Future of Talent 2023
I was MC on Thursday for FRS Recruitment's "Future of Talent" conference at Croke Park. It was a super morning, full of insights, and here is a summary:
Ireland is 8x wealthier than 40 years ago.
โก The future is wealthier, faster, greyer, happier, greener, wetter, slower and .... similar.
๐คฑ Ireland has the highest life expectancy in the EU.
๐ We could have "renewable energy dominance" in Ireland if we had "the ambition of our grandparents" who built Ardnacrusha.
(Thank you Stephen Kinsella)
๐ฉ๐ง 77% of organisations have a skills shortage.
๐ If we shift away from "job titles and qualifications as a proxy for skills" and towards hiring for skills, talent pools can expand by 10x.
๐จ๐ซ Before you integrate new HR tech, fix your structure and become more organised.
๐ Look at the impact of the "EU Pay Transparency Directive"
(Thank you Johnny Campbell, Social Talent)
๐ 85% of economic company value comes from intangible assets and your people are so crucial.
โ How do we get out of the way of our people to let them unleash their creativity?
3๏ธโฃ We need strategic thinking, change orientation and the ability to inspire and motivate others in our people.
๐ "You said, we did" conversations lead to greater trust.
โฟ Fast, tight, effective feedback loops are critical.
๐ People want to know why their job is important, to be given autonomy and opportunity for growth and development.
(Thank you Kevin Green)
๐ 1/5 people would move for a salary increase of 10%
โ Performance calibration can be a great assistance to performance appraisal. "Good people want to know where they stand".
๐จ๐ป make it easy for new applicants to apply. Test out the UX and ensure you communicate when they can expect feedback.
๐ก Employers both want their people to come back into the office while knowing they can be more productive at home. The right balance needs to be struck.
(Thank you Lynne McCormack and Laura Doyle)
๐ Diversity and inclusion is going to matter more and more over the years.
๐ค Reflection on what does it mean to do the job you do? Encourage your staff to do the same.
๐ฉ๐ผ Stakeholder management is important in sport, in business, in work and everywhere!
๐ค Communicate clearly, in a timely way and empathetic towards your audience.
(Thank you Colin Donnery and Hannah Tyrrell)
Finally, thank you so much to Colin Donnery, Lynne McCormack, Joe Lord and Erin Whittle for giving me the opportunity to work with you again this year.
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