UK worst G8 country for youth unemployment, behind only Spain & Greece, says @WorkFoundation http://ow.ly/hfEnD
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UK worst G8 country for youth unemployment, behind only Spain & Greece, says @WorkFoundation http://ow.ly/hfEnD
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CEO admits media pressure forced Goldman Sachs to ditch bonus plan http://ow.ly/hbg4f #davos #talentmanagement #employerbrand
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Encouraging news for #graduaterecruitment according to @AGRtweets salaries rose by 4% and vacancies will be up by 9% http://ow.ly/h7fy5
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Good read http://ow.ly/h7fjj Smart employers know they must articulate the “why” if they want their #employerbrand to work #talentattraction
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Everyone connected with recruitment seems to be talking about candidate experience these days. Whether you’re in Resourcing or HR (and looking at the process that your candidates have to go through), a recruiter, or a recruitment services vendor, you will have talked about candidate experience at some stage recently, if not every day.
And if you don’t believe me, just go into Google and search for candidate experience, or better still, search for #CandidateExperience in Twitter, and see what comes up.
Mind you, why shouldn’t everyone be talking about it? After all, we all seem to agree that providing a great candidate experience is one of the most important things that an employer can do, if it wants to enhance its employer reputation, build its talent pipeline, and hire great people. Most of us also agree that candidate experience has a huge impact on an organisation’s consumer or corporate brand. (In a recent survey by application tracker StartWire, nearly two thirds of respondents said they’d think twice about buying your products or services, if they don’t hear from you after they submit their application).
So if we all agree that providing a great candidate experience is so important, it does beg an obvious question: why are we so bad at doing it ourselves?
OK, so that’s a bit of a generalisation, I know. But it’s one based on my own experience, because I’ve recently been in the jobs market myself, looking for a new role. And I can tell you with absolute confidence, that whilst there were some great examples, overall, the candidate experience was very poor.
My personal bête noir was recruitment and search consultants who, having agreed on a how they would support you, would disappear. But there were other equally frustrating and time-wasting experiences:
As I say, there were also some great examples of organisations and people providing a fantastic candidate experience: recruitment and executive search consultants, employers, and in some cases, former colleagues and acquaintances in my network, who I had contacted speculatively (they may not have been recruiting, but took the time to speak to me, give me suggestions, and helped me network). Unsurprisingly, these are the organisations – and the people – that I’d like to work with (as an employee, employer, partner, client or supplier) in the future.
And as for me, I’m delighted to say that my search for a new role was successful. I’m joining a fabulous organisation (a company with real expertise, a fantastic track record, and of course, an excellent candidate experience) in a new and exciting role next week. When I’ll be sure to start talking to clients, about the candidate experience they provide.
Filed under: Candidate experience, Digital recruitment, Employer branding & reputation management, linkedin, Talent attraction | Tagged: ATS, candidate attraction, candidate experience, digital recruitment, employer branding, job boards, job postings, recruiting, recruitment advertising, recruitment consultant, recruitment marketing, reputation management, resourcing, talent acquisition | Leave a comment »
After two or three days of hiding in the metaphorical cellar, while the political and media hurricane raged about them, G4S have finally come out with the kind of response that they should have done a few days ago. That they chose to wait, hoping that it would blow away, is no surprise; I’m certain that is exactly what they were advised to do by their PR advisors.
Mind you, I’m sure the delay in their response, and their initial (underwhelming) announcements, have only added to the strength of feeling being voiced in the media, and across the social mediasphere.
For anyone watching BBC’s Breakfast News this morning, they might have been surprised by the tough time that the normally mild-mannered Charlie Stayt and Louise Minchin were giving G4S CEO Nick Buckles, who duly explained that G4S is “disappointed, embarrassed, and sorry”, which more or less echoes the company’s latest statement released late yesterday.
Yesterday’s statement (and Nick Buckles uneasy interview) go an awful lot further than the low key announcement the company made on Thursday, saying that it understood “the Government’s decision to bring in additional resources”, which clearly didn’t go anywhere like far enough.
Regardless of how successful (or otherwise) G4S’ media and crisis management strategy has been, as a recruitment, talent acquisition and employer branding professional, what I’m really interested in finding out is whether there are any lessons to be learnt from G4S’ failure to deliver. (So, I suspect, is the board of G4S, given the £10m – £20m of contractual penalties they face on this contract, not to mention the likely impact on future potential contracts – Surrey and West Midlands Police forces have already shelved plans to outsource a large portion of their middle and back office functions since the furore began last week).
Not being funny, but with unemployment topping 2.6m, including record levels of student and graduate unemployment, how difficult could it have been exactly to have recruited 10,000 people or thereabouts, to be part of the ‘greatest show on earth’?
Well, according to G4S, very.
Indeed, the company has described it as an “unprecedented and very complex security recruitment and deployment exercise”, during which it has “encountered significant difficulties in processing applicants in sufficient numbers through the necessary training, vetting and accreditation procedures”.
Except that G4S is the company that just 2 months ago, won the award for Best Global/International Recruitment Strategy at the 2012 Recruiter Awards for Excellence in HR. (No, I’m not kidding). In its press release, G4S credited the win on its highly innovative and effective direct resourcing strategy that “has been achieved through the application of innovative technological recruiting solutions which match our business requirements”.
Oh dear.
Once the leadership team at G4S have finished wiping the egg off their faces, they will clearly turn their attention to finding out exactly what has gone wrong, along with the Commons Public Accounts Committee which has summoned G4S, two government departments and 2012 organiser LOCOG to answer questions in September.
When they do, I suspect they will find that all sorts of issues have contributed to the situation, including the decision by LOCOG to increase the number of required hires three fold, a year into the contract. But above all else, I suspect they will find that it’s not been managed in a sufficiently robust and joined up way, and that the project has lacked clear pipeline management processes (in spite of those innovative technological recruiting solutions that G4S boasted about until so recently).
I hope that in due course, we can all learn and understand where it’s gone wrong. That will be essential to the outsourcing and recruitment industry – in particular those organisations that work on large government contracts.
But in the meantime, I hope that we can all look forward to a fantastic, but above all safe, London 2012.
Filed under: Graduate & future talent, HR policy, linkedin, Talent attraction, Talent management, Uncategorized | Tagged: employer branding, G4S, LOCOG, London 2012, Nick Buckles, Recruiter Award, recruiting, recruitment marketing, talent acquisition | 3 Comments »
So Bob Diamond has finally decided to step down, amid all the furore following Barclay’s record fine for trying to manipulate the Libor rates. I can’t say I’m altogether surprised: his resignation was inevitable, given the level of media interest, public outcry and, perhaps most damagingly, condemnation from senior politicians. But part of me is disappointed.
That the actions of a few traders in trying to manipulate the inter-bank lending rate were wrong, is clearly undeniable. And that it took place on Bob Diamond’s watch, and that there were no control mechanisms in place to identify and prevent this kind of activity, is also not at issue. And for the record, I share the disappointment and shock felt by many over this whole episode.
But let’s look at the facts. The fine imposed by US and UK regulators last week, related to the activities of 14 traders, between 2005 and 2009. Most of those traders have already left Barclays, which co-operated fully with the regulators’ investigation. Barclays also announced it would “rigorously” review the conduct of all those involved, and take appropriate disciplinary action, including bonus claw-backs. (Admittedly that announcement only came last week, but nonetheless, it did come).
So I’m not saying something didn’t go very badly wrong at Barclays, and possibly at other banks, because clearly it did. But Barclays (and the industry as a whole) recognises the severity of the situation, and is taking action. (RBS confirmed it had already sacked 4 of its traders over their alleged involvement in the scandal last year).
What interests me is how Barclays in particular, and the banking and securities industry as a whole, goes about rebuilding its reputation, in both the corporate and employer space.
Granted, it’s going to be a huge challenge. Since 2008 and the global financial crisis, the reputation of the sector has taken something of a beating. Clearly the media should be allowed to investigate and ask questions when our banking and securities industry behaves with anything other than the highest standard of ethics. But surely that should be proportionate? Does anyone else get the impression that media companies and politicians have been lining up to put the boot in? (Why am I thinking about one of my Mum’s favourite rebukes, “people in glass houses …”?)
After all, it’s not like businesses in the banking and securities sector are the only ones to demonstrate poor judgement and lack of rigour, is it? In the last 24 hours, it has been announced that GlaxoSmithKline has been fined a record £1.9bn by US authorities – nearly 7 times the fine imposed on Barclays last week – for promoting 2 of its drugs for unapproved uses, for making unsupported safety claims about another drug, and for failing to provide data to the US Food and Drug Administration (FDA). Will the story follow Barclays, from the business pages to the front pages? And will it have such a profound impact on GSK’s employer reputation?
According to PwC’s 2011 Millennials at Work report (a survey of 4,000 graduates worldwide), 9% of graduates already won’t consider working in the banking and capital markets sector. To what extent that number grows, when the impact of the latest scandal works its way through, remains to be seen. But given that 59% in the same survey said they were looking for an employer with CSR values that matched their own, it would be reasonable to assume that Barclays’ application numbers may be down next year, and they will slip down the Times list of Top 100 Graduate Employers from their current 14th spot.
And of course, reputation doesn’t just impact graduate recruitment, it also affects professional and experienced hires. The last time Barclays appeared in the Sunday Times/Best Companies to Work for lists in 2006, they made it to 6th spot. (Interestingly, Barclays was one of 6 banking and financial services companies to make the top 20 in 2006; in 2012’s list, there were only 3).
It would be a mistake to assume that, just because the sector is contracting as a result of the Eurozone crisis (with an estimated 90,000 job cuts announced worldwide this year by the world’s 50 largest banks), that Barclays (and the wider banking sector) has time on its side.
Despite the cuts, there are acute skills shortages in the sector (notably in areas such as M&A, technology, financial information exchange, and risk management); and the market is continuing to grow in China (where the China Securities Regulatory Commission reported that the number of investment banking employees would need to grow from its current level of 330,000 to 1m by 2020 to meet demand) as well as Brazil, India and the Middle East.
If banks like Barclays are going to compete for the very best graduate and professional talent now and in the future, they are going to have to take a leaf out of BP’s book. BP faced what must be one of the worst reputation crises in corporate history, and have emerged from that period, ranked 28th in the engineering list of the World’s Most Attractive Employers by Universum.
BP have succeeded where the banking sector has so far failed (the Deepwater Horizon accident took place a year after the collapse of Lehman Brothers) with a clear and simple strategy: fix the problem; act with humility; invest in the employer brand; and bring the employee experience to life – via its people in a relevant, local setting (see BP’s Our Stories for a fabulous example of this in action).
So as difficult as this week has undoubtedly been for Barclays employees, perhaps Bob Diamond’s resignation is the first step that Barclays needs to take, in order to rebuild its corporate and employer reputation. And if Barclays can take that path, the sector as a whole can surely do the same.
Filed under: Employer branding & reputation management, Financial services, Talent attraction | Tagged: banking, business, candidate attraction, employer branding, experienced hires, financial services, global financial crisis, graduate attraction, graduate recruitment, investment banking, linkedin, professional hires, recruitment advertising, recruitment marketing, reputation management, talent, talent acquisition | 2 Comments »