Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Recruiters must embrace current challenges

 

Recruiters must embrace current challenges to shape the workforce of the future: State of the Industry Address

Friday 28 November 2008 - The current financial crisis has presented recruiters with a unique opportunity to stamp the industry’s mark on the Australian and New Zealand economies and national futures, the President of the RCSA said at a dinner last night.

Speaking at the State of the Industry Address in Melbourne, Mr Stephen Shepherd MRCSA said the year ahead will undoubtedly be tough, but was nevertheless confident in the industry’s ability to adapt and evolve to meet the needs of its customers.

“Tough times build strength and resilience”, said Mr Shepherd. 

“We are Members of an industry that is a positive force in society and serves the noble purpose of connecting people with work. Now more than ever before we have an opportunity to demonstrate our worth to employers, to candidates and to governments. We have an opportunity to shape the workforce of the future”, he added.

Mr Shepherd said the talent shortage in recent years has ensured customers have a clear understanding of the value of the workforce.  “Whilst there may be a loosening of the candidate market in the short term, the underlying demographic factors which have driven the skills shortage will remain for some time”, he said.

These underlying trends were the focus of guest speaker and leading demographer

Mr Salt outlined the impact that generational trends will have on the labour market and reasoned this will ultimately change the face of the Australian workforce.  

Mr Salt said there was a ‘demographic faultline’ running through the Australian labour force. Generational gaps will see the number of new entrants to the workforce decrease steadily over the next 50 years. As baby boomers get closer to retirement he said it was likely that the western world would increasingly turn to migration to ‘plug the boomer gap’.

Mr Salt also highlighted the different characteristics and motivations that drive each of the generations currently in the workforce - pointing to the significant impact of technology in driving new behaviours in the workplace and resulting in the contraction of certain industries. 

Coupled with the current economic climate, these generational factors will guarantee the changing face of the Australian labour force and will challenge the industry. 

Quoting an international speaker from the RCSA’s annual conference Mr Shepherd said, “there is a tremendous opportunity for us as an industry to emerge from the current market climate as an industry of talent management consultants.”

Mr Shepherd called for Members to rise to the challenge by demonstrating to their customers their value as a trusted advisor, helping them to drive costs down whilst at the same time helping them to access the best talent that will see them through these tougher times.

As employers resolve to sit tight until some sense of certainty returns, clients will look for both continuity and flexibility in the way they engage staff and the ability to match talent to workload.

“We are uniquely placed to elevate our strategic position within our customers and become the trusted voices counselling them on how best to respond to the workforce and economic trends. This will ensure that when the current crisis subsides we are in the best position to continue servicing our clients as the face of the Australian workforce changes over time”, said Mr Shepherd.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 



Electricity Authority: Review Of Competition In The Wholesale Electricity Market Raises Questions

In March 2021 the Electricity Authority announced it would conduct a review into competition in the wholesale electricity market. The period of the review covers the sustained elevated electricity prices since an unplanned outage at the Pohokura gas facility in Spring 2018... More>>


Government: RSI ‘State Of The Nation’ Report Published
latest research, science and innovation system report card is now available, and outlines how the system is performing, Research, Science and Innovation Minister Megan Woods has announced. “The report seeks to increase transparency, act as a reliable data source and stimulate discussion... More>>




Fonterra: Increases 2021/22 Forecast Farmgate Milk Price

Fonterra Co-operative Group Limited today increased and narrowed its forecast Farmgate Milk Price range to NZD $7.90 - $8.90 per kgMS, from NZD $7.25 - $8.75 per kgMS. The midpoint of the range, which farmers are paid off, has increased to NZD $8.40 per kgMS, from NZD $8.00 per kgMS... More>>




Pamu & Westpac: Market-leading Sustainability-Linked Loan

Westpac NZ and Pāmu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. Pāmu, also known as Landcorp, is New Zealand’s biggest farming business. It will borrow $85m from Westpac NZ over three years... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>