Stephen Kennedy is the Managing Director and founder of Talent Partners. Read more here
We hope you have had a peaceful and healthy Christmas and we wish you every success in 2009 in achieving your personal and business goals. From all of us at Talent Partners we hope you enjoy the remainder of the holiday season and we look forward to catching up with you soon.
The Talent Partners 2008 white paper on the Competition for Talent in the Irish Marketplace was the subject of an in-depth analysis by Steven Carroll in the Irish Times on the 19/12/2008.
Steven Carroll’s article can be accessed by clicking here and Talent Partners will be elaborating on the key findings from the 2008 white paper in our blogs during the month on January, 2009.
Our blog has been ignored somewhat in the last couple of weeks as we have finalised our 2008 white paper on “The Competition for Talent in the Irish Marketplace”. Over the next few weeks we will focus on the key areas from the white paper but here are some of the headlines:
(i) 90% of respondents state that it is difficult or extremely difficult to recruit high performing individuals for their business, with 30% stating that is more difficult than last year.
(ii) Sales, followed by Technical/IT roles are the most difficult position to recruit for.
(iii) There is a significant increase in the use of business network sites to recruit high performing individuals.
(iv) Over one third of those companies interviewed believed the loss of a high performer will cost a company in excess of €150k.
(v) In spite of the cost of losing a high performer, only 44% of organisations have a talent management programme in place.
(vi) 47% of companies interviewed anticipate having more staff in employment at the 31/12/2008 compared with 31/12/2007.
(vii) Offshoring continues to increase and companies see the availability of talent and cost savings associated with as the two key reasons for this.
As discussed earlier, Talent Partners will develop the above points in our blogs over the coming weeks and the white paper will also be available for distribution in January 2009.
