How organization can preserve workforce value in an economic downturn

Inflation and the global recession are hitting earnings and profits, as well as driving up costs for non-profit organizations. Organizations in both public and private sectors are looking to reduce, or at very least get maximum value from workforce cost. But workforce cost reduction can no longer be a blunt instrument. Labor markets remain tight overall and there remains a war for talent for key skills, and the pandemic has driven a long-term change to employee expectations. Organizations must deliver smart workforce cost savings at pace, whilst maintaining engagement and productivity, and building competitive advantage by accessing the right talent as the economy recovers.

When organizations put humans at the center and longer-term value at the heart of their workforce restructuring, there is a positive effect on performance at both the top and the bottom line. 

Join the experienced panel in this webcast to hear about:

• The latest EY research  on how CEOs expect the recession to impact their businesses and drive the need for workforce efficiency
• How to drive organization and workforce efficiency, whilst also maintaining employee talent, engagement and productivity, for now and the future
• The 12 levers used to identify opportunities to drive workforce cost reduction and skills future-proofing
• How technology, data and benchmarks can be used rapidly to size the prize and drive the benefits
• How interventions can be prioritized and sequenced to provide rapid pay-back as well as longer-term workforce efficiency

Lead panelists:

• Matt Watt, Partner, Ernst & Young LLP, People Advisory Services
• Karl Wirth, Partner, Ernst & Young GmbH, People Advisory Services
• Martha Cook, EY Global & EY EMEIA Total Rewards Practice Leader, Ernst & Young LLP, People Advisory Services 
• Nathan Sasto, Partner, Ernst & Young LLP, People Advisory Services