At a recent Hedley May event, we brought together senior HR & Talent leaders from across the industry to discuss the forces and challenges shaping today’s talent agenda. In a spirited, wide-ranging and informal discussion – spanning the talent gap, globalisation, new technologies and hybrid working – five key themes emerged.
1. “Joining up” to bridge the talent gap
We began with the current talent crisis – a “double-edged sword” of both demand and supply-side factors. This is leading to historically high levels of vacancies but also rising unemployment. Post-Covid, ‘The Great Retirement’ and a mismatch of available skills – versus those that are increasingly in demand – are fuelling the fire.
We questioned whether governments are failing in their traditional obligations – such as reforming education to suit the requirements of the workplace. Should they be stepping up more to confront such challenges? “People no longer trust governments to solve these issues,” one speaker argued. “They look to businesses to drive change and sustainability.” We agreed that schools, further and higher education providers, governments and businesses ALL now have a critical role to play in developing and deploying the ‘sunrise skills’ essential in the modern world. But we must be “connected like never before so we can create truly sustainable talent ecosystems.”
In the words of one speaker: