The latest HR Market Share podcast is ready for your listening pleasure below. Subscribe to the series in iTunes and look for regular posts to our blog and on the HRmarketer.com site. You can also subscribe to all our past interviews and episodes via Hipcast.
The latest episode is a special one with an interview with Bucky Couch, managing director of StepStone USA. StepStone partnered with the Economist Intelligence Unit on a research report called the The Cold War for Talent.
In the The Cold War for Talent, data indicates the war for talent is not over — it’s the nature of the battle that has changed. While employers tighten their belts through redundancies, the need to fill key roles remains critical. Pools of re-trenched workers are being scoured for top talent, and benefits are being reworked to keep talented employees motivated and performing during a tough time.
Other key findings include:
The interview is chock full of great global insight from the report. Enjoy.
- In many developing markets, growth is expected to continue, albeit at a reduced rate. Competition to hire skilled employees remains fierce for local firms and multinationals alike, especially in Asia and Latin America.
- 52 percent of respondents agree that the slowdown will mean either reducing staffing levels, scaling back or freezing recruitment.
- 27 percent see this as an opportunity to target competitors‘ employees who have lost their jobs.
- There is strong evidence that labor shortages will continue, with 46 percent agreeing that recruiting and retaining talented employees is becoming more difficult, and a similar proportion (48 percent) identify a shortage of talent in their organizations.
- 40 percent of respondents note that additional training for current employees has helped them fill talent gaps in the past year
- 58 percent cite career development as a critical factor in efforts to recruit and retain key employees.
- 61 percent of executives say that the people most responsible for talent management are outside HR, while less than half (47%) believe that the metrics used by HR departments to measure a firm‘s strengths and weaknesses are of value.
If you'd like to be interviewed on our podcast about what's working in marketing and PR or anything about the HR marketplace, or if you have feedback and suggestions for the podcast, please email me at hrmarketshare(at)hrmarketer(dot)com or kgrossman(at)hrmarkter(dot)com.Thank you and enjoy!
Post by Kevin Grossman (join me on Twitter, Facebook and LinkedIn)
Labels: content marketing, employee engagement, HR suppliers, marketing and PR, online marketing, StepStone, talent management, The Economist, war for talent