Challenges, Uncertainties and Disruptive Factors FY25
OUR OUTLOOK AND ANCILLARY INFORMATION
Challenges, Uncertainties and Disruptive Factors FY25
Human Capital
Strategic Priority
Fit-for-purpose workplace and workforce
Drive a performance culture in SANBS with differential reward based on performance
Attraction and retention of critical employees
Driving a culture improvement programme
Cross functional teamwork
Invest in employee and leadership development
Reskilling of employees and preparation to adapt to Digitisation & AI with a clearly defined learning strategy through SANBS’ Academy
Wellness – holistic health and wellbeing to achieve requisite balance
Change resilience – new systems and processes
Succession planning
Challenges, Uncertainties and Disruptive Factors
Skills shortages (especially nursing and Biomedical technologists)
Work-life balance and potential burnout
Filling vacancies
Loss of critical employees
Consequences of macroeconomic environment and rising cost of living
Labour requirements
Mitigating Factors/Opportunities
Leadership diversity and inclusion awareness
Structured change management framework and dedicated change management resources
Culture/change initiative (DNA)
Improve wellness – physical, mental, and financial well-being of employees
Revise employee value proposition to attract and retain critical employees; including dual career streams, identifying promotional opportunities, flexible pay (eg reduced contributions to funds)
Revamped reward strategy
Streamlined recruitment processes
Effective talent management and succession planning
Strategic workforce planning
Driving an ethical culture through implementation of the Ethics Plan
Cross functional team to resolve labour demands
HCM technology integration through implementing SAP success factors
Risks
Materiality Matters
Intellectual Capital
Strategic Priority
Fit-for-purpose workplace and workforce, stakeholder engagement and partnership, supply chain (logistics, stores, inventory)
Reskilling of employees and preparation to adapt to Digitisation & AI with a clearly defined learning strategy through SANBS’ RAD Academy
Development, commercialisation and delivery of cellular therapies
Translational Research - To be an internationally recognised research unit known for innovation and collaboration
Enhance brand advocacy
Integrity of information management systems
Commitment to the highest ethical standards
Challenges, Uncertainties and Disruptive Factors
Adapting to and embracing digital transformation, mindful of information and cyber risks
Increasing technological advancements requiring an appropriately skilled workforce
Future-proofing SANBS
Public trust
Mitigating Factors/Opportunities
Revised Target Operating Model
Creating “future fit” employees, a SANBS employee who is agile and adaptive to the new way of work
Dual career pathway implementation
Robust Information Management Security systems
Research and development – involvement in clinical trials and funding grants/ cellular therapies and genetic testing therapy
Research and operational collaborations with key local and international stakeholders
Research and development through SANBS’ RAD Academy
Expanding our footprint and targets for whole blood, source plasma and platelet collections
Innovating with regards to logistics with further rollout of smart fridges and the drone project