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.

Spare a thought for the recruitment team at Yahoo, faced with the nightmarish task of having to rebuild its  talent pool overnight. Even global marquee brands, an Internet stalwart in this case, aren’t immune to the scourge of attrition.

In Australia the national attrition rate is around 18.5% (40.3% in the accommodation and food service sector.), and a study by AHRI estimated the cost to organisations to be around $20 Billion annually.

Now, that’s a lot of money which ought to be put to better use.  Maybe it’s time to call the Chief Happiness Officer.

A range of recent news touching on the subject of ‘talent’ shortage.  Read more...

• 28 weeks parental leave sought, as a way to address skills shortage , by the Association of Professional Engineers, Scientists and Managers Australia (APESMA).
• Acerbated by the twin problem of high staff turnover (29% in Victoria)  and limited supply of new graduates (2641 university-educated early childhood teachers required by 2012), skills shortage crisis hits the Childcare industry.