Graduate News - Making the Cut
In light of the recent economic climate the news has been filled with stories of companies cutting back on their recruitment numbers. However, a new report shows that these actions may come back to haunt those same companies in the coming years. Creating People Advantage: How to Tackle the Major HR Challenges During the Crisis and Beyond, the report published by The Boston Consulting Group (BCG) and the European Association of People Management (EAPM), predicts that companies will face a shortage of talent in the coming years as the "double whammy" of shrinking birth rates and growing baby boomer retirement combine to diminish the size of the work force across Europe.
The report's findings suggest a certain amount of short sightedness in the hiring practices of companies. Only 15 percent of companies responding plan their work force more than three years in advance, with 47 percent revealing they do not plan more than a year ahead. This lack of foresight may cause trouble when economic growth eventually returns, the report concludes.
"In ten years, the scarcest resource for a company will be people," Rainer Strack, a senior partner in BCG's Düsseldorf office and report co-author, said. "Companies should understand how their work force will develop, which job categories drive the business, and how demand will evolve. With the uncertainty prevailing today, the human resources (HR) department should analyze different scenarios to figure out whether and how to find, hire, retrain, outsource, or lay off employees."
Subscribe to this RSS feedAdd to
Send to a friend
Post a comment
Comments
No comments....
Graduate Employers
| TravelWorks | TravelWorks offers a myriad of volunteer and paid work opportuniti... | more |
| ESCP Europe Business School | Founded in 1819 and now one of the world’s oldest business s... | more |
| Towers Watson | Towers Perrin and Watson Wyatt have come together as Towers Watson... | more |
| Nottingham University Business Sch... | Postgraduate study at Nottingham University Business School offers... | more |
| nucleargraduates | The UK’s nuclear industry is facing its biggest challenge in... | more |
| AXA UK | With 210,000 employees and distributors worldwide and a presence i... | more |
| PricewaterhouseCoopers | PricewaterhouseCoopers LLP (PwC) is the one firm for all talented ... | more |
| Audit Commission | Everyone has their own missions in life. At the Audit Commission, ... | more |
| The Institution of Engineering & T... | The IET offers different categories of membership depending on you... | more |
| Bank of England | Few organisations play a more influential role in the UK’s e... | more |
Latest Graduate Jobs
| Title | Organisation | Apply by |
|---|---|---|
| Manufacturing Engineer | Knowledge Transfer Partne... | 08 Apr 2010 |
| KTP Associate | Knowledge Transfer Partne... | 09 Apr 2010 |
| KTP Information Researcher in Palliative Care | Knowledge Transfer Partne... | 01 Apr 2010 |
| Marketing Officer (short Knowledge Transfer Partnership Asso... | Knowledge Transfer Partne... | 19 Mar 2010 |
| KTP Associate - Motor Design Engineer (up to 2 years Fixed T... | Knowledge Transfer Partne... | 27 Mar 2010 |
| Software Modelling Engineer, Matlab, C, C++ ? KTP Associate | Knowledge Transfer Partne... | 31 Mar 2010 |
| Regional Representatives | 26 Mar 2010 | |
| Supply Chain / Business Systems Analysts | Knowledge Transfer Partne... | 19 Mar 2010 |
| Development Engineer (KTP Associate) | Knowledge Transfer Partne... | 15 Mar 2010 |
| Weight Loss using IT Project Leader (KTP Associate) | Knowledge Transfer Partne... | 15 Mar 2010 |
Graduate Case Studies
|
Julia Sloboda - TravelWorksI spent eight weeks in various national parks across Costa Rica as part of a TravelWorks gap year. Costa Rica: the best thing I have ever done in my life! I worked a total of eight weeks in various national parks - searching for turtle nests in the night, digging out eggs and burying them again in a safer place, bringing hatched turtle babies down to sea ... more |
|
Virendra - Teaching - Primary SchoolWhen I was growing up attending school, the last thing that I wanted to do was go back to a similar setting and teach. However, during university I spent some time working in an orphanage in India during the summer holidays and really enjoyed the time I spent interacting with the children. ... more |
|
Charlotte - Translator and Interpreter - FreelanceWhether you are a translator or an interpreter, you are a crucial communication link that conveys a message and enables people to understand it. Therefore, you feel very useful. Producing a high quality job brings a great feeling of self-achievement, which is even more rewarding if your name appears on the piece. ... more |
|
David - Accountant - ShellI wanted the opportunity to work in an exciting and growing industry. I was attracted to Shell’s global dimension, meaning I would be able to work with colleagues in other countries. The job also allowed me to develop skills that could be transferred to any part of the business. ... more |
Graduate Advice
|
European Careerbook... more |
|
Despite Alan Milburn's claim that law is still the domain of the affluent,... more |
|
How to get work experience - and make the most of it Top tips from the National Council of Work Experience... more |
|
Self-made billionaire Sir Philip Green is top cat in the British fashion... more |
Comments