for the future.