CEO Voice: Lay off the layoffs. To transform effectively, focus on retraining instead

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The cost advantage of retraining over outside hiring is attention-grabbing. It can cost up to 3 times more to lay off and re-hire than to retrain an existing employee. Watch some of Alain Dehaze's insights at Fortune’s virtual Global Forum.
October 28, 2020
Read the full article on Fortune

The nature of work is changing, new jobs are emerging, and entire workforces are facing major upheaval. How can businesses embrace transformation by reskilling and retraining its workforce? How is the pandemic accelerating job disruption and boosting the need for new skills?

On Tuesday October 27th, Alain Dehaze, CEO of the Adecco Group participated on Fortune’s Global Forum “Closing the Global Skills Gap” panel, together with Liz Hilton Segel, Managing Partner, North America, McKinsey & Company, Deanna Mulligan, Board Chair and Former CEO, Guardian and Matt Heimer, Features Editor, FORTUNE

“We see many companies today laying off, restructuring, and at the same time hiring new people. It is much cheaper, much more socially responsible, much more effective [and] productive, to look at your own workforce.” Alain Dehaze explained there is a better option as organizations’ needs continue to shift: retraining existing employees.

To watch the video and read the full article visit Fortune’s website