Assess the qualifications and experience of your management team and overall workforce. Identify areas for improvement, minimize employee turnover, and develop succession plans. Address labor market challenges and build a skilled team to drive organizational success.
- Evaluate the experience and qualifications of the management team. Example: Assess the management team's background, industry experience, and track record.
- Assess the depth and expertise of the overall workforce. Example: Review the qualifications and experience of key employees in critical roles.
- Review employee turnover rates and job satisfaction levels. Example: Analyze employee turnover rates and conduct employee satisfaction surveys.
- Determine the succession plan for key management positions. Example: Evaluate whether the business has a plan in place to address succession or key employee departures.
- Assess the availability of skilled labor in the industry. Example: Evaluate the market's availability of qualified candidates for key positions and assess potential labor shortages.