Talent Shortage in a Recession

by greig 4 September 2009 12:26
It may seem a strange thought with all the talk of unemployment and a market flooded with candidates but we're at the start of a talent shortage.

Take for example the power generation market. By 2016 35% of current power stations will have been turned off to meet European emissions standards. Others need work to bring them up to scratch. Add on top of that rising demand for power and the prospect of electric vehicles and there's a lot of work needs to be done to make sure the lights stay on.

But it's difficult to recruit power generation professionals. True the recession has seen lowered demand but it's still not easy. Engineering graduate numbers remain low and with employers keeping an eye on graduate recruitment costs it limits the number of experienced workers further down the line. The security requirements surrounding nuclear work make the task even more difficult. Add to that numbers looking to retire and the talent pool diminishes further. 

The same perfect recruitment storm is lining up over a number of professions. Graduate numbers in certain sectors remain low. Employers cut back graduate schemes. Five years down the line it becomes even more difficult to find experienced talent.

Social workers, IT security experts, electrical engineers, chefs, environmental engineers, midwives, energy consultants, the list goes on. This is where the challenges and rewards in recruitment will lie.

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The End of the Beginning?

by greig 7 April 2009 10:23

The decline isn't over yet but there are hints that the decline isn't declining as much. The slump in manufacturing is easing, house price data while differing suggests the house price crash is easing and the service sector which is 75% of UK plc is showing signs of life.

Any signs of spring for the recruitment sector? 

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Recession

Will it be over by Easter?

by greig 4 March 2009 13:05

Personnel Today are running with an article comparing the slump in jobs between the US and the UK. It shows that we're following the same pattern as the US only three months later. The good news is that things are settling in the US and fewer employers cut jobs in the last quarter there. Does that mean it'll all be over be Easter.

Probably not. While reports like this are useful to give a generalised view of the market there's so much variation across the market that there's no road map for everyone. Some industries such as power generation haven't slowed at all. While others such as automotive probably aren't going to recover in the UK to anything like where they once were. Even the same sector I'm speaking to recruiters who are having really busy quarters while others are having their worst quarter ever.

The reality is that it might not be bad as we thought but individual mileage may vary.  

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