WHY YOUR JOB WILL GET HARDER IN 2014…. … AND WHAT YOU CAN DO ABOUT IT. RUSSELL BECK HEAD OF CONSULTING, IMPELLAM
Why recruitment will be harder in 2014, and what you can do about it
Nov 01, 2014
I gave this presentation at the Talent Leaders Connect conference on 12 June 2014. I wanted to show that Talent is the #1 factor keeping CEOs up at night, but that CEOs have limited faith in HR solving this, their single biggest issue. I then show how the economy is in out and out growth mode which means demand is increasing whilst supply decreasing making HRs job exponentially harder.
I then propose a way forward and suggest that embracing an "agile workforce" could help solve this. I show two companies where they have done just this and the benefits that gave each.
I then propose 3 tangible solutions to help HR on the journey.
Given demographics and skills shortages, these changes will happen, will HR embrace them or be led by them?
I then propose a way forward and suggest that embracing an "agile workforce" could help solve this. I show two companies where they have done just this and the benefits that gave each.
I then propose 3 tangible solutions to help HR on the journey.
Given demographics and skills shortages, these changes will happen, will HR embrace them or be led by them?
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Transcript
WHY YOUR JOB WILL GET HARDER IN 2014….
… AND WHAT YOU CAN DO ABOUT IT.
RUSSELL BECKHEAD OF CONSULTING, IMPELLAM
63 % OF CEOs ARE CONCERNED ABOUT AVAILABILITY OF KEY SKILLS
2012
53%2008
2009
2010
20112013
2014
63%
58%56%
51%
61%
46%
93% SAY THEY RECOGNISE THE NEED TO CHANGE THEIR STRATEGIES
FOR TALENT
61% HAVEN’T TAKEN THE FIRST
STEP
ONLY 34% OF CEOs FEEL THAT HR IS WELL PREPARED FOR THE
CHALLENGE AHEAD
THIS IS WHAT IS KEEPING CEOs UP AT NIGHT
FORECAST UK ECONOMIC GROWTH IN 2014
2.9%
% OF EMPLOYERS WHO PLAN TO INCREASE THE NUMBER OF PERM EMPLOYEES
75%In next 3 months
% EMPLOYERS WHO PLAN TO INCREASE THE USE OF AGENCY LABOUR
48%In next 4-12 months
PERMANENT SALARY GROWTH IS AT ITS HIGHEST SINCE 2007
CONTINGENT PAY GROWTH IS AT ITS HIGHEST SINCE JULY 2013
2012 SAW THE FIRST INCREASE IN THE DIVORCE RATE SINCE 2007
REALISTICGROWTH IN SIZE OF UK RECRUITMENT MARKET
8%annually
Seasonally adjusted vacanciesSource: ONS
600k
550k
500k
450k
400k
02009 2010 2012 Q1-142011 2013
DEMAND
INCREASE IN LIFE EXPECTANCY 2012 - 2037
5 years
% OF UK WORKING POPULATION OVER 50 in 2020
33%
INCREASE IN % OF EARLY 60 YEARS OLDS EMPLOYED IN GERMANY, TODAY VS. 2004
100%
%UK COMPANIES THAT OFFER APPRENTICESHIPS
15%
9TH GRADE ENTRANTS 100,000GRADUATES68,000COLLEGE ENTRANTS 40,000DEGREE QUALIFIED 17,000ENGINEERS800MECH. ENGINEERS 125
4.3M 5,375 11,157
11
10
9
8
7
62009 2010 2012 Q1-142011 2013
SUPPLY
UN-EMPLOYMENT RATE (%)
D1 S1D2 S2
Increase in demand
Decrease in supply
THE PERFECT STORM
PRICE INCREASE IF ONLY DEMAND OR ONLY SUPPLY ALTERED
PRICE INCREASE IF BOTH DEMAND AND SUPPLY ALTER
A PROGRESSIVE APPROACH
HRIn-house or
RPO
ProcurementLine or
MSP/MV/NV/hybrid
LinePSL orDirect
Perm
Full–timePart-time
ApprenticeshipsGraduates
Contingent
Limited CompanyTemporary
Consulting
Workforce packagesSoW
On/Off shorePartners
Consultancies
WHAT ARE THE BUSINESSES’ STRATEGIC TALENT NEEDS?
WHAT GAPS DO WE HAVE INTERNALLY AND EXTERNALLY?
CREATE A SOLUTION
BUY BUILD
BOOST
BOUNCE
BORROWBIND
13,500 $2.6bn 2.9m
“LIVE THE REWARDING LIFE YOU DESERVE EVERYDAY”“ENJOY FREEDOM AND FLEXIBILITY”“BE REWARDED”
18
“A WORLD LEADER IN CONTEMPORARY DANCE”
3 STARTERS FOR 30
YOU ARE HERE
Stop doing what you are doing because you have always done it
3 STARTERS FOR 30
YOU ARE HERE
Stop doing what you are doing because you have always done it
Plan
Make direct sourcing holistic
THIS IS WHAT IS KEEPING CEOs UP AT NIGHT
MAYBE YOU CAN HELP THEM GET SOME SLEEP
RUSSELL [email protected] 07710 898904
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