Search Results for: talent

Leading management bodies launch initiative to help employers value their talent

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Management experts join forces in strategic workforce investment initiative

Measuring the value of an organisation’s talent and its people management practices has remained stubbornly elusive. This has prompted a group of leading professional bodies to join forces to help businesses measure the impact of their people on organisational performance and better equip them to improve workforce skills and productivity. The ultimate goal of the ‘Valuing your Talent’ initiative by the CIPD, the UK Commission for Employment and Skills (UKCES), the Chartered Institute of Management Accountants (CIMA), the Chartered Management Institute (CMI), Investors in People (IIP) and the Royal Society for the Arts (RSA); is to develop an open framework for the measurement of human capital that will make good people management practices more visible, and encourage businesses to invest more strategically in their workforces.

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UK leads the world in talent, but it needs the right culture in which to thrive

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London at nightWe should never take the UK’s talent base for granted. According to a new report from Deloitte, when it comes to employment levels of people in knowledge based jobs in high skill sectors such as digital media, banking, legal services, software development, telecoms and publishing, London is comfortably the world’s leading city. The study found that London employed 1.5 million people in the 22 sectors surveyed, compared with 1.2 million in New York, 784,000 in Los Angeles, 630,000 in Hong Kong and 425,000 in Boston. The report also predicts that London will enjoy rapid growth in employment levels in these sectors over the next seven years, adding around 100,000 more people and that while a decline in employment is foreseen in financial services, this will be more than offset by strong growth in creative and media businesses.

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Open source talent could rewrite the meaning of the term workforce

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Open source talent could rewrite the meaning of the term workforce

The digital revolution has changed the definition of the “workplace”, from a physical building where employees go to perform the tasks for which they get paid – to a more flexible model that allows staff to perform and deliver work from a variety of locations. But the employers’ role, i.e. managing the talent wherever they are based, has remained the same. Not for much longer – suggest analysts from Deloitte in a new paper, The Open Talent Economy, which describes the evolving workforce as a mixture of full-time employees, contractors and freelancers and – increasingly – people with no formal ties to a business at all. What’s more, in the future this “open source talent” will ultimately rewrite what the term “workforce” actually means. More →

Proceed with caution when using social media to recruit new talent

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Why you should proceed with caution when using social media to recruit new talent

Time was, not so long ago that a job seeker could choose which aspects of their experience, interests and personality they wanted to reveal on a job application. For the employer this meant wheedling out the right candidates from a pile of written applications, then using the interview process to determine whether the applicant measured up to their requirements. Today, social media not only makes it easier for employers to reach a much wider universe of candidates – it also gives them the opportunity if they choose, to screen potential employees, and this is where legally, ethically and practically, new largely uncharted problems lie. More →

Show us the money. Increasing pressure for ROI on talent management initiatives

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Show us the money. Increasing pressure for ROI on talent management initiatives

Talent management is an integral part of the Human Resource role, but now HR professionals are being asked to provide some financial evidence. Four out of five (82%) of HR professionals are under increasing pressure to clearly demonstrate the financial return on investment of staff development a global study by Right Management has found. Although two thirds (65%) of UK-based senior HR executives believe that they are already highly effective at measuring the impact of their talent management initiatives, 85 per cent said that they are under rising pressure to demonstrate the outcome of these initiatives in monetary terms. More →

Employers struggling to recruit the right talent finds survey

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Employers struggling to recruit the right talent

Employers are having to work harder than ever to find the right talent to fill vacancies, with the proportion of employers reporting an increase in competition for well-qualified talent increasing threefold from 20 per cent in 2009 to 62 per cent in 2013. The annual CIPD/Hays Resourcing and Talent Planning Survey 2013, which examines resourcing and talent planning strategies across private, public and voluntary sector organisations, reveals that six in ten organisations had experienced difficulties filling vacancies in the past year, and although more than half of organisations report that they make use of social media in resourcing, just two fifths have a dedicated strategy. More →

Flexible working arrangements could help law firms attract talent

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Legal journalsA new report from recruitment consultants Douglas Scott claims that a greater use of flexible working in the UK’s law firms would help them attract and retain the best employees. The survey of staff from firms across the UK  found that while only 19 per cent of employees currently enjoy flexible working, nearly half (43%) of respondents claimed flex-time is at the top of their wish list of employment benefits. The survey note a deal of variation across law firms with 73 per cent of public sector employees already on some form of flexible arrangement, compared to just 16 per cent across the board and only 13.6 per cent in the top 100 firms. Flexible working is enjoyed by more senior people with 20 per cent  of qualified candidates enjoying flexible working compared to 7 per cent of support staff.

Rigid attachment to best practice “killing” talent management

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KPMG talent management white paper

A rigid attachment to ‘best practice’, rather than a focus on business needs, is preventing many organisations from unearthing and nurturing staff to drive their business forward and the danger of such an inflexible approach is killing organisations’ ability to properly manage talent. According to Anna Marie Detert, KPMG’s UK Lead for Talent – a tendency to copy or adopt the latest fad or fancy must be challenged if employers are to understand the talent they truly need to succeed, and plan effectively to find and keep it.  More →

Job fulfilment, not pay, motivates Generation Y talent

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Today’s 20-to-30-something workforce, representing the management class of the future, values job fulfilment over financial reward, according to research by the iOpener Institute, which analysed responses from over 18,000 professionals. The study shows that Generation Y, the digital cohort born after the early 1980s, are motivated to stay with their employer, and to actively recommend their organisation to friends, by the level to which they are fulfilled in their job, rather than their levels of pay. More →

Nearly all businesses are aware of disability issues, but more needs to be done

Nearly all businesses are aware of disability issues, but more needs to be done

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A new study of 120 global brands shows how over 90 per cent of businesses now recognise the importance of disabled employees and customers. The study is the first to consider how businesses are serving the needs of disabled people at a global and local level and how to share best practice. More →

London tops rank of smartest cities in the world

London tops rank of smartest cities in the world

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London has once again been declared the smartest city in the world, according to the seventh edition of the IESE Cities in Motion Index 2020. New York takes the second spot, followed by Paris. The top 10 list is rounded out by Tokyo, Reykjavik, Copenhagen, Berlin, Amsterdam, Singapore and Hong Kong. More →

Demand for workspace in Oxford-Cambridge Arc set to soar

Demand for workspace in Oxford-Cambridge Arc set to soar

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New research from Property Consultants Bidwells claims that up to 20 million sq ft of new lab and office space will be required in the Oxford-Cambridge Arc within the next two decades to keep pace with demand, twice the volume of the previous 20 years. The new report, ‘Oxford-Cambridge Arc Beyond the Covid-19 Crisis’, also estimates that the Arc will represent almost 11 percent of UK GVA by 2050, up from 6 percent today, equivalent to £100bn a year. More →

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