I was asked recently what I thought the next 12 months would hold for recruitment. And my mind turned to the marketplace impact that September 11 had for us.
Organisations did very much what they are doing now reduce head count and reduce recruiting. It makes sound economic sense in these sort of times.
However the most interesting aspect of that period was that as the market turned around and upwards about a year later organisation after organisation that we dealt with began to realise that their talent pool was very shallow.
And it will be the same later this year and during the first quarter of next year.
The market will have turned around and upwards and organisations will be asking - how do we cope with growth again and where will I find the people to deliver it?
Added to this many organisations will begin to find that they need talent to replace retiring baby boomers as well as talent that thinks in tune for the new market conditions.
The market has changed radically and we will not see again the type of markets that existed two to three years ago. They are gone.
So successful organisations will need adaptive talent and yet often (even now) we see organisations recruiting skills and technical ability and not adaptive talent.
So for many this period will bring significant risk especially if you have not built strong retention value strategies for your key talent.
The market will be talent short once again and good people will be in strong demand. The war for talent will be starting again!!
In anticipation of this we started a business last year Career Architects to support organisations in being able to develop, strategies, tools and programmes that add value to your people and their careers. These will become very strong elements in future talent retention.
Please check out the website: www.careerarchitects.co.nz
Like anything in life anticipation is a key element for success in the war for talent.
So protect the talent you have and if you are not sure who your talent is please give me a call as we can indentify it for you. That is what we do well!!
Date: Thu 4th Jun 17:12 PM
Author: Terry McCloy