workforce covid-19

Utilize on-demand workforce as a key performance lever during COVID-19

COVID-19 has forced organizations towards a steady drumbeat of job cuts. As per confederation of Finnish industries, 40% employers have considered temporary layoffs or permanent redundancies. In Deloitte’s human capital report, 50% CXOs reported more than 25% business disruption due to COVID-19. The highest disruption was experienced in revenue, supply chain, and operations functions of the organizations.

Percentage of disruption across the value chain during the lockdown; Source: Deloitte Human Capital Report 2020

Under such crunched resources and cost pressures, the on-demand workforce can be considered an essential tool to improve business performance. Organizations like Cisco, have already broken down their regular work into tasks and projects which can be flexibly matched with people who have relevant availability and skills to perform them. A study by SAP and Oxford Economics indicates that 64% of executives consider on-demand workforce important or very important for increasing organizational agility, while 62% think it improves their organization’s overall financial performance.

According to Bain & Co. experts, “prediction, adaptability and resilience will help leaders advance where they can, retreat as soon as they must and adapt as needed”. With COVID-19 breaking apart business systems, hiring agile on-demand teams is one of the most effective and scalable ways to adapt and build resilience into organizational operations. Involving trained on-demand student talent in ongoing projects not only speeds up progress but also helps bring new perspectives and develop the workforce of tomorrow.

WHERE TO START?

To accelerate progress, transformation executives need to break down problems in mini-battles and approach it in sprints.

StrategyCo. Global helps organizations accelerate development on pivotal corporate projects. Our trained and vetted on-demand workforce participates in time-boxed sprints to help corporations achieve faster progress towards their strategic goals.

Book a meeting with us to accelerate progress on your development projects!

Contact: rahul.abhisek@strategycoglobal.com, kristina.talailo@strategycoglobal.com

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