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?
7. 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
REALISTIC
GROWTH IN SIZE
OF UK RECRUITMENT
MARKET
8%annually
12. D1 S1D2 S2
Increase in
demand
Decrease in
supply
PRICE INCREASE IF
ONLY DEMAND OR
ONLY SUPPLY
ALTERED
PRICE INCREASE IF
BOTH DEMAND AND
SUPPLY ALTER