| Britain’s got talent, but time is running out to hire it |
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| | Global business
performance consultancy
McKinney Rogers says
that firms who take the
opportunity to invest in
new hires now, have the
opportunity to assemble
a winning team with the
ideas, innovation and
drive to ensure success
for the next decade.
However, the window
of opportunity will not
stay open for long, and
businesses should
particularly be looking
out for the following
opportunities:
● In a business, a
few senior star
performers can make a
huge difference, but
identifying and
attracting such people
is normally hard and
expensive. However,
currently there are many
high-flyers and proven
performers redundant, or
at distressed and
struggling firms, who
are prime targets for
headhunting. As an
example, many smaller
investment banks were
quick to recruit star
performers and whole
teams from Lehman and
the larger banks that
had suffered during the
credit crunch.
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● At the opposite
end, the UK job market
is swamped with
graduates, with many of
the 300,000 that entered
the market this summer
still actively seeking
employment. Those
businesses that usually
struggle to get the top
performers, such as
smaller firms, should be
recruiting now while
they are available.
● In terms of
technical skills, there
are also many
experienced
professionals who have
suffered redundancy so
now is a great time for
businesses of all kinds
to plug particular
skills gaps while well
qualified people are on
the market.
Chris Hart, a UK
partner with McKinney
Rogers, said: “The
so-called ‘war for
talent’ may seem over,
but it will soon erupt
again with a ‘race for
talent’ as firms seek to
grab the most talented
people available.
“The usual problem
facing businesses is a
lack of suitable people | |
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| | on the market, so the
current problem of large
numbers of unemployed
graduates and
experienced people is
highly unusual. The
recession will not last
forever and businesses
should make sure they
recruit the very best
talent now while these
people are still
available.”
Hart added: “Many
senior executives have
said to us that they
cannot plan yet because
they still don’t know
when the recovery will
take off. Taking
well-judged risks is
part of leadership and
now is the time for big
decisions: inaction is a
decision in its own
right – and it may prove
a costly one for those
businesses faced with
bolder rivals.
“Those firms that
wait for the recovery to
be indisputable, whether
it is this autumn or
early 2010, will find
the best people have
already been
cherry-picked by those
businesses taking a more
long-term view.” | |
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