The Global War for Talent

workersFrom many businesses all over the world many influential and concerned figures are voicing their opinions regarding the issue of talent shortage.

Initially this may seem difficult to believe as we have heard about high unemployment rates are still common in some countries and in areas of countries that have an overall good rate of employment. Looking behind the scenes we find that business life is changing and many new challenges face today’s employers.

Today it is not enough to be successful in the short term.

Long-term sales success and revenue growth requires consistent, outstanding performance that is unique in the eyes of your customers. Today’s businesses have to be at least one step ahead their competitors. In other words you need to be better, faster and/or cheaper and offering high value to the customer.

This goal becomes more challenging due to growing market transparency intensified by the technological development, especially the distance decreasing information and product treasure chest that is the Internet. Considering that your unique idea will be visible and easily reproducible by your competitors within a short period, the necessity to differentiate becomes essential to survive.

Consequently, the importance of clever and complex ideas and strategies developed by clever and talented high potentials rises.

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Cooperation between the private recruitment and Jobcentre Plus

cooperation“Recruitment agencies are crucial partners for us. Temporary work has a vital role to play in restoring confidence to people who have been out of work, and help them develop their communication skills.”
Jim Knight, Employment Minister, June 2009

REC working with jobcentre plus
The private recruitment industry and Jobcentre Plus both share the common goal of getting people into work. For agencies, advertising vacancies through Jobcentre Plus is an affordable and convenient way to source potential candidates from the local community. Recruitment Consultancies can offer career coaching, market intelligence and in-depth specialist knowledge of their sectors. They can tap into the vacancies of hirers who do not advertise via Jobcentre Plus as well as proactively promote jobseekers to hirers who they have an established relationship with.

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Unemployment to peak at 2.8 mln this year: Study

news-150x150Unemployment will peak at 2.8 million people in 2010 as the recession forces more companies to slash jobs and cut costs, according to a study.

The Chartered Institute of Personnel and Development (CIPD), an employment organisation that represents managers and personnel staff, warned in an annual report that the country would face a “sting in the tail” of the recession.

“The CIPD warns of a sting in the tail of the recession with a winter rise in redundancies as employers assess prospects for the economy in the coming year and decide that they will need to raise productivity and reduce labour costs,” the group said.

“The CIPD’s forecast is that the number of people in work will fall by 250,000 between the third quarter of 2009 and the second quarter of 2010, with unemployment rising.

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