With 23+ years’ expertise under the belt, you’d think by now one would have well established worthy business rhythms in place along with a confident, savvy grasp on the issues and solutions needed by customer audiences. And on many levels you’d be right, given the ‘good legs’ that still exist within the traditional transactional business model in today’s world of recruitment.
However right now for me, I have my 2012 specs firmly in place because the trend machine is gathering force as we strive to navigate a demanding talent economy. It means that significant reframing is required and it is the agile and smart that will survive and thrive. And the impact zone isn’t just industry focused. Changes are making their mark inside all businesses and with all employees alike. Why? New Zealand is facing talent shortages, plain and simple.
In recent employer discussions when reviewing the expected impacts of talent shortages, it was finally apparent that a shift in thinking in relation to sourcing and attracting talent is taking place, thank goodness.
According to the Deloitte Talent Edge New Zealand – 2012 report, 83% of CEO’s are concerned about the impact a lack of talent is/will have in their business. And they are right to be concerned. As a nation we have come through a phase of short term thinking being the key to survival, but now the art of the medium-to-long view is kicking in which means plans and preparation are needed. And the good news? It isn’t as impossible as it sounds.
Case in point: A Frog client, having assessed expected turnover in key strategic roles over the coming twelve to twenty-four months decided to change their approach and actively develop and grow a talent pipeline consisting of national and international ‘high impact/highly skilled’ individuals to form part of a future hiring community. Frog was approached to transplant one of our own social media savvy team on-site to develop and implement the plan. The results were outstanding.
- A talent pipeline of an initial 250 individuals was created and the future hiring community was born
- Communications were personal and well-constructed creating an authentic style
- A goal has been set to recruit 40% of key roles from within the community
- Cost savings in the short term were estimated at $250,000 on expected fees
- Cost savings are anticipated to increase to $600,000 over the next three years
- The project was handed to the client in-house team to manage with Frogs consultancy involvement falling into media suggestions and content when needed
- Short term/urgent recruiting occurred for 15 roles with 4 coming from the UK
- Competitive advantage was achieved with useful competitive market data
- Brand awareness became priceless, as they say
Given the outcomes of this successful problem solving it is important to note three of the key elements in play to create such impressive results:
Firstly, the acceptance by senior management that hiring high calibre talent to make strong impacts is vital to long term success. This activity is considered necessary and on-going.
Secondly, the traditional and at times long winded recruiting methodology of recent years could compromise an employer’s agility and responsiveness in this competitive world where the highly skilled are highly prized.
And finally, talent attraction and sourcing has moved light years away from the days of “I have the perfect person for your position” and morphed into a sophisticated range of problem solving capabilities such as marketing, employer brand management, social media channel communication, workforce planning, reputation management and talent solutions to name but a few.
These are the ’good legs’ in today’s recruiting environment – all aimed at assisting employers solve current and future talent dilemmas.