As the list of companies announcing layoffs continues to grow, I feel it's sensible to point out that layoffs are tough business decisions with very high stakes. But how do we go from a market of rapid hiring to mass layoffs? And what can we do about it? Buzzword alert…it comes down to being intentional with your workforce planning. Hiring should be just as much a calculated business decision as layoffs.
At Leath HR Group there is no such thing as "business as usual". The days of automatically backfilling a vacancy with a replica persona should be over. Instead, we recommend our clients take these opportunities to perform an organizational assessment. Organizational assessments are a chance to audit [and evolve] your current structure, team members, open positions, budgets, strategic growth plans. These studies dive into current labor market fluctuations and compensation benchmarking to ensure your company is appropriately positioned to attract and retain the top talent. While we recommend detailed assessments be done proactively on an annual basis, abbreviated assessments should be developed and executed every time a vacancy emerges.
Here are a few basic questions to ask:
Tech Wilmington: Upcoming Events Calendar
Staff Reports
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Oct 9, 2024
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NCDOT Outlines Options For Cape Fear Memorial Bridge Replacement
Emma Dill
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Oct 9, 2024
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Rezoning Clears Way For Castle Hayne Mixed-use Project
Emma Dill
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Oct 8, 2024
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McKinley Building Announces New President
Staff Reports
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Oct 9, 2024
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Moskowitz Joins LifeTime Asset & Tax Management To Open New Wilmington Office
Staff Reports
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Oct 8, 2024
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The campaign, a joint effort by the Alliance for Cape Fear Trees (ACFT) and the N.C. Cooperative Extension-New Hanover County, is essential...
Former Wilmington DEI executives say the momentum of diversity, equity and inclusion efforts that flared up in 2020 has fizzled out....
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.