BALANCE AT WORK BLOG

The five step skills shortage strategy

Print Friendly, PDF & Email

One of the constants in running a business is the challenge of attracting and retaining high quality staff.

We have seen businesses opting to improve productivity among existing staff and control their recruitment budgets since the GFC hit Australia.  At the same time, unemployment is staying low and the number of jobs advertised is slowly rising. 

A recent report by Hudson found that around 44% of employers still find it hard to source candidates with appropriate skills.  The war for talent continues!

Add to this the estimated cost of losing an employee at 70-150% of their salary and you can see why it’s vital to get the right person the first time.

What can you do to win in a talent war?

 

1.  Upskill existing staff.

Or hire for attitude and train for skill.

2.  Only use advertising that attracts the best people.

Include role and salary details, company name and location, benefits (including training).  Tell what it’s like to work for your company and why they should want to work for you.

3.  Follow a transparent and structured process. 

Candidates will recognise your level of honesty, fairness, consistency and flexibility in the recruitment process.  Delivering in these areas will help you stand out from your competitors for limited talent.

4.  Use a variety of sources of information. 

Combine different ways of assessing candidates to ensure you get all the information you need to make your decision.  Take the time to introduce them to the team or involve a peer in the interview process to confirm cultural fit.

5.  Get help. 

Unless this is something you do every day consider getting help form a recruitment consultant who knows your industry.  A good consultant can quickly identify ways to inprove your skills shortage strategy.

Share Button

Leave a Reply

Your email address will not be published. Required fields are marked *

"The last couple of years at batyr has seen incredible growth and the Balance at Work team has supported us along the way. They have helped us improve leadership skills across the team by helping us source and manage mentors, and even engaging as mentors themselves. As a young and fresh CEO Susan has also supported me personally with genuine feedback and fearless advice to achieve great things. "
By Sam Refshauge, CEO, batyr
"We used the Harrison Assessment tools followed by a debrief with Susan, for career development with staff, which then allowed us to work with Susan to create a customised 360 degree review process. Susan has a wealth of knowledge and is able to offer suggestions and solutions for our company. She is always ready to get involved and takes the time to show her clients the capability of Harrison Assessments. "
By Jessica Hill, Head of People and Culture, Choice
"Balance at Work are the ideal external partners for us as they completely get what we are trying achieve in the People and Culture space. Their flexibility and responsiveness to our needs has seen the entire 360 approach being a complete success. The online tool and the follow up coaching sessions have been game changers for our business. The buzz in the organisation is outstanding. Love it! Thanks again for being such a great support crew on this key project."
By Chris Bulmer, National GM Learning and Development, ISS Australia
"We use Harrison Assessments with our clients to support their recruitment processes. We especially value the comprehensive customisable features that allow us to ensure the best possible fit within a company, team and position. Balance at Work is always one phone call away. We appreciate their valuable input and their coaching solutions have also given great support to our clients."
By Benoit Ribe, HR Solutions Manager, Polyglot Group
"The leadership team at Insurance Advisernet engaged Susan from Balance at Work to run our leadership development survey and learning sessions. Susan was very professional in delivering the team and individual strengths and opportunities for growth. Susan's approach was very "non corporate" in style which was refreshing to see. I can't recommend Balance at Work more highly to lead, employee and team development sessions."
By Shaun Stanfield, Managing Director, Insurance Advisernet

SUBSCRIBE