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Bridging the skills gap
During recent years we have heard
the expression, ‘recruit for attitude and train for skills.’ Yet, most
organisations do not take this approach. Paul Bridle, a leadership
methodologist, delves into the burning issues of skill shortages, recruitment
and retention
We
are living at a time when skill shortages are becoming a problem in most places
in the world. It seems that every newspaper or journal has an article about
recruitment, retention or skill shortages. Figures show that the issue is a
major problem all over the world.
A recent report from KPMG stated that over 60 per cent of the employers in
London are facing skills shortages. At the same time, according to an estimate,
the average cost of filling a vacancy is £4,800.
In the US, I was given some statistics showing that 40 per cent of the workforce
in US will be of retirement age by 2010 and a fifth of large US companies will
loose at least 40 per cent of their top talent as executives reach retirement
age.
Statistics also showed that 68 per cent of people blamed poor selection and
promotions as the cause of lower productivity and 66 per cent said it resulted
in lower productivity. In UK, four out of five employees surveyed said they do
not feel ‘engaged’ in their work and this could equate to £46 billion in lost
productivity and working days!
At two management conferences I have attended in the last quarter, the main
subject to the management team has been how to deal with skill shortages,
recruitment and retention.
Shifting attitudes
All this is happening against a backdrop of an emerging new generation that
has a different attitude to work and career. Two trends that have come out in
the last year point to the average university student having three to five
careers in their working life and changing jobs every two to five years!
So what is needed is a different way of looking at the problem of retention and
certainly recruitment will need to change significantly.
Is it left to the Human Resources department to deal with or, is it something
that the Board is taking an active interest in? Do you have a ‘Strategy’ for
recruitment? I don’t mean an approach, but a strategy as to how you plan to deal
with the recruitment of people over the next three to five years. The
recruitment strategy should be aligned to the business plan and come out of the
business plan.
During recent years we have heard the expression, ‘recruit for attitude and
train for skills’. Yet I find that most organisations do not take this approach.
Worse, I find that organisations think they have to pick from the applications
they receive instead of looking to find the right person.
The most progressive organisations I have come across are so clear about the
attitude they need, that they are even working with recruitment agencies (and
even schools) to help develop people that are ‘employable’ in the future.
So I ask you to think about the following questions:
-
Do you and your organisation have a clear
strategy to recruitment?
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Is recruitment seen as an investment in your
business or as a necessary job that detracts from the day-to-day business?
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How are you measuring your current recruitment
process?
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Do you recognise when it works well and learn
from when it doesn’t?
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Are your management fully engaged in the
process?
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How good is your induction process to compliment
the recruitment? Is induction seen as an investment in the business or another
process that needs to be completed?
-
Do you rigorously monitor the person to make
sure that they are having the right impact on your organisation, or do you
leave it until it is too late and then you have to deal with the person
through disciplinary actions.
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June -
2007 |
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Cover Story |
MSM hots up
Omani companies are lining up to raise RO400 million from the securities
market in the coming months. With the MSM index crossing the 6k mark in May, the
market in Oman is unlikely to be the same again. P Aneel Kumar finds out what
makes the MSM attractive for companies as well as investors, and looks at the
companies planning to come up with fresh offerings |
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Other Headlines |
‘500 properties sold at The Wave’
Nick
Smith, CEO, The Wave, gives an update on the progress made by the US$2 billion
beachfront tourism and residential project in a chat with Akshay Bhatnagar |
Kempinski set for 2010
The
Wave has tied-up with 110-year old German hotel chain, Kempinski, to
manage a five-star property, to be built at an estimated cost of
US$100-120 million. Ulrich Eckhardt, Senior VP – Middle East &
Africa, Kempinski Hotels, talks to OER about the company’s foray in Oman
and its global operations |
Global scale, Local
expertise
The coming together of the wired and wireless carrier infrastructure
powerhouses, Nokia and Siemens, to form Nokia Siemens Networks has shaken up the
global networking market. Akshay Bhatnagar finds out more about the new entity
and its impact on the Omani market |
|
The ONIC Chronicle
The vision of two men may spark off a transformation in the currently dull
Oman mutual fund scenario. ONIC Holding is scripting a new path in alliance with
a Canadian investment management company to usher in the world to Oman
investors. Ramesh Kumar chronicles the path-breaking venture by tracking the
promoters |
Women Power
Women in Business Conference ’07 taking place in Muscat on June 2-3 will be a
unique platform for the congregation of successful businesswomen and female
corporate executives |
Courage of Conviction
Her Highness Sayyida Aliya bint Thuwaini Al Said, Director, The
Chedi Hotel, and Patron of the Al Noor Association for the Blind, in
a chat with Akshay Bhatnagar talks about how women are coming up in
business in Oman |
When The Perfect Balance
The new Touareg is something that will be with you all the way, from the
narrow corners of the city to the rugged open spaces of the interiors |
Driving Ahead
The tyre, lubricant and batteries
sector in Oman is going through a healthy growth curve over the last
couple of years |
Turbulent times
Gulf Air is bound for major restructuring. Dr Jasim Husain Ali analyses the
issues before the carrier |
Paradox of Lebanese banking
Lebanese bank credit ratings are today a derivative of the Republic of
Lebanon’s own sovereign credit risk ratings, writes Matein Khalid |
The Peggy-Karl Saga
When good ideas are backed by finance, success, they say, is round the
corner. The corner in question is very much in Oman, at the Salalah Free Zone.
OER quizzes the investor-promoters |
A peoples’ person
Bespectacled and unassuming, Aditya
Mathur’s calm countenance belies the fact that he is mentally crisscrossing the
skies all the time. As Country Manager, Indian Airlines in Oman, he carries the
responsibility of making sure that everything flies smoothly. Sarada
Vishnubhatla meets him over a cup of green tea |
Building for the future
Tourism in the Middle East is set to conquer new heights, with targeted
investments building new attractions and promoting new destinations, says Jason
J. Nash |
Highest Quality Standards
OER reviews what makes Omani crude oil so competitive in the international
market |
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How Gulf companies can build
global businesses
As Gulf companies expand into other cultures and compete to hire top global
talent, they will need to find a balance between their own established cultural
values and the expectations of the global corporate environment, write Saleh
Al-Ateeqi and Hans-Martin Stockmeier |
|
Bridging the skills gap
During recent years we have heard
the expression, ‘recruit for attitude and train for skills.’ Yet, most
organisations do not take this approach. Paul Bridle, a leadership
methodologist, delves into the burning issues of skill shortages, recruitment
and retention |
|
Rapping to a new tune
From being a techie to a marketing honcho, Nawras COO Khalid Al Mahmoud has
done it all, and yet believes there’s more, reports Sunil Kumar Singh |
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Regulars |
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