The world is grappling with rising inflation rates, with America’s inflation rate at a 40-year high. There are many factors contributing to the rise in inflation, including the ongoing war in Ukraine, high industrial goods inflation (an increase in the general level of prices for materials and supplies), increased demand from households, supply chain shortages as a result of the COVID-19 pandemic, and a strong labor market.
Inflation impacts all aspects of life and work – the cost of doing business, the supply chain, the cost of living, consumer spending, mortgages, borrowing money, and every other part of the economy.
In this report, we identify 16 of our trending capabilities associated with the impact of inflation on organizations.
A crucial blocker to reducing the impact of inflation in the workplace is people’s lack of awareness about the effect that inflation has on various departments across an organization.
Navigating the Impact of Inflation
In today’s economic environment, organizations must prepare for various scenarios, develop internal capabilities to monitor how the future could evolve and build a strategic market-sensing function. Fuel50’s research explores and identifies transformational capabilities to support organizations in creating sustainable change as they work towards dealing with fluctuating inflation rates and the impact that has on all aspects of life and work.
This report is designed to help you harness the latest global capability trends to ensure that your organizational talent strategy is aligned to the current driving global force.
Discover the latest capability trends from across the globe.
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What has been happening in the world?
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How do we anticipate these events will impact the world of work?
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The importance of amplifying the right capabilities to minimize or embrace these world events
The capabilities and specialist skills highlighted in this report need to be embedded into the following three levels of workforce architecture: Individual, Leadership, and Organizational. We have also included some reflection questions to help you evaluate the importance of each capability for your organization.
Enjoy reading! We look forward to sharing more research and insights with you.
Written by Fuel50’s Workforce Architecture Team
Contributors: Elizma Meyer
Fuel50’s dedicated team of Workforce Architects and Industrial and Organizational Psychologists feed the Fuel50 Talent Ontology, train our ethical AI with Diversity, Equity, and Inclusion design principles at heart, and support best-in-class organizations using Fuel50 to transform and future-proof their talent strategy and workforce architecture.
