back to topNew technologies, rapidly changing business models and globalisation of markets have all increased the demand for great people.
Even the recent slowdown in the economy has not eliminated the ‘war for talent’. Organisation downsizing has temporarily mitigated the effect, but it has increased the focus on ensuring that the talent remaining in an organisation is high-performing and well-suited to the strategic needs of the business.
With pressure to maintain earnings and increase shareholder value, organisations continue to downsize. The careful management of the remaining pool of talent is critical to ensure that performance is not undermined at a later date because the organisation does not have the appropriate capabilities to capitalise on growth opportunities.
Many businesses rely on recruiting new people rather than the planned development of the talent already existing in their business. This can leave organisations unprepared to respond quickly to business opportunities. It is a constant challenge to have the right people in the right jobs at the right time in order to deliver improved business results.
Recent research in both Western Europe and North America indicates that over 45% of today’s employees are considering leaving their role in the next 2 years.
Of course that doesn’t mean that they will leave. But this has to be of concern to you as a business leader if nearly 50% of your people are distracted from the job in hand of delivering for you! Any wonder that delivery of your business goals is sometimes elusive?
Add to that the fact that in today’s society, employees are choosing a ‘portfolio’ career. Today’s graduates are likely to have between 5-7 careers in their working lives and it’s predicted that children born in the millennium are likely to have around 10 different careers – most of those not even invented as at today!
To further complicate matters, most of Western Europe and North American demographics are changing dramatically – with most nations unable to sustain their population with the fall in birth rates. An aging workforce is leaving many organisations with their critical talent approaching retirement – often with an inadequate supply of younger talent.
These factors surely create a compelling reason for organisations to wake up to the fact that there is a war for talent.
Wondering what you need to do to ensure you attract and retain the talent you need to deliver your business goals?
Contact us by email or by phone on +353 (0)1 477 3916 – we value your time so we'll quickly tell you if our skills are a good fit. We look forward to an interesting conversation!
