JGP News
A snapshot of some of our most recent work and an insight into some of our ideas on the hot topics and issues that affect the public and not for profit sectors, and how we are responding to them.
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State of the Nation….
Thought piece by Richard Tyrie.
Employable skills are critical to our economy and society, yet despite living in a global economy the UK currently has 200,000 people not in education, employment or training; 5.2 million 16-65 year olds lacking basic literacy and some 15 million lacking basic numeracy skills.
Our ability to satisfy the growing skills shortage is hindered by the lack of skills coming through; a growing concern for private and public sector employers alike.
The clock is ticking…
In addition to a potential skills crisis, a demographic time bomb is already creating a number of strategic challenges for UK employers.
Within Europe it is predicted by the year 2010 that 25% of the population will be over 65, and 19 million will be aged over 80. In the UK alone, our ageing population is expected to produce a shortage of 1 million people aged between 20-30 years, which will lead to a UK workforce deficit of some 1.5 million people p.a. over the next 10 years.
Delivery…
The Social Enterprise ‘boom’ combined with the government’s commitment to third sector provision highlights the vital role charities and voluntary organisations play within our communities. This recognition is excellent news, but delivering will be the next challenge. Even private sector leaders (with arguably greater resources to play with) cite Talent management (specifically recruitment, skills management, and succession planning) - as their most crucial HR challenge.
Statistics currently show that within the third sector:
· Salaries are 20% lower than the private sector
· Staff turnover at 21%, is 5% higher then the national average
· Spend on training and development is up to 50% lower than the private sector
Encouragingly, against this backdrop employers are still seen as offering an attractive working environment. Why? For starters, those attracted to this sector tend to possess a real sense of harnessing their personal values.
But is enough being done to develop your employer brand that articulates the non-financial arguments for joining your organisation? As humans we are inherently ‘tribal’, even in our choice of employer; does your organisation communicate that clearly?
Do you really have a plan for engaging with ‘Generation Y’; the younger workforce? Because if you’re still relying on press advertising or third party recruitment consultants, the answers to the above are probably a resounding no.
To compete in the ‘War for Talent’ with the Private Sector, third sector employers have to change tactics, evolve their recruitment processes, and be prepared to pitch for quality candidates to satisfy skill shortages. The ‘one size fits all’ approach will barely entice the new generation that has grown up as social networkers, emailers and who are completely internet savvy. Yet as the ‘movers and shakers’ of today move on, the fight is only just beginning for the leaders of tomorrow.
Thought piece by Richard Tyrie, Founding Director JGP.
Distributed acevo Network magazine October 2007
