Monthly Archives: September 2018

There’s an Engineering skills shortage. Here’s one way to solve it.

It might not be news to some, but the current shortage in engineering skills is widening. While there have been many reports on this topic, I haven’t seen one that provides an adequate solution to the ever growing problem.

So what’s the answer, introduce more science and mathematics learning at an early stage? This might be easier said than done, as we are also facing a huge shortage of specialist maths and science teachers. Independent sources attribute a range of factors, including the failure to attract new teachers (particularly men) to the profession, imminent retirements and poor retention rates.

Whether it’s teachers or engineers, recruiting highly skilled migrants in Australia is costly.

One option that has worked for me is re-employing retired engineers into positions where they can add significant value.

Recently I organised a successful meeting for a candidate who had left the workforce with a company that had a short to medium-term contract opportunity.

The mutual benefits were clear: the company hired a highly qualified candidate (an engineer with over 40 years of experience in the Civil/Structural Engineering field) at short notice who could resolve their issues within the timeframe; the candidate enjoyed the flexibility of working on a stimulating project without a long-term commitment.

Employing professionals returning to the workforce has the following benefits for your organisation:

  • Fill short-term roles with an experienced candidate quickly
  • Retirees are more likely to consider a short-term opportunity than a candidate who is ultimately seeking permanent full-time work
  • Older employees can pass on valuable sector knowledge and transfer sought after skills to less experienced employees
  • 40 years + in the workforce brings with it well-established industry networks, and can provide introductions and mentoring opportunities for future leaders
  • Depending on skillsets and recent technical knowledge, minimal training or upskilling is typically required

Returning to the workforce also has benefits for retired and semi-retired candidates:

  • Feeling valued through their work by continuing to contribute to innovation, benefit society, and be involved in the business or the broader community Keeping your mind active, which could be beneficial to longevity[1]
  • Financial benefit

Overall, hiring older professionals in any field helps break down the stigma of ageism and reminds people that age should not be a barrier to work performance. In areas such as engineering, where chronic skills shortages have been identified, it makes perfect sense to reemploy when hiring for project-based roles and short to medium-term opportunities in particular. I’d like to see more employers jump on board and give it a go.

Have you employed a retired professional or do you know someone who has recently returned to the workforce after retirement? What was the experience like for both parties?

 

[1] There have been a number of studies to support this. In 2010 paper by economist Susann Rohwedder of RAND and Robert Willis of the University of Michigan (both were at Age Boom Academy). Looking at data from the U.S., England and 11 European countries, they concluded that retirement had a significant negative impact on the cognitive ability of people in their early 60s. They speculate that retirement can lead to a less stimulating daily environment. The researchers also wonder if people nearing retirement are less mentally engaged in their jobs (source Chris Farrell, Next Avenue Contributor).

 

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Invitation to the Future: We’re ready.

Last year enough was spoken about my 50 years in business to spur me on for another 50 years.  Thank you to longstanding colleagues, clients, candidates and industry stalwarts who were in touch and recalled our times together. (Eating carnations from the vases on the tables after a big boozy dinner  in the 1980s was one I’d forgotten, but the year we hired over 50 executives for the one organisation was one I still remember – long days and satisfying results.)

Other than to sit and watch some good footy on the weekends, I’m a restless soul; thinking, adapting and staying abreast of sector trends and new ways of working. Celebrating the first 50 years gave me time to reflect, but my mind is clearly focused on the future.

In this blog I thought I’d share the fact that in recent years we’ve restructured the broader business and set ourselves up for future success. In doing so my Advisory Board and I considered a number of points:

  • The future of recruitment and the balance between technology, people, systems and processes
  • National and global trends
  • Shifts in market expectations
  • Shifts in employee trends
  • Future proofing a professional services model for a new economy
  • Succession planning (as none of the four Slade children is likely to come into the business)

We now have four discrete businesses, and whereas I was once the sole proprietor across the group, the future for professional services firms lies in distributed ownership and partnerships. I first stepped carefully into a new way of thinking (for me) and now three of the four businesses have equity partners and we’re seeing the growth and stability that comes from this model.

Yellow Folder was the first partnership I entertained five years ago, with Julian Doherty, Slade Group’s previous Director of Research.  Now working with many in the ASX 200 and across education and also Government, it is a research-based management consultancy that delivers corporate knowledge advantage, providing clients greater agility in business planning and talent acquisition strategy.

The service offerings are:

  • Competitor Profiling & Business Intelligence Analysis
  • Talent Investigations & Capability Search
  • Remuneration Benchmarking
  • Talent Pools & Candidate Pipelining

TRANSEARCH.  Most of us now agree with Peter Drucker’s comment “culture eats strategy for breakfast”. For many years, what I saw missing from the Executive Search landscape was an assessment tool or process that could untangle the knotty issue of culture fit at a senior executive level.  Canadian Organisational Psychologist Dr John Burdett and Orxestra©, developed the tools that TRANSEARCH International uses to provide a unique perspective regarding culture, performance, leadership, and team ‘fit’.

As the result of a formal partnership agreement between TRANSEARCH International and Slade Partners, four years ago I brought two long standing executive search leaders Bill Sakellaris and Sandra Brown into the TRANSEARCH International Executive Search partnership.  Recently Di Gillett has become a Partner of this global alliance with Grant White leading our Finance Practice. TRANSEARCH International is one of the foremost international Executive Search firms; a Top 10 in the sector by reach and reputation. TRANSEARCH is pivotal in identifying and securing Board members, ‘C’ suite executives and senior functional experts who have led the growth of global organisations.

Slade Group. My name’s still on the door and I hope will be for many more years.  Securing high performing talent at the professional, specialist, middle management and senior levels has been the mainstay of Slade for years.  The development of technology, AI, Boolean searches, job boards and social media have for the most part been a blessing, but sometimes also a curse. There is so much happening in the HRIS space that it’s sometimes hard not to be distracted by the next ‘tech start up offering’.   We decided a few years ago that we would, until Artificial Intelligence finally eats our lunch in 40 years or so, wisely invest in systems, and even more wisely in our people.

This year, for the first time, I’ve also welcomed the first equity partner into the Slade Group business, Chris Cheesman.  Chris, in his mid-30’s, is the future of recruitment and new ways of working.  He has a very different leadership style to mine and his team of mainly Gen Y and Millennials work to a new work order – together with our clients who are also now mainly Gen Y and Millennials in that space.

We’re very focused on knowing particular industry sectors and talent really well. If I could sum up our strengths it would be in the following areas:

  • Consumer, Digital and Entertainment
  • Education
  • HR
  • Industrial
  • Professional and Business Support
  • Superannuation and Fin Services
  • Technical and Property/Construction

The Interchange Bench. The name says it all. For the last few decades the business, then known as Slade Temps, placed mainly short and long term temps in administrative support roles.  Two years ago that changed and a huge up lift in demand for digital, technical, marketing communications, events, accounting and payroll staff,  as well as payrolling teams of casuals, meant we no longer felt the name served the business.

The Interchange Bench not only attracts premium talent for short term assignments but works with the 121 Modern Awards that cover the 1000s of roles our temporary and contract talent are asked to do. The team runs all day ensuring clients can secure talent on and off the ‘bench’ and into their workplaces for short and long contract periods.  We’ve invested heavily in systems and processes and also reduced the risk for organisations who want to outsource their payroll as well as trusting us with their FairWork and the Modern Awards compliance.

When I recap where the business is right now, I feel we’re right sized, focused and structured for the immediate future. It will be interesting for me to re-visit this blog in five years and report back on how the business has continued to change and evolve.

What are you doing in your world @work to set yourself up for future success?

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