Inspire : Public Works May Jun 2013
42 Public Works Professional May-June 2013 VIVA LA REVOLUTION! THE WAR FOR TALENT IS over ... and talent has won! Organisations that don't recognise this, and which don’t signifcantly change the methods they use to hire and retain staff, will lose. Demographics show how talent has won. There have simply not been enough people born over the last three decades to replace the retiring Baby Boomers. Technology and globalisation have also changed how we do business. These two factors are combining to create a massive skills shortage, culminating in a predicted number of unflled jobs reaching millions to tens of millions worldwide by 2020. So if talent has won, does that mean organisations have lost? Those that do not update their human capital practices certainly will. But your organisation doesn’t have to. Not if you join the Post Industrial Revolution Evolution. By that, I mean an evolution away from those hiring and management practices developed during the Industrial Revolution when we required our staff to do very specifc, tactical and routine tasks. According to McKinsey, 70% of the jobs in today’s post-industrial knowledge economy need staff to be more strategic, innovative and solutions oriented. Yet the structures and processes used to hire and manage people still hark back to the industrial era, costing millions in increased turnover to replace (estimated at 50 - 200% of an annual salary). But they also cost in lost productivity. According to research, only one-ffth of workers are actively engaged in their work, while another ffth feel actively disengaged. The remaining 60% are only THOUGHT LEADERS KIM SEELING SMITH FOUNDER OF IGNITE GLOBAL How to attract, engage and retain sta Kim Seeling Smith heads a consultancy whose mission is to deliver results in attracting, engaging and retaining staff. Here she explains some cutting-edge strategies to do just that.
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