HR Daily Advisor: strategic talent investment is a must.

How can companies emerge stronger from the COVID-19 crisis? Invest in talent and build an agile workforce, according to Randstad Sourceright’s recent Talent Trends report.

“Companies will have to prepare their workforces to adapt to unpredictable market conditions in the future,” said Cindy Keaveney, chief people officer at Randstad Sourceright. “To do so will require embracing HR technologies that provide greater insight and the flexibility to deploy talent quickly based on demand and market factors.”

Data and technology are critical to helping companies predict business needs and fill skills gaps quickly. That’s why 47% of human capital leaders report plans to spend more on predictive talent analytics this year.

Apart from building a data-driven talent strategy, organizations are also keen to enhance talent experience to ensure that they can acquire the in-demand skills that will drive business growth. Forty-nine percent (49%) of companies report investing in candidate assessment tools and half are buying candidate relationship management (CRM) platforms.

Read the full article in HR Daily Advisor to find out what other strategies employers can use to get ahead of the competition. You can also learn more in your exclusive copy of the research, “Talent Trends, COVID-19 & the future of work.”