CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Attracting better talent is the number one HR priority
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Attracting better talent is the number one HR priority PDF Print E-mail
Tuesday, 04 August 2015

The number one HR challenge for businesses is ‘attracting better talent’, according to a recently released report, with 39% of firms seeing it as a key issue to overcome. The second biggest priority is reducing staff churn, with 37% of HR departments looking to reduce employee turnover.

The research, conducted by Morgan Redwood, a leading expert in leadership development, is based on responses from the Heads of Human Resource departments or Board Director level from over 250 businesses. These have been drawn from across the UK and from a mix of sectors and a range of company sizes, with two thirds employing over 250 people, and none less than 50.

The HR emphasis on attracting better talent is in contrast to a previous Morgan Redwood study conducted in 2009, which indicated HR departments focused on encouraging teamwork and drawing out the best from the existing work force. In the latest 2015 report, the issue of employing more and better staff ties in with the fact that businesses are looking to grow – with 42% of firms planning on doing so according to the latest findings.

Janice Haddon, MD of Morgan Redwood said: “Operating a business in 2015 is a very different proposition from operating a business in 2009. The shift in economic circumstances means different priorities. The emphasis now is very much on growth, so therefore employing the right people is essential.”

Reducing staff turnover, at 37%, being the second biggest priority for HR departments, is in contrast with Morgan Redwood’s 2009 study, where reducing staff churn was seen as the thirteenth most pressing HR priority, indicating a considerable swing in requirement.

Janice said: “2009 was an employer’s market, with employees regarding themselves as lucky to have a job in a tough economic climate. Fast-forward to 2015 and improved employment possibilities and growth in the job market means staff have increased opportunities to look elsewhere. Now HR departments need to both retain good staff and recruit additional talent, using improved economic stability to develop and shore up a dependable work force.”

Janice added: “Job seekers today want more than just a job. They need a career with a package to look after their needs. Employers should be offering potential employees the right culture and a fantastic place to work. Doing so will put organisations ahead of the competition, meaning people both want to work with you and want to stay with you.”

She concludes: “Creating the right culture is crucial. You need strong leadership, slick recruitment processes and a focused people strategy in place. Get it right and your current employees will become the best ambassadors for you. Get it wrong and you will be on a rollercoaster of high turnover and low performance.”

(Source - Morgan Redwood Press Release)  

 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197