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Talent Drought

The Absence of Talent in the Workforce

Is recruitment a problem for you?

As a business leader you need to take a strategic approach to ensuring that the right processes and plans are in place to capture talent at local, national and perhaps even global level. There's no one size fits all. There is no one approach which will work for each and every company. 
However leaders need to review and streamline their technology and application tracking processes, automise social engagement to build a talent pipeline, and strengthen internal learning and development processes to ensure that they can adapt skillsets to changing business needs. This will help them to get better insight into data to inform human resources decisions, connect with talent across multiple channels and ultimately strengthen their leadership and employee pipeline for the future.

The Hunt is On!

The hunt for talented professionals is proving to be a challenge for many sectors such as financial services firms. It is a real dilemma when candidates fail to meet expectations.
Last week I had a meeting with Tom Bell, he explained that there is a potential talent drought in Cumbria in the next 10 years. Strange terminology perhaps when you consider the major flooding that currently beleaguers the North West. 
However when you have several major employers all demanding skilled project managers at the same time for example it's a nightmare for the componies who find themselves in a lottery situation. In fact human procurement terms this is a perfect storm. 
Hiring is costly both in terms of time and money. However done properly, it pays you back in employee productivity, a successful employment relationship, and a positive impact on your total work environment.

Three Talent Strategies

  1. Top Tip! Develop relationships with potential candidates long before you need them. This will help you create a pool of candidates long before you have a position to fill. 
  2. Prescreen candidates to save the interviewing and selection committee time. A candidate may look suitable on paper or on LinkedIN, however a prescreening call will soon tell you if their qualifications are good fit with your vacancy.  
  3. When you consider hiring an employee, it’s tempting to offer the job to the candidate who is most like you. The candidate feels as comfortable as a well-worn shoe. You won’t get many surprises once you make the job offer to this person, and your gut is comfortable that your favourite candidate can do the job. Beware! Ask yourself; "Does my organisation need another employee just like me"? 

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