Staying Ahead of Turbulent Times in Workforce Management
The BLS reported a notable drop in unemployment rates in the US in July, down to 5.4%. The total number of unemployed now sits at 8.7 million, while the number of long-term unemployed (those searching for jobs for 27 weeks or more) fell to 3.4 million. Though elevated compared to accepted “full employment” figures, any hiring organization will confirm that the supply of talent is way down while demand is skyrocketing as the economy reopens en masse. So, how can your organization find the talent you need today and in the future as the nation grapples with disruption in labor availability?
Customers of nextSource know about the Progressive Program Model™ , the multi-faceted model for managing talent in a manner that ensures a consistent, dependable and uninterrupted extended workforce that automatically adjusts to reflect and respond to changing market and business needs. How does the Progressive Program Model deliver needed talent?
Similar to the strategy of diversification used by investment advisors to ensure against overexposure to any given sector of the market, the Progressive Program Model enables nextSource to combine the gamut of available talent sources in a single, unified extended workforce management program. It not only addresses the more traditional sources of talent like staffing supplier firms, job boards, and temp agencies. It also leverages the newer and emerging sources like online talent platforms, gig economy applications and crowd sourcing sites.
However, it is more than just embracing the newer, online and tech-driven sourcing platforms. The nextSource model engages advanced community outreach to tap into local talent channels and build your employer brand within the communities where your organization does business. nextSource Progressive Program Model experts are experienced at building custom-curated talent communities – tapping retirees, former contingent employees, new graduates, remote resources and more. They can guide you through the design and use of a high impact talent community – from designing a curated system to extending your reach to needed talent to nurturing talent community members, ensuring that they are ready, willing and able to bring value to you when needed.
For more information about how your organization can benefit from the Progressive Program Model, request a consultation today.