Welcome to the November Edition of GMZTAlent‘s LinkedIn Newsletter! Uncover Exciting Updates, Valuable Insights, and Celebrate Achievements in Talent & Employer Brand. As the Festive Spirit Sets In, We Share Our Recent Successes in Talent Acquisition Audits, Present Exciting Opportunities, and Spotlight Our Services Now Live on Our Website. Best Wishes to the Finalists at the IHR – In-house Recruitment – Enjoy the Celebration!
Autumn Budget 2023: Fueling Optimism for Recruitment in 2024?
In the UK, Chancellor Jeremy Hunt recently introduced 110 growth measures, including business tax cuts, aiming to invigorate the UK economy. The Office for Budget Responsibility (OBR) foresees an average inflation rate of 2.8% by the end of next year and 2% by 2025. In terms of overall UK growth, the OBR projects 0.6% in 2023, with economic growth expected to rise to 0.7% in 2024 and double to 1.4% in 2025. While certain sectors may experience a slower rebound, the anticipation of reduced inflation offers a positive outlook for the day-to-day economy. We are currently conducting a poll to gauge opinions on ‘Following The Chancellor’s Autumn Budget: What Does This Mean For Your Hiring Plans In 2024 And Beyond?’ Share your thoughts and vote here. We plan to release the data along with an overall analysis before Christmas.
British Recruitment Awards | The winners & Insights from the Final
On the 8th of November, we were privileged to attend the British Recruitment Awards in London, hosted by New Possible. The event offered a fascinating glimpse into the future of recruitment, where Simon Gomez had the honor of presenting the In-House Leader of the Year award.
The panel discussions at the awards dived deep into the profound impact of AI on the future of jobs in the UK. There was a consensus that AI will serve as an enabler for strategic operations, particularly in the realm of skills-based recruitment. This raised a critical question: What skills will be essential now and in the coming years?
Key Themes and Outlook for 2024 in the UK
Skills-based recruitment emerged as a pivotal theme, prompting a fundamental inquiry into the capabilities needed for the future. Paul Maxin and the panel shed light on the unequal access to AI tools, underlining potential implications for equality, diversity, and inclusion (ED&I) in the UK.
The conversation then shifted to the priorities for individuals and organizations in the UK in 2024. Fiona Lauder of Home Instead UK articulated a commitment to early engagement with UK schools to demystify the care sector. Notably, they are championing male participation by guaranteeing hours for carers, resulting in a remarkable 56% increase in male caregivers.
At Grant Thornton UK, Richard Waite underscored the enduring significance of candidate experience as a competitive differentiator. He emphasized the importance of candidate advocacy, aligning with the 2024 priorities, which include:
- Building UK Talent Pools and Communities
- Elevating In-House UK Talent Expertise
- Focusing on Fundamental UK Recruitment Practices
- Planning a Strong UK Recruitment Return Post-Pandemic
- Addressing AI Bias Concerns in the UK
Congratulations to all the winners and those highly commended, which you can find here.
Gear Up for a Surge in Job Applications in the New Year – Are You Prepared?
As Christmas approaches, we’re gearing up for the inevitable surge in job applications that comes with the ‘new year, new job’ season. Given the challenges faced by Talent Acquisition teams this year, including hiring freezes and right-sizing, it’s crucial to assess how well-prepared your team is to handle the potential tidal wave of applications.
In a recent video, I discussed the importance of adopting a ‘less is more’ approach. A flood of applications, especially if they are not the right fit, can adversely impact your candidate experience and, consequently, your Employer Brand. If your talent acquisition team lacks the capacity to handle these applications effectively, it can have a detrimental effect on your employer brand. This is particularly significant if you are a consumer brand, as the negative impact may extend to your customers.
Considering that your customers are likely to be your candidates and vice versa, aligning your candidate experience with your consumer brand is essential. If you prioritize customer experience, ensure that your candidate experience reflects the same standards. Alternatively, take proactive steps to engage with the audience you desire, and we are here to assist you in achieving this. Feel free to reach out for more information or book some time here.
And Finally…Hiring Heroes from inploi with Ros Bowen MCIPD
Our partners at inploi recently spoke with Ros Bowen, Head of Resourcing at mydentist (UK), to get insights on sourcing scarce clinical talent amid uniquely challenging dental hiring dynamics. Some highlights:
- Brexit, visa changes and NHS incentives have intensified existing UK dental talent shortages. Creative sourcing and overseas pipelines are vital with clinician talent now even more candidate-driven.
- Competing with retail and hospitality for dental nurses as options lacking for sponsorship. Growing own pipeline via dental nurse training programmes is key.
- Distinguished candidate care from first interaction through onboarding is crucial in scarce specialisations like orthodontics, building invaluable long-term talent connections.
- Turnover substantially influenced by lifestyle factors like location and commute flexibility – not a typical employment paradigm.
- Growth balancing act between external hiring and internal development across various channels. Budgets, forecasts and team goals aligned to needs.
- Employer brand and EVP rethink underway to clarify differentiation, supporting attraction and retention. Colleague advocacy programmes likely next.
The UK dental talent challenges are certainly intensifying. As Ros emphasised, resilience and controlling what one can in addressing external variables are vital. Her parting wisdom: “Focus on what is within your control and expect the unexpected.” Wise words for any environment! You can read the article in full here.
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