Search Results for: talent

British businesses missing key productivity and skills boost by ignoring military veterans

British businesses missing key productivity and skills boost by ignoring military veterans

Businesses are missing out on key opportunities to boost their skills base and productivity by not effectively employing well-qualified former military personnel, according to new information released by The Institute of Leadership & Management. According to The Institute, 86 per cent of veterans say business managers still don’t understand how military honed skills can transfer into boosting businesses on civvy street. Coinciding with both Armed Forces Day and the 100th anniversary year of the ending of World War One, The Institute of Leadership & Management has released its new report Tales of Transition (registration required), which claims to identify the barriers to helping ex-forces personnel enter the civilian workplace. The report also details the steps that business leaders can take to support the transition of around 15,000 people who leave the UK Regular Armed Forces each year.

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Quarter of British workers have a side hustle as well as their main job

Quarter of British workers have a side hustle as well as their main job

Academics at Henley Business School have revealed a growing trend in ‘side hustles’ which shows that as many as 1 in 4 people in the UK are running at least one business project alongside their main day job, contributing an estimated £72 billion to the UK economy. Henley has published a white paper on the emerging side hustle economy. Its study of over 500 business leaders and 1,100 UK adults found the trend is now happening at an unprecedented pace across the UK.  A side hustle is defined as a secondary business or job that brings in, or has potential to bring in, extra income. 73 of people who start a side hustle do so to follow a passion or explore a new challenge, but there are financial benefits too, with side businesses contributing 20 percent to side hustlers’ income.

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UK firms may be lagging those of other nations in offering flexible working

UK firms may be lagging those of other nations in offering flexible working

The UK lags behind other nations in the shift to remote and flexible working, putting more emphasis on effective meetings to coordinate scattered teams, a new report, ‘The Modern Workplace 2018: People, Places & Technology’ by software company Condeco has found. The research claims that across the world workers are in the midst of a shift to flexible and remote working – spending more time working from home, on the move or from multiple locations. However, the UK is significantly behind in embracing these trends, which could negatively affect worker satisfaction as well as holding back firms who are competing for the best international staff.

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Edinburgh is best UK location for growing technology businesses but office space is becoming scarce

Scotland’s capital city is the best place for tech companies looking to scale up, access funding, and do business in, according to a new Government backed report examining the UK’s tech landscape. Edinburgh tech companies responded with the highest approval rating in the UK when asked to assess how good their city was for ‘doing business’ – a combination of sub factors including access to finance and talent – as part of The Tech Nation 2018 Report – an annual series that captures the strength, depth and breadth of digital tech activity in the UK which employs over one million people. Although 62 percent of Edinburgh’s tech community are satisfied with local access to affordable office space, commercial property firm JLL, who sponsor the report, said one of the main challenges which now faces a burgeoning tech industry in Edinburgh is the room to accommodate continued growth of the sector.

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New era ahead for corporate real estate strategy, claims CBRE report

New era ahead for corporate real estate strategy, claims CBRE report

The period to 2040 will bring profound and far-reaching changes to corporate real estate portfolios according to CBRE. The new report Portfolio 2040, claims to approach the issue from a portfolio perspective, examining how business, buildings and perhaps even cities themselves, might look in 20 years’ time. One of the key drivers for change is identified as pervasive availability, and creative use of very high-volume data and the growth of AI, enabling companies to adapt almost instantaneously to external change and offer increasingly personalised solutions. Rapid and fluid specialisation, either temporary or permanent, will characterise most businesses and real estate will need to reflect this by being increasingly flexible, multipurpose and rapidly adaptable.

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Location of workplace most important factor in attracting UK job seekers

Location of workplace most important factor in attracting UK job seekers

The most attractive factor for UK job seekers when choosing a new employer is the location, claims the latest Global Talent Monitor report from Gartner. The report warns that employers are facing some challenges in retention as just 27.2 percent of UK employees in 1Q18 reported a high intention to stay with the organisation, down 5.5 percent from the same period last year. The UK had the fourth largest decrease after France, Singapore and Germany and those that are at the highest risk of leaving are those aged between 18-29 and 30-39 who have completed an MBA. The biggest attraction-drivers for UK job seekers are location (53.5 percent), vacation (43 percent), work-life balance (41.9 percent), camaraderie (41.4 percent) and produce or service quality (41.4 percent). More →

Third of UK employees ready to leave as managers fail to meet expectations

Third of UK employees ready to leave as managers fail to meet expectations

Third of UK employees ready to leave as managers fail to meet expectationsNearly half of UK managers (45.1 percent) are ill-prepared for the role, and a quarter (25 percent) of employees say their manager does not have the right skills for effective management, claims new research by Bridge by Instructure. The study, based on interviews of 1,000 managers and employees across the UK on their attitudes towards both management and learning and development, revealed that more than half of those who responded (53.4 percent) think managers need more training to perform as a manager and, almost half (45 percent) think managers need to be given time to operate as a manager rather than having those responsibilities ‘bolted on’ to their existing role. More →

London seen as most desirable city in the world to work, but the UK falls in country standings

London seen as most desirable city in the world to work, but the UK falls in country standings

A comprehensive study into global talent mobility claims that London is the most desirable city for overseas workers worldwide, beating New York, Berlin and Barcelona. In the four years since the first study conducted by The Boston Consulting Group (BCG) and totaljobs, the UK has dropped three places in overall attractiveness, from second to fifth in the country rankings. Decoding Global Talent 2018 (registration required), claims to be one of the most expansive studies every undertaken into workforce migration trends. Shining a spotlight on the UK’s attractiveness to global talent, the research reveals the world’s most desirable destinations for work.

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UK employers aim to accelerate digital innovation, despite some cultural resistance

UK employers aim to accelerate digital innovation, despite some cultural resistance

UK employers aim to accelerate digital innovation, despite some cultural resistanceThe way to measure an employer’s speed of innovation includes how they find talent, their appraisal process, how employees recommend the organisation they work for to others, and how much employees collaborate, claims a new European study by Cornerstone OnDemand and IDC. “Future Culture: Building a Culture of Innovation in the Age of Digital Transformation” explores the relationship between European organisations’ speed of innovation and talent management, with the research showing that firms with a steady stream of new products and services are more likely to have an ongoing feedback process with employees, rather than an annual performance review, while organisations with a slower rate of innovation often use coaching and mentoring to develop employees.

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Leading with purpose is the signature strength of a great leader

Leading with purpose is the signature strength of a great leader

David was a reluctant leader. We were introduced through his HR Director; however, he was not happy to see me. He didn’t believe in personal development and he didn’t want to spend time with a coach. He also didn’t have a lot of choice as he’d recently attended an assessment centre to inform his future and there were some consistent themes about his leadership style that needed to be addressed. Key comments included his hypercritical style that would cut people down, unrealistic pace that gave people no time to deliver quality and a tendency to be overly directive which would crush people’s freedom.

 

Know your past to understand your future

Early in our relationship I asked him about his philosophy about leadership to learn why he did what he did and what he thought about the value of his role. It was a short conversation. David’s response was that he wasn’t a leader, he was a technocrat (although he was already accountable for over 3,000 people), and his role was to deliver the numbers. I realized that going head on into leadership was not the answer. I suggested that we step back and explore what had shaped his career so far and to explore implications for his future. He agreed and quickly told me that his life had been uneventful and therefore it would be a short conversation. Two hours later we were still in the middle of running through David’s life experience and we had to reschedule for the next day. Three more hours and David had painted a rich picture of his lifeline and the impact on his career and leadership.

There were three key values that stood out from his story – doing the right thing, setting high standards and getting the job done. These were paramount for David, strongly influenced by his father who had been a significant role model. When we looked at his purpose David was less clear. He knew that he thrived on change and challenging the status quo. He was at his best when required to achieve stretching targets. He was passionate about showing loyalty to others, including friends and family. We explored his purpose until he arrived at an end point, ”Being a creator of opportunity”. This resonated wholeheartedly and ignited his fire.

 

Leading leaders

I asked David what it would be like if rather than thinking traditionally about adopting a leadership role he committed to being purpose-led? He was unsure at first because it didn’t seem tangible enough. I followed up by challenging him to define what being purpose-led would look like if he was to follow being a creator of opportunity on a daily basis? He described the following:

• seek new horizons for the company to grow;
• encourage people to develop and succeed;
• embrace problems as a way to learn and continuously improve;
• build relationships to develop better outcomes;
• stay energized to be at the top of his game;
• leave a legacy for the company, products and people to be in a better place than when he arrived.

By connecting with the evidence of being purpose-led, David tapped into his own internal drive to be the best he could be. I then asked him to consider what would happen if these six factors became the backbone of his own leadership framework. He got it. For the first time David was able to make an authentic linkage between what was most important to him and leadership, rather than it appearing like a dry theoretical concept.

Next, we evolved his framework into a living and breathing way of leading. We created a map which gave him the clarity about what his leadership could look like:

 

 

 

 

 

 

 

 

 

David found that by putting his purpose at the heart of his leadership he was able to integrate what was most important for him and remove previous conflict about how to lead.

 

What is your purpose?

Purpose is the catalyst for personal meaning and reason for being. Your purpose is the glue that binds teams together and the inspiration that enables organizations to outperform. It is the meeting point between your passion and your talent. When you are on purpose you unlock the necessary skillset to thrive in today’s complex world.

So, what is your purpose? To discover your purpose requires an open mind and a genuine willingness focused on peak experiences in your life. Here are three steps to help you find your purpose:

1. Identify peak moments. Ask yourself, when have you been at your best? Most fulfilled? Happiest? For instance, playing sports, travelling the world, hitting goals.
2. Make meaning. What was it about these events that made them so significant? For example, unleashing passion, learning new things and achieving success.
3. Define your why. Reflect upon why your big themes inspire you and how you would describe your ultimate reason for existence.

Once you have found your purpose you are in a position to define what success would look like to be purpose-led. Translating your success measures into actions enables you to lead with purpose every-day. This will become what you are known for, what you are appreciated for and what will bring you ultimate fulfilment.

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Ben Renshaw is a leadership thinker, speaker, coach and author of eight books, including  LEAD! and SuperCoaching. https://www.benrenshaw.com  His new book, Purpose, is now available. 

 

 

 

Employers and government need to work together to address looming Brexit skills gap

Employers and government need to work together to address looming Brexit skills gap

As the UK continues to navigate a period of uncertainty ahead of its exit from the European Union, new research published by the City & Guilds Group and Emsi claims that nine in 10 employers already struggle to recruit the skilled staff they need. With most industries expected to grow between now and 2024, a significant number of skilled workers will be needed to meet demand. However, People Power, a study based on City & Guilds Group interviewing over 1,000 C-Suite employers in the UK and work with Emsi to undertake extensive economic modelling, has found that two thirds of UK employers think that the skills gaps in their businesses are likely to get worse or remain the same in the next three to five years.

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UK skills shift as organisations digitise and automate operations

UK skills shift as organisations digitise and automate operations

UK skills shift as organisations digitise and automate operationsAlmost half (49 percent) of companies are struggling to find skilled workers as digitisation and automation cause significant change in the skills businesses look for in professionals, according to new data from Robert Half UK. As a result, one fifth (21 percent) are now looking to recruit candidates with exceptional soft skills, with a view to developing the desired technical skills on the job. In the Robert Half research, UK business leaders consider an openness to new ideas (28 percent), an openness to change (26 percent) and good communication abilities (19 percent) as key attributes and will prioritise these areas when considering new talent. Digitisation and automation are rapidly evolving the business world. Companies are having to quickly adapt to the changing world of work, and are looking for employees who can keep pace,” says Matt Weston, UK Managing Director at Robert Half.

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