Workplace Insight: investment in talent will drive market share gains.

New research from Randstad Sourceright suggests that organizations should invest in talent and create agile workforces to gain market share and overtake their competitors when the economy rebounds from the coronavirus crisis.

According to the company’s latest report, “Talent Trends, COVID-19 & the future of work,” nearly half (47%) of surveyed companies are spending more on predictive talent analytics this year to help predict needs within the business and fill skills gaps. Eighty-one percent (81%) of employers also believe that analytics are critical to their ability to attract talent.

“The only way to be able to thrive when crisis hits, and subsequently when things stabilize, is to be agile; agile in business strategy, workforce strategy, employee reskilling strategy and tech strategy,” said Rebecca Henderson, CEO of Randstad Global Businesses.

“That mindset applies both to organizations that faced unprecedented demand during the pandemic as well as companies whose business came to a grinding halt as the economy slowed.”

Read about additional strategies that companies can use to get ahead during uncertain times in Workplace Insight. You can also get your exclusive copy of “Talent Trends, COVID-19 & the future of work” to find out which HR trends are impacting organizations’ talent strategies now and in the months ahead.