Archive for the ‘Talent’ Category

Guest Post: Why we fear giving feedback – and what to do about it.



anthony sork image(1)Anthony Sork is the Managing Director of Sork HC, a Management Consultancy and Executive Coaching practice. He is the creator of the Employment Attachment Inventory the world first, internationally patented business instrument used by leading organisations to reduce attrition and increase performance of new employees.

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An Australian perspective on the globalisation of talent



Last night, I attended an excellent event organised by University of Sydney on the theme of ‘Global Talent Search & Challenge’.  Overall, for me, two things stood out. First, while everyone else is preoccupied with short-term issues related to the downturn, in the long-term Australia face major workforce challenges, many dictated by global forces. Secondly, the movement of talent across national borders is happening with gusto.

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CEO Survey : Talent still important



A new study conducted by PWC found CEOs across the world are currently, and understandably, concerned about ‘survival’ as opposed to ‘growth’. But make no mistake ‘talent’ is very much on the agenda. In fact an overwhelming 72%  think that talent is a ‘source of competitive advantage in sustaining long-term growth’

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Asked the question ‘Considering the talent required for the success of your business, what are the key challenges you face?’, a majority (69%) think skill shortage is the biggest challenge.

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Untapped talent in Australia



A new study by Accenture found 50% of female and 52% of male executives (refer table), across Australia, felt they are insufficiently challenged at work. The vast majority (74%) of Australian executives are confident about their skills and capabilities, and are ready to take on new challenges, but remain underutilised by their employers.  The study reinforced the problem inherent in corporations across Australia – employee disengagement.

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Talent Tidbits



Brand name and remuneration
Graduating from premium universities necessarily does not mean higher remuneration for graduates.  Enrolling in the right discipline is more important than the brand name of the university. Meanwhile executive salaries have soared in Australia.

Skills shortage
A conference paper ( Global skills crunch: A case of dog eat dog?)  argues that alarm about long-term skill shortage is unfounded. Business cycles will have more dramatic effect on skill shortage than demographic changes.  Meanwhile, a new report found half of the mining sector will shed staff. Also, Indian IT professionals dominate the 457 visa intake into Australia.

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Source of talent



From where does your talent come from? Which sources are the most effective?

The latest CareerXroads report re-affirms referrals as the most successful source of new staff, followed by corporate websites and commercial job boards.

Source of Hire 09

CareerXroads report is based on US data. There is a paucity of similar data in Australia. Vedior’s ‘Asia-Pacific Employment Trends Survey 2008’ traced the most popular sourcing tools (unlike the CareerXroad study which measure successful hires) amongst  employers.  Interestingly, Job boards are more popular than referrals in Asia-pacific.

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Choose passion over experience when hiring



Tom Peters argues that ‘passion’ is much more important than ‘experience’ when it comes to hiring staff (transcripts).


Tom Peters on Passion! from Tom Peters on Vimeo.

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Talent Tidbits



Employers confidence 
Employers are reluctant to hire, and confidence has taken a beating (down by 19.9%), finds the latest Hudson report.  Does the collective panic masked the reality?

Do we still need recruiters?
Discussions (podcast) between BTech magazine and Kelly Magowan of Sixfigures on the roles of recruiters.

Female workers better
Harvard explores how women who are star performers tend to fare better than man after changing jobs

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Talent Talk: Conversation with Gavin Heaton (socialmediajobs)



gavinheaton Gavin Heaton wears many hats – uber blogger, commentator, lecturer, story teller, author, marketer, employee (SAP)  and job board owner. An authority on social media, and one of the original brains behind the hugely successful global initiative Age of Conversation , Gavin dishes out daily wisdom on his popular blog Servant of Chaos.

We caught up with Gavin recently and he shared his thoughts on a variety of subjects including his socialmediajobs.com.au experiment,  the art of story telling, and engaging talent in the bold new world of social media.

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Talent Maestro – Tom Peters on talent



Tom Peters is arguably one of the world’s most influential thinkers. An early proponent of personal branding (Coined the word Brand You), Tom is big on getting ‘talent’ right, and it takes a central place in most of his trademark themes (business excellence, quality and leadership), books and presentations.

Loud, bold, and confronting his presentations are unforgettable both in content and style.  Not everyone’s cup of tea, his presentations are richly populated by thought provoking and inspirational quotes collected from a wide range of sources.  Some of the money quotes from Tom’s presentation:

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Where Australia sits in the Global Talent map



How does Australia fares against the rest of the world in terms of nurturing and attracting talent?

The Global Talent Index, produced by the Economist Intelligence Unit  in collaboration with Heidrick and Struggles, ranks countries according to the availability of talent, and predicted the likely supply scenario in five years time.

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Talent Tidbits



Work trends in Australia
It is estimated that Australian workers have 121 million days of accrued leave valued at around $31 billion in wages. Australians don’t take leave; work longest hours among developed countries. A report by Tourism Australia found, ‘one third of Australian will not take one day off annual leave” this year. See Tourism Australia landmark study on annual leave. Annual leave stockpiling – The HR perspective.

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Is Australia’s workforce ready for global business ?



A study by Accenture ranks Australia 7th in ‘skills readiness’, behind countries like Brazil, China and India.

Only 47% of Australian, compared to 71% of Indians, who participated in the study, felt they are well equipped to face the challenges of a global business environment. With an overall score of 3.7 Australia is placed under the ‘nearing readiness’ category. On a more positive note Australians executives scored highest in areas of social responsibility, inclusion and diversity.

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Michael Marlatt and the bold new world of mobile recruitment



I’ve been exchanging emails/twitter with Michael Marlatt of Cloud Recruiting fame. Michael generously sent me his latest presentation to share with readers of my blog (Download it here. Warning big file!)

Michael is a big believer in the usefulness of mobile communication tools for recruiting talent. In his presentation, Michael paints a clear picture of why mobile matters, and why it has to be part of any talent recruitment strategy.

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Talent related tidbits



  • Australians confident about their job, worry about others.
    The latest research by Roy Morgan found, majority of Australians (70%) think unemployment rate will rise but their own job is safe. Four in Five Australians (80%) who are employed full-time are confident that they will keep their job.
  • Skills shortage
    Who still talks about the skills shortage in this climate? Mercer believes that ‘Now’ is the best time to plan for long-term skills shortage companies will face when the good times are back. “Stay away from blanket staff cuts”, is the advice.

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