In our 2021 report, we uncovered a group of leading companies we called the Vanguards. These firms said that employee wellbeing and productivity had increased during the pandemic, and they reported higher revenue growth – an indication their approach was giving them a competitive edge.
In the 2022 research, we have recreated the Vanguard group, using the same criteria, and it makes up 15% of the total sample (vs 11% of the total sample in 2021).
Throughout this report, we examine what these firms are getting right and what others can learn from their approach. Once again, the data reinforces the link between Vanguard status and better business performance: this group is far more likely to report increases in revenue, profitability and customer satisfaction over the past 12 months. These firms are also far more likely to say that their ability to recruit talent has increased.
Figure 1: The Vanguards report stronger performance compared with other firms
[Base size: Vanguards = 149; Rest of sample = 851]
The Vanguards we identified are leading the market across four dynamics that will shape the future workforce. In this report, we will explore each of the dynamics in detail and provide clear recommendations for how business leaders can strengthen their performance across these critical areas.
Do organizations have a comprehensive strategy for bridging skills gaps, from hiring new talent to bringing in contingent labor? Do they have the capabilities for rapidly meeting the business’s people requirements?
Do businesses make it a priority to improve the employee experience? Do they benchmark their employee value proposition against those of competitors? Do they engage employees in reinventing work?
Are company-wide DEI strategies in place to attract talent from underserved communities? Are these employees supported and offered training opportunities throughout their careers?
Does the organization make use of best-in-class tools for managing talent, boosting collaboration and enhancing employee experience?
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