Private Client Specific Docs

2022.Workforce Trends

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Outline 1. Skill Scarcity/Evolution of Skillsets - with the onset of the great resignation and the worker shortage across all industries, but of particular focus in the Light Industrial space, organizations need to think differently about how they will procure the skills needed to accomplish the work to be done. • Upskilling/reskilling of talent, not just FTE but ALL talent • Shift from defining "job role/description" to looking wholistically at the total workforces capabilities/critical skills 2. Non-FTE Workforce Growth – with the contingent workforce expected to rise exponentially over the next 5-10 years, organizations need to be prepared to successfully engage talent from a variety of talent pools. This includes making sure that HR, IT and Procurement processes are set up to support these nontraditional employment models • Freelance talent • Direct Sourcing • Variable Talent Pools (Neuro diverse, Veteran, Second chance candidates) • Shared/borrowed talent from suppliers/competitors 3

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