Best Practices

The Art of Resource(ful) Management: How to Get More Done with Less

Even as investments in talent and technology resources grow, effective resource management is a top priority in 2024. Caught between driving growth and minimizing operational costs as business slows, leaders are scaling back on resources. This includes talent, tools, and financial spending. Quick to realize the emerging trend, CHRO Amanda built an effective resource management framework for managers in her organization. In a marketplace demanding more value through improved customer experiences and a work environment that prioritizes employee experience, most leaders are seeking helpful structures to balance both goals and on-the-ground realities. Here are some a few tips you might consider in designing your own charter for resourceful management. Resource Management Tip #1: Be clear about your purpose When you are asked to scale down on team resources, it may seem unfair at first. Take time to absorb the news before you break it to the team. Evaluate how the resource cutback will impact your team’s performance rather than productivity. For instance, will working with two fewer tools still mean successful target completion? Similarly, will reducing reports’ frequency lead to your team being just as effective? Looking for such task optimization opportunities demands you to evaluate all your team’s work in the context of your organization’s purpose. You can even create a quadrant matrix around the following: good-to-do tasks must-do tasks high-value tasks low-value tasks This can make it easy to identify purpose-aligned work. Such an approach may even help your team with velocity and unlock accelerated business growth. Resource […]