why should i work for you?
DESCRIPTION
What makes a successful business, how to retain the best people and how to avoid the culture trap when recruiting - lessons from 50 change and transformation programmes. Delivered by Peter Lowman of LoveWorkLife.TRANSCRIPT
Why should Iwork for you?
Peter LowmanCo-Founder and Managing Director
LoveWorkLife
Delivered at the seminar “How to Attract and Keep the Best Talent…For Less”
on 19 March 2014Organised by LoveWorkLife in partnership with Mercury xRM
Why should Iwork for you?
Peter Lowman
Co-Founder and Managing DirectorLoveWorkLife
020 3145 0600
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Major Global Demographic Changes
• Degreed professionals and experienced managers retiring in record numbers in next 10 to 15 years
• Not enough graduates to replace talent leaving
• Shortages critical skills – Engineers, Scientists, Chemists, IT, Health
• Major problem in Europe and USA
020 3145 0600
• Find talent outside Europe and USA
• Emerging market growth outpacing developed countries
• Candidates will move globally for right job and will stay
Major Global Demographic Changes
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• Talent shortage will be severe – Technology, Health Care, Accountancy / Finance, Engineering, Science
• A much more global workforce
• Global sourcing needed for scarce skills
• Global connections needed
Implications for Finding Talent
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• Economy +1.9% in 2013, +2.5% forecast 2014
• Record employment – economy not back to 2008 levels
• Skills & Talent shortages in many sectors – Automotive, Healthcare, Construction, Public Sector, Transport
• Salaries starting to rise
• Immigration policy may deny UK employers access to non-EU talent
UK Labour Market
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• Vacancies at 15 year high
• 65% employers plan to increase headcount in next 3 months
• Increasing use of mobile devices to search and apply (88%)
• Mobile searchers act more quickly
UK Labour Market
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• What if you add the value of your staff to your balance sheet?
• What would the impact be?
Value of your staff
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• You could increase productivity by 5% ….10%?
• You could retain staff longer?
• You were more attractive to candidates?
• You don’t attract the best candidates …what cost?
• Your social media profile attracted good candidates
What if?
020 3145 0600
• Experience from over 50 major strategy and change projects
• Major UK and European Organisations
• Key characteristics of an organisation to attract and retain the best
Attracting The Best Talent
020 3145 0600
• Inspired and inspiring leaders
• Clear values that are lived by all
• Clear vision that everyone buys into
• A great execution plan
• Valued and given responsibility and appropriate authority
Key Characteristics to Attract & Retain the Best
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• I am nurtured
• Great communication and listening
• Transparent expectations of me and clear performance standards
• Hungry for my ideas
• I know how the business is performing
Key Characteristics to Attract & Retain the Best
020 3145 0600
• A – Stars
• B - Solid Core
• C – Under Performers
Know your ABC
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Hiring – The Culture Trap
020 3145 0600
Values alignment
High
Low HighMatch ‘technical’
requirements of role
020 3145 0600
Values alignment
High
Low HighMatch ‘technical’
requirements of role
020 3145 0600
Values alignment
High
Low HighMatch ‘technical’
requirements of role
020 3145 0600
Values alignment
High
Low HighMatch ‘technical’
requirements of role
020 3145 0600
Values alignment
High
Low HighMatch ‘technical’
requirements of role
020 3145 0600
Values alignment
High
Low HighMatch ‘technical’
requirements of role
POTENTIAL
020 3145 0600
Values alignment
High
Low HighMatch ‘technical’
requirements of role
POTENTIAL
020 3145 0600
The magic ingredient
Passion
020 3145 0600
@love_work_life
020 3145 0600 [email protected]
www.loveworklife.com
Thank you!
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This slideshow contains one of six presentations delivered at the seminar “How to Attract and Keep the Best Talent…For Less” on 19 March 2014.
To access all six slideshows and to find out more about this and our other events, please contact LoveWorkLife:
Click icons!020 3145 0600
Organised by LoveWorkLife in partnership with Mercury xRM.Visit www.loveworklife.com and www.mercuryxRM.com