We all know that Australia merely slowed down in the recession, which led to a fall in people demand but still this couldn’t be satisfied from the internal market and resulted in migrant workers being recruited to fill skills shortages, but this barely scratched the surface.
Now with world demand picking up for natural resources Australia’s requirements have gone through the roof but so have those of the competition who are all chasing the same talent, which is becoming scarcer and more expensive. Basic principles of economics in action.
So what should the enlightened CEO have been doing in the past 12 months, as leadership on talent management has to come from the top?
No one said it was easy being a CEO and sometimes you need to think outside of the box to succeed. If you don’t, others will. All the political rhetoric about home grown skills will take a generation to bear fruit. The low hanging fruit that you needed yesterday, today and tomorrow has been grown around the world but you need to reach out to it and equally make sure your back door is well and truly bolted.
Without people none of us can profit.
Author: Chris Slay
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