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The pandemic has caused shockwaves, including talent disruption, inflation, skill shortages and global tension. As organizations across the globe realize the daunting challenges and demand of having an agile and efficient workforce, it’s imperative for them to revisit how their workforce drivers, performance management and talent development is exercised.
Workforce disruptions risk creating a downward spiral, says one of our KPMG director, Sandeep Mota. He further says, “If you don’t have the people to deliver on existing orders, you lose business. And once there’s a loss of business, the employee value proposition also changes. Employees no longer want to join or stay, resulting in further loss of business.”