Creating a “combat ready” workforce is the best strategy for survival in the current economic climate, according to a whitepaper released today.
It outlines the talent management challenge businesses will encounter in 2009, and advises them to create a “combat ready” workforce by following seven steps, including: refocusing your staff on your core mission; reviewing basic training; empowering staff to develop personal and professional resilience; increase communication; and refocus on motivation and incentive schemes.
“During times of recession, many businesses can fall into the trap of battening down the hatches in the hope they will be able to ride out the tough times,” said Jason Cartwright, general manager client services, LINK Recruitment, which produced the whitepaper, titled War for Talent or Battle for Survival?
“By creating a ‘combat ready workforce’, arming staff and managers with the right skills and support, businesses, particularly those in counter cyclical industries, can survive and even prosper during the economic slump.”
According to the whitepaper, 72 per cent of Australian employers agreed that the economic downturn offers one of the best opportunities to recruit top talent in more than a decade, and 81 per cent believed that attracting top talent to critical management and frontline roles will help their organisation survive the downturn and prosper when markets improve.
Despite this, more than 70 per cent said their organisation is not planning to recruit more permanent or temporary staff in 2009. And while 80 per cent said that senior managers are demonstrating strong leadership in tough times, 54 per cent of organisations surveyed have no strategic plan in place to attract top talent as part of restructuring activities.