Relocation and Expansion Site Selection:
A typical site selection process can be skewed toward a data-driven, quantitative approach that does not sufficiently reflect the nuances of each company’s objectives and culture or each potential location’s qualitative benefits and challenges.
A Better Option is to make sure that a fully-developed labor market analysis is performed rather than a simplistic demographic profile of communities, and that experience and judgment are applied to uncover hidden potential and hidden dangers that the data alone can fail to reveal.
Talent Portfolio Monitoring:
Human Resource managers are often challenged by the sudden need to staff up or downsize, and are frequently looking for a way to be better positioned and better prepared to influence how and where these initiatives should be implemented.
A Better Option is to monitor the conditions and potential of the labor markets that the company operates in on an ongoing basis. The result is a resource that is always up to date and can provide feedback on how large the company can effectively grow its workforce, skill group by skill group, as well as how the existing locations compare to one another in the cost, quality, and growth potential of the talent base. |
Integrated Portfolio Assessment:
Companies have constant opportunities to modify their location strategies triggered by lease expirations, business expansions or business contractions, and the typical approach is often to put new jobs into vacant portfolio space, wherever it may be.
A Better Option is to maintain an ongoing assessment of the company’s location portfolio that marries a rigorous evaluation of the labor market potential, by skill level and by location, with standard real estate portfolio analysis.
Merger and Acquisition Location Integration:
When companies merge or acquire other businesses, the typical approach is often to jettison smaller sites and consolidate into larger, more efficient operations.
A Better Option is to assess the cost, operating conditions, and labor market resources of each location as an independent option to determine which locations to keep, which to expand, and which to close, and in doing so to realize all of the long-term labor market and operating cost benefits of bringing the companies together. |