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Based on its success, the project was recently recognized at the LVMH Voices of Inclusion Awards as one of the most impactful initiatives undertaken by the organization’s groups — out of nearly 200 programs nominated annually.

She said these workers’ expertise in strategy and policy development, compliance, and project management — as well as specific skills in problem-solving, stakeholder engagement and operational efficiency — should resonate with private employers across industry sectors.

Yet, 47% said finding skilled talent is more difficult than one year ago, and only 12% said they have the talent needed to complete high-priority projects.

In December 2021, the Society of Human Resource Management projected that labor shortages would continue through 2022, with wage growth topping 4%.

The current emphasis on non-monetary benefits, particularly strong in growth (49%) and recovery (50%), correlates with emerging trends that continue to highlight their importance across all phases, albeit at a slightly lower overall future projection (10%).

You can give a special grant to the top-of-the-house leadership team or to a key person deeper in the organization for things like retention or a project.

Hence the company’s new three-phase “Project Rebalance,” designed to give people time back and reduce stress across the organization, he said.

Collins: For me, that “actuarialness” of long-term projections and return on assets helped me look at people as an asset and not necessarily as an expense.

For example, gig workers work on demand or by project, creating a volatile income situation and lack of work stability.

Too many organizations view benchmarking as a periodic project, rather than an ongoing process.