Assessing Business Talent for Jobs

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:

Plan a strategy now to hire the business talent you need to lead your company

through continuous job changes into a successful future.