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Talent management critical in demanding HR climate

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Recruiting firm The Execu|Search Group released their 2018 Hiring Outlook: The Impact Of The Growing Skills Shortage On The Employer-Employee Relationship Tuesday showed 69% of employers are planning on hiring new staff in 2018, a 13% increase compared with 2017.

“In search of purpose, personalisation, and professional development, today’s professionals are changing the way they look at their careers,” said Edward Fleischman, Chairman and CEO of The Execu|Search Group in a press statement. “Employers who do not adapt to this new relationship risk missing out on top talent and losing their best employees.”

Employers are increasingly facing new challenges whether it’s dealing with skills shortages in an ultra-competitive job market, transitioning into a millennial-dominated workforce, or keeping up with evolving industry trends. These trends transcend sectors and the key to success lies in strengthening the employee-employer relationship.

Key insights from the report

  • Working professionals ranked professional development as the most important element of company culture, yet employers didn’t perceive it to be a high priority for employees.
  • 46% of employees do not think their leadership skills are being developed.
  • “Lack of advancement opportunities” is one of the top reasons employees would leave a company.
  • 45% of professionals feel that their company does not promote a healthy work-life balance.
  • 54% of professionals’ career choices are motivated by seeking a healthy work-life balance.

 

ALSO READ: What will keep HR leaders awake at night in 2018

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