War for Talent Still Real
by Lois MelbourneIt may not feel like the world is facing a War for Talent as announcements of big layoffs are hitting the news. Yet we are still facing 41% of current management being eligible for retirement by 2010 (Department of Labor). We are still facing gaps in graduates for fields in sciences, mathematics, medicine, and many other specialties.
We still need to be the best employers we can be. We still need to hire wisely and find the very best fits for our organizations. We need to work very closely during the trying times of a layoff to make sure we keep the talent we need for the future, and that our layoffs are done in such a way that we keep our employer brand intact.
BusinessWeek, January 26, 2009 issue, states that there are 125,000 registered nurse positions open in this country. This is a painful problem for healthcare institutions. Some argue in the same article that the issue is not just about education or immigration, but about working conditions and pay for registered nurses. Their statistics show that there are 500,000 RNs not working in healthcare. Why is there such a gap? What are the real issues in the healthcare industry? Do you have similar issues for your workforce? Now is not the time to ignore turnover trends (and the reasons) of the past.
The War for Talent is still with us. It is not going away due to a tough economy. We need to show our workers where they have potential within the organization. We need to fill open positions with key employees who might be in underperforming units about to get the ax. We need to foster an openness about what the organization looks like and who-reports-to-whom so that people feel a sense of security about how they fit in the organization. We need to keep our employees challenged and inspired so that they will stay with us through the hard economy we have now, and the great times that are ahead us.
Cheers,
Lois
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