Everyone running a successful company knows that staying ahead of the competition is about having the best people. In fact, Harvard Business Review details that your top performers are four times more productive than your average worker. So, how do you get and keep these people? Well, it starts with an "Employee Value Proposition" or (EVP).
For the past two years, we have had no incoming talent to Australia. And the interstate lockdown also means that no people from other states have been coming to Victoria. Expats have been moving back to their home countries to be with families and we’re seeing a noticeable talent drain from Victoria as, all of a sudden, Queensland, South Australia seem more enticing to (formerly) the World's Most Liveable City. There is a shortage of available talent, an endless number of vacancies in the market, and by many accounts we're about to face a Great Resignation! Get your house in order for 2022.
The pandemic-driven Great Resignation has already begun to hit the UK and the US. And experts predict that Australia’s is about to follow with resignations starting on mass in March 2022. In this post we look at ● Changes in working lives - a background ● What is the Great Resignation? ● Who is being affected, and what might be the outcome for employers? ● What does a business need to consider to retain staff? ● Is the Great Resignation coming to Australia?
Statistics show that a retained search process increases the fill rate from the 15% to 20%, produced by a Contingent Recruitment model (no placement no fee) to 90% - 95% when delivered as a Retained Search Assignment. How does this happen? Here is the process we follow.....
When it comes to shortages in the Australian construction industry, either for male or female mid to higher-level candidates, it's been my experience that employers have long missed out on the golden opportunities available to them by talented people that have emigrated here. Further, as we move out of the pandemic and immigration is 'turned back on' (fingers crossed), the 'talent shortage' we are currently witnessing will likely need to be filled by talented overseas migrants.
When it comes to delivering equal pay and equal rights for all people regardless of race and sex, it's been a long road for minorities. Many people will happily conclude that great strides have been made, and we can now all sit back, having accepted all minorities fairly and completely. But behind closed doors, in my recruiting office, I still have concerns that things are still not as equal, open, and diverse as we think.
Retained search is particularly beneficial when the need is urgent, the hire will have a substantial impact on company performance, or new opportunities emerge that must be quickly addressed. It is by far the better alternative for every party involved. Now, let us see why that is.
Through our Partnership with Headway DNA, we are delighted to be able to fulfill our desire to help our clients improve their hiring outcomes whilst also helping candidates improve their soft skills and assist with their career progression.