Assessing
Business Talent for Jobs in a Changing Economy
Re-engineering
jobs
Today thousands of people are looking
to replace the jobs they used to hold. But
it will be harder and harder to find those jobs because they have probably
already changed - and can no longer be found.
Managers of successful companies are
at the forefront of job re-engineering.
They are operating now with fewer employees and learning the importance of
hiring the right talent to survive and thrive. They will need better and
faster
methods to assess and match jobs with business talent to succeed in an
economy of continuous change.
Permanent
changes
While we continue to read daily news
of the decline of North America’s traditional
9-5 industrial jobs, we are also witnessing the formation of new 24/7 jobs
for the
emerging service-based economy. Yet even the experts admit they do not
know
exactly which jobs will drive tomorrow’s business economy. They are more
certain about the type of jobs that will NOT drive it.
Recent news from a Federal Reserve
Bank of New York study reports that a
majority of the 2.7 million jobs lost since the beginning of the 2001
recession
represent “permanent changes in the U.S. economy and are not coming back.”
Forrester Research Inc., a trend-analysis firm, predicts that 3.3 million
US jobs
will have transferred overseas by 2015. A majority of these are production
jobs
that can be done more economically elsewhere.
Uncertain
direction
However, the economy is fickle and
does not appear to favor a single direction in
job growth. We have seen the emerging service economy create new jobs, and
then quickly destroy them. For example, job opportunities as securities
and
commodities brokers were driven up by investment-mania for the fateful
dotcoms
of the 90’s. Approximately 69,000 of those jobs have since been eliminated
–
perhaps for good. With the creative application of online technology, jobs
in the
financial sector continue to evolve and redefine themselves.
Spotlight on
Talent
Economic uncertainty and changing job
dynamics focus the spotlight directly on
employee talent. Companies continue to abandon slower moving products and
services while targeting new ones with a downsized workforce. Their select
teams of key employees often work longer hours than ever before to
accomplish
the equivalent of what used to be multiple jobs. Increased expectations
for
results demand that managers reexamine and redefine jobs regularly. In
fact,
jobs often morph dramatically overnight, forcing a reshuffle of talent and
job
priorities to meet new challenges.
The good news is that recent surveys
show North American companies are
beginning to achieve increased productivity with highly leveraged talent,
and this
has captured management’s attention. Now managers are seeing firsthand how
important it is to hire multi-faceted talent that is committed,
accountable, resilient
and has the specific attributes necessary for success.
Identifying the
“right” Talent!
What is “the right employee talent”
for today’s jobs? The answer is not that easy,
as it depends on defining the job’s key accountabilities, the company
culture, the
working environment, and many other variables.
While flexibility and urgency are
highly valued skills in reacting quickly to change,
steadiness and reliability are equally important in maintaining
consistency,
stability and quality. A wide range of verified talent within an
organization may
provide maximum options for handling change. Only through using an
effective
methodology to accurately assess the unique requirements of evolving jobs
can
managers make the right decisions on hiring talent for success.
Bottom line –
are you prepared?
The bottom line is that jobs have
changed - and the changes are far from over.
Your answers to the thought-provoking questions below will reveal how
prepared
you are at this time to respond to the demands of our rapidly evolving
workplace:
·
How have your company’s jobs changed?
·
How do you identify and select the
matching talent those jobs now need -
and how have you prepared to repeat this process quickly and effectively,
time and time again?
·
How do your abilities rank with your
competitors’ abilities in this area?
Plan a strategy now to hire the
business talent you need to lead your company
through continuous job changes into a successful future.
_________________________________________________________________________
© 2003, Target Training International,
Ltd.
Click here to find out about our
TriMetrix™ System for job benchmarking, talent selection and
personal development.
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