The business world is rapidly changing to adapt new strategies for maintaining competitiveness and enhancing revenue streams. As the global community continues to emerge from the coronavirus pandemic, organizational leaders strive to develop a foundation for their organizations to thrive in a new world. Unfortunately, the pre-pandemic workplace can no longer address these new challenges. Workforce issues require new strategies and data-driven approaches.
The pandemic has accelerated the implementation of new working ways and the adoption of digital technology across industries. However, many companies also face a workforce challenge following the effects of the pandemic and the great turnover experienced in the past year. An essential counter mechanism to overcome these challenges is transforming toward a data-driven workforce to maintain competitiveness for the future.
Read on to learn how Power BI can address current workforce issues and the headwinds of changing culture.
What Issues are Workers Dealing With?
If you’re a corporate manager or business owner, you’ve probably faced the great resignation first-hand. It has almost become a universal experience across industries. One employee leaves, only to be followed by another and another. Even if you’ve managed to retain your employees, there is a good chance that you’ve felt the disruption in one way or the other.
The effects of the COVID-19 pandemic and the massive workers’ layoff in 2020 played a key role in the current inflation, especially the soaring cost of gas and groceries. So, what issues are workers facing exactly, causing the great resignation?
Since the onset of the pandemic, employees across the board have had to deal with immense work pressure. As organizations across industries laid off employees, the remaining workforce had to take more responsibilities to enhance normal operations. Additional duties, coupled with the need to adapt to the “new normal,” has led to substantial employee frustration, resulting in burnout.
IA toxic organizational culture is among the leading predictors of workforce dissatisfaction. But what does a toxic culture look like? A toxic corporate culture may comprise various elements, including the failure to enhance diversity, equity, and inclusion (DEI). According to SloaneReview, “A toxic organizational culture is to a greater extent the strongest predictor of industry-adjusted attrition, 10 times more significant than compensation in determining turnover.”
Trends in Remote Working
Despite being criticized by some industry leaders, remote and hybrid working has received a positive reception from millions of professionals who were initially forced by circumstance to work from home. The pandemic has led many professionals to perceive their work and workplace differently. Working from home and still being productive has revealed that many workers changed their work perspectives.
Now that the pandemic is slowing, companies are recalling employees to their traditional workplaces. However, not all employees are willing to return to the old days. Consequently, thousands have considered early retirement while others are looking for opportunities that provide flexible work hours.
Workforce Gaps Makes It Tougher for Some Teams
You probably have considered adopting technology in your business to curb power BI workforce issues. Unfortunately, many companies have embarked on this journey without considering what awaits. As a result, blindly automating processes only worsens outcomes due to increased skill gaps.
Recruiting and retaining top talent in technology is a challenge for every industry. Coupled with pandemic effects and resignations, workforce gaps contribute to:
- Increased cost.
- Reduced quality.
- Development delays.
- Reduced competitiveness.
How Can a Business Grow Amid the Need for Change?
The pandemic has forced companies of all sizes to consider serious adjustments to their operating standards. But, many business leaders don’t know how to adopt the much-needed change and facilitate corporate growth amid multiple challenges. However, if you employ appropriate strategies that fit the current times, you can withstand the current economic pressure and achieve corporate growth. Approximately 77% of businesses surveyed began their change to digital technology in 2021. Here’s how you can manage business growth while heeding the need for change.
Prioritize Transparent, Authentic Communication
Addressing power BI workforce issues can be daunting for many companies. Even though customer-centric strategies are vital in any change, you need a transparent communication channel. Many workers have not yet recovered from the pandemic’s effects. Making abrupt organizational changes without clear communication can be a great mistake for growth. However, if you establish a transparent channel for decision-making at all levels, stakeholders can adopt and support change.
Support Your Teams of Change
A smart, diverse team is a company’s most essential asset. This implies providing resources your workforce needs in-house or remotely. Smart technology that enhances a supportive workforce is pivotal to eliminating power BI workforce issues during change and improving much-needed growth.
How Having the Right Technology Simplifies Things
Whether you want to solve emerging workforce issues or counter the challenges of changing culture, you need the right technology. The modern world of business has become a data-driven sector. Small, medium, and large organizations use data to solve multiple problems.
With that said, the right technology is essential in:
- Onboarding streamlining. One of the critical elements in the organization is helping recruits adopt new workplaces and roles. But, with the right software, you can eliminate the messy paperwork. In addition, employing digital signatures can help employees understand new roles efficiently.
Access to better and easier analytics and reporting. Digitized reporting and analytics allow access to meaningful data to facilitate better decisions. Data analytics allows you to set data preferences for various teams while enabling comprehensive visualization.
How Business Intelligence Reports can Help with Power BI Workforce Issues
The pandemic’s social attitude effects, current trends around DEI, and workforce challenges have skyrocketed to warrant considerable attention. With the business intelligence market expanding exponentially, you have countless tools to choose from when faced with power BI workforce issues. Here is how business intelligence reports can help:
- Improve access to essential information. Enhancing information accessibility to the workforce team is critical during such a difficult period. With BI tools, you can provide transparency by availing necessary information where and when needed in real-time.
- Fuel strategic decision-making. Making workforce and change decisions based on intuition can lead to disaster. However, when you make decisions through analytics, you clarify all steps required promoting the easy collection, rendering, and analysis.
- Eliminate waste. When you want to promote workforce efficiency, you need to eliminate waste — anything that frustrates your workforce yet is of minimal value to the business. BI reports help to identify waste and improve your bottom line.
Nonetheless, with the current cultural shift and power BI workforce issues, you need software that can eliminate all intelligence barriers by providing data to make your team’s experience more powerful. You need to adopt a power BI technology that can transform raw data into implementable information, where you can quickly visualize, create interactive reports, and schedule and automate reports.
Start your free 30-day trial today if you want to streamline your data source and implement PBRS.