{"id":10751,"date":"2022-10-10T01:00:25","date_gmt":"2022-10-10T01:00:25","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=10751"},"modified":"2022-10-03T10:00:43","modified_gmt":"2022-10-03T10:00:43","slug":"industry-future-council-report","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/industry-future-council-report\/","title":{"rendered":"Industry Future Council Report"},"content":{"rendered":"<p>The Equipment Leasing &amp; Finance Foundation has released the 2022 Industry Future Council (IFC) <a href=\"https:\/\/bit.ly\/ELFFIFC\">report<\/a>, \u201cAdapting to Changing Workers and Workplaces,\u201d which examines issues and best practices around hybrid work, recruiting, hiring, training, and leadership due to pandemic and related labor market disruptions.<\/p>\n<p>The <a href=\"https:\/\/bit.ly\/ELFFIFC\">report<\/a> follows up on last year\u2019s comprehensive study, which identified three primary areas of focus for the equipment leasing and finance industry: technology, workforce, and economics and policy.<\/p>\n<p>IFC participants identified three themes they considered most important to the future of the workforce, the workplace, and the industry:<\/p>\n<ul>\n<li><strong>Hybrid Work<\/strong>: Many employees and managers prefer some form of hybrid setup because of the flexibility that comes with remote work as well as the community benefits of working in-office. Equipment finance firms have a variety of setups, from 100% remote to 100% in-person, and each company must determine a hybrid work regime that works best for its individual circumstances.<\/li>\n<li><strong>Recruiting, Hiring, and Training<\/strong>: Given the competitive labor market, many industry leaders report using creative solutions to attract and retain workers. There is more proactive recruiting, prioritizing of soft skills and culture fit among new hires, and somewhat less emphasis on industry experience. Gaps in industry knowledge are being filled through more expansive training, which also appeals to the newest generation of equipment finance workers.<\/li>\n<li><strong>Leadership<\/strong>: In remote and hybrid environments, many industry leaders are focusing more on hiring and developing emotionally intelligent and empathetic managers. These managers may be better suited to provide the transparency, trust, and flexibility that workers seek, and by keeping workers satisfied, they may promote retention and productivity. Industry leaders are also prioritizing diversity, equity, and inclusion (DEI) by recruiting a more diverse set of middle and upper managers and improving firm policies like family leave.<\/li>\n<\/ul>\n<p>\u201cAs the workplace and workforce change, it is essential that equipment finance companies understand what employees want in a work environment in order to better inform their leadership styles and work policies,\u201d said Kelli Nienaber, Foundation Executive Director.<\/p>\n<p>\u201cThe insights in the IFC report provide a comprehensive guide for decision-making around hybrid work plans, recruiting and training, management, and being intentional around creating a company culture.\u201d<\/p>\n<div id=\"attachment_10752\" style=\"width: 1308px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-10752\" class=\"size-full wp-image-10752\" src=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31.png\" alt=\"\" width=\"1298\" height=\"764\" srcset=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31.png 1298w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31-768x452.png 768w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31-400x235.png 400w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31-391x230.png 391w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31-440x259.png 440w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31-650x383.png 650w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31-552x325.png 552w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-03-at-10.53.31-646x380.png 646w\" sizes=\"auto, (max-width: 1298px) 100vw, 1298px\" \/><p id=\"caption-attachment-10752\" class=\"wp-caption-text\">The Equipment Leasing &amp; Finance Foundation is a 501c3 non-profit organization that propels the equipment finance sector\u2014and its people\u2014forward through industry-specific knowledge, intelligence, and programs that contribute to industry innovation, individual careers, and the overall betterment of the equipment leasing and finance industry.<\/p><\/div>\n<p>This year\u2019s IFC report was written by Keybridge, an economics and public policy research firm selected to facilitate the 2022 IFC. It is based on input from IFC members across several meetings and a survey conducted between May and July 2022, along with outside research on workforce issues. The IFC is comprised of a cross-section of equipment finance industry executives.<\/p>\n<ul>\n<li>The 2022 IFC was sponsored by Equifax and is available for free download at <a href=\"https:\/\/bit.ly\/ELFFIFC\">https:\/\/bit.ly\/ELFFIFC<\/a>.<\/li>\n<li>All Foundation studies are available for free download from the Foundation\u2019s online library at <a href=\"http:\/\/store.leasefoundation.org\/\">http:\/\/store.leasefoundation.org\/<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Equipment Leasing &amp; Finance Foundation has released the 2022 Industry Future Council (IFC) report, \u201cAdapting to Changing Workers and Workplaces,\u201d which examines issues and best practices around hybrid work, recruiting, hiring, training, and leadership due to pandemic and related labor market disruptions. The report follows up on last year\u2019s comprehensive study, which identified three&#8230; <a href=\"https:\/\/www.findadistributor.com\/news\/industry-future-council-report\/\" class=\"excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":10752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[7745,1610,7746,7747],"class_list":["post-10751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-elff","tag-equipment-leasing-finance-foundation","tag-kelli-nienaber","tag-recruitment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Industry Future Council Report - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/industry-future-council-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industry Future Council Report - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"The Equipment Leasing &amp; Finance Foundation has released the 2022 Industry Future Council (IFC) report, \u201cAdapting to Changing Workers and Workplaces,\u201d which examines issues and best practices around hybrid work, recruiting, hiring, training, and leadership due to pandemic and related labor market disruptions. 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