The way we search for jobs is constantly evolving and has historically been shaped by major technological developments. For example, in the nineteenth century the railways opened up new frontiers, driving candidates to out-of-town jobs. But recent history holds clues too; we don’t have to think back too far to a time when CVs were sent by post and we simply didn’t have the world of possibilities brought to us from the dot-com boom.
According to statistics published last summer, the average company boss is 54 years old, male and privately educated. With the rise of the millennial generation – otherwise known as Generation Y – shaking up the business world, I believe that businesses need to embrace diversity in both age and gender in order to survive in the 21st century. Here I will look at the important role that younger generations can play in today’s business world.
Posted on 15th July 2015 in Recruitment.
A key challenge for all small businesses with big ideas is how to match the scale of your ambition with the limited depth of your pockets – how can you make your resources and funds work harder?
Youth unemployment has been recognised as a major issue in recent years, but there’s also been real progress in how companies are approaching this key demographic. Today, three quarters of UK employers now offer various entry routes into work for young people and unemployment rates are steadily declining which is promising to see.
When it comes to attracting the best talent into your small business, there can sometimes be a David and Goliath dynamic. How do you compete with the salaries, glossy perks and benefits offered by blue-chip competitors?
Latest research conducted by McKinsey indicates that organisations in the top quartile for racial and ethnic diversity are 35% more likely to have financial returns above their national industry medians*. Other research has shown that teams with a wide spread of diversity outperform homogeneous teams.
Posted on 9th July 2015 in Recruitment.
Implementing an effective recruitment strategy and ‘getting it right’ is essential if companies are to drive growth and profitability. The consequences of an ineffective recruitment strategy and ultimately, a bad hire can be extremely costly.
Posted on 1st July 2015 in Recruitment.
High staff turnover can be detrimental to any business, with the cost of replacing an employee averaging around £30,000. A third of UK businesses have turnover rates of above 21%. Staff turnover needs to be kept low in order for businesses to maximise productivity and profits, but that means getting to the root of employee turnover.
Social media has transformed the way we source information, meet people, and find jobs. In the technology industry the most attractive potential candidates are those who have grown up and evolved with digital. These are the people that don’t see Twitter as “just another social media channel”, but as a social search engine to which they contribute, engage and network.
The most challenging thing for any small company is to find and hire the right people. If you’re a service company, you’re essentially selling the skills and expertise of the people in the team, so it is critical to get it right.
Posted on 19th June 2015 in Recruitment.