Talent challenges in US manufacturing amplified in global chemical industry

Shoring up your organizational governance and awareness

Posted by Duane Dickson and Marcus Johnson on October 28, 2015.

As discussed previously in HR Times, the US manufacturing industry faces significant talent challenges that threaten its future (see If you build it, will they come?, Uptick in manufacturing focuses attention on human capital, and Beating the skills shortage). The global chemical industry shares many of these same challenges, in particular: (1) impending retirement of older employees. (2) skills shortages among the generation that will replace retirees, and (3) the general unpopularity of the industry as an employer of choice. These talent challenges are amplified by intense changes in the industry itself, ranging from constrained margins and increasing cyclicality to activist investors and a dramatic decline in new product introductions. From our observations and experience with clients, many in the industry recognize that problems exist, but either aren’t acting with a sense of urgency or are paralyzed by the sheer magnitude of the challenge to take action to address it.

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“I know the perfect person…”

Boosting recruiting and retention through employee referral programs

Talent Referral

Posted by Robin Erickson on October 21, 2014

Tapping current employees to source new candidates is a viable recruiting strategy for many reasons: high return on investment (Bersin research found that 9 percent of the overall spend for sourcing went to employee referrals, delivering 16 percent of new hires1 ); good cultural fit (employees tend to refer candidates with similar skills and attributes); access to specialized or hard-to-find skills (people typically network with others in similar roles); and long-term effectiveness (one study showed a 42 percent retention rate after three years for employees hired through employee referral programs vs.32 percent for employees hired through job boards and 14 percent for career site hires2).

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How sophisticated is your Talent Acquisition social media strategy?

Talent Acquisition social media strategy

Posted by Robin Erickson on August 26, 2014

A soon-to-be-released Bersin by Deloitte study on High-Impact Talent Acquisition1 finds that social media use is a key driver of talent acquisition (TA) performance and a telltale sign of maturity in using TA strategically to enable the business. Mature organizations embrace the opportunity to leverage social media not only as a recruiting vehicle but also as an outlet to promote their employment brand, even going so far as to hire strategists to “curate” social media content. In fact, the study finds that the most mature TA functions are five times more likely to have effective social media campaigns than the least mature TA functions. Why does this matter? Because talent “lives” online these days, and social media is one of the most popular (and highly populated) neighborhoods, making it a prime source for recruiting.

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Bersin by Deloitte Announces 10 Predictions for HR, Learning, Talent, and HR Technology for 2014

Bersin Predictions 2014

Posted by Josh Bersin on December 19, 2013

The year 2014 will be an exciting and challenging one for HR, learning, and talent professionals.

Global economic growth will create a new level of competition for people. HR organizations will shift their focus from cost reduction to retention and engagement. Technology will continue to make the world a smaller place, forcing companies to improve their employment brand in every possible way. Data will become a new currency. Leadership will continue to be in short supply. And you, as an HR professional, will have to innovate and adapt to stay ahead.

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Everyone into the pool?

The Burgeoning Role of Candidate Relationship Management in Talent Acquisition

Candidate Relationship Management

Posted by Robin Erickson, Ph.D. on November 19, 2013

Six months ago, I transitioned from Deloitte Consulting’s Talent, Performance & Rewards practice to Bersin by Deloitte to lead its Talent Acquisition practice. For a brief description of how I got here from there, check out my recent Hire Innovation blog.

The first report I chose to write for Bersin by Deloitte’s Talent Acquisition members was The Talent Acquisition Primer.1 Just as it sounds, this report introduces talent acquisition concepts and tracks its evolution from the basic recruiting practices of the 1940s to today’s complex mix of processes and stakeholders. One of the more recent talent acquisition innovations, driven by a shrinking talent pool overall and shortages in critical talent segments, is the idea of candidate relationship management or “CRM.” What its same-acronym counterpart (customer relationship management) aims to accomplish with customers, candidate relationship management aims to accomplish with candidates. CRM is about establishing a “never-ending” connection with individuals who are potential employees — in essence, creating a pool of talent that can be dipped into to fill job openings when needed.

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