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Economic Uncertainty: Why You Have to Double Down on Talent Development
Throughout the times, Macroeconomic uncertainty can, and has often had a devastating effect on the workforce. The impact of uncertainty on the economy was most recently illustrated in the context of the pandemic and the subsequent boom when the economy opened up. Whether we call it a downturn or a correction, people and businesses are strife with uncertainty now.
During change and uncertainty, one of the key (potential) areas of impact for companies is their talent base. Regardless of whether there will be a downturn or not, smart companies are investing in learning & development as they are faced with the simple fact that workers with higher job insecurity have poorer psychological and physical health, display more negative work attitudes and are less satisfied with their life, ultimately leading to a lack of productivity all around. However, companies that actively demonstrate care and investment in their employees professional growth and careers paths - are seeing demonstrable improvements in business outcomes.
Now more than ever, companies should double down on employee professional development, and consider strategies and initiatives that support and drive employee retention, professional growth, team development, leadership training, change management and much more. How can L&D and HR executives overcome these challenges, when many of their leaders have never experienced an economic downturn before?
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I had the pleasure of joining the C-Vision International, Nordics CISO Council Roundtable with a wonderful group of cyber executives. We had a wonderful, insightful conversation and the whole experience was enjoyable. I made great new contacts and reconnected with existing contacts on really important topics that matter to CISO’s and all in cybersecurity. I’d highly recommend joining in any C-Vision event.
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C-vision's events combine relevant topics with a suitable audience. I found great value at my last attendance, and would definitely consider upcoming events.
Thoughtful discussion among experienced leaders regarding current challenges and complexities, and valuable exchange of pragmatic approaches and best practices. Well organized and facilitated.
A group very focused in bringing diversity to the discussion table
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The process was very well organized by C-Vision. Perfect organization, honest and authentic speakers of high level.