Are You Ready to Take on The Change Challenge in Turbulent Times?
It is turbulent times for businesses worldwide. A time where turbulence scrambles the pieces on the game board and entrepreneurs get a chance to gain market share and profits. And since there are always more competitors than market leaders, there’s a huge demand for change.
Successful companies do not like change and people with great jobs do not like change! However, everything in our world is always changing and not always in the same direction. Market leading organisations seek out and place huge value on dependable systems. This however can limit the opportunities to innovate and explore ways of doing things differently.
During periods of stability, organisations can be viewed as a machine. A finely-tuned, scalable model. One the can be made more efficient and more productive. One that can be controlled and staffed with operators, who can be trained to make it go faster.
With the ever-changing climate, this model will not work. Organisations are dynamic living things, interacting with countless other living, breathing organisations and people. As unnatural as it may feel to change a winning strategy, evolution is the most powerful tool available to deal with change.
Amidst all the change, organisations will need to establish that they can attract and retain the talent of today and the leaders of tomorrow to ensure they have the human capital to survive and grow.
Recent reports paint a worrying picture. More than three-quarters of HR professionals saying their organisation has struggled to recruit suitably skilled staff over the past year. A strengthened job market was partly responsible. The majority agree that the competition for well-qualified workers has ramped up during the past two years as organisations compete for key skills.
There has been a dramatic increase in the number of people preferring to hire external talent over developing or promoting internal candidates. At C-Suite level, this can be a costly strategy with traditional models of Executive Hiring. That is why HorrexCole’s innovative hourly charge Executive Search model has proven so successful. Not only has this approach improved the quality of candidates and successful hires, it has reduced the amount of time the process takes and importantly offered significant (in some cases six figure) cost savings.
In this world of change, with ever increasing pressures and stress, it is easy for both organisations and the people in them to stay within a comfort zone. However, it is well documented that operating in a space that is just outside a comfort zone will maximise performance. Being innovative does not mean going too far outside of that comfort zone, as that can have a negative effect. Doing things differently can bring huge benefits.
Evolution is, as it always has been, crucial for success and this principle should be carefully considered to address the current challenges of a widening skills gap and poor talent retention. Is it time to reinvent what it means to lead or work in an organisation?