As the resources industry continues to tighten its reign on the job market, the federal government are concerned about inflated wages having an increased impact on loss of jobs within a sector that previously provided so many opportunities. I have come across an interesting article that has tracked negotiations between the Resources and Energy Minister and the Maritime Union of Australia, and may prompt a decrease in excessively high wages within the resources sector.
An organisation’s culture is unique and is able to provide a competitive advantage when being compared to the competition. From an internal perspective, as culture can impact your talent, productivity and ultimately your bottom line, it’s important to be able to recognise and measure something that is critical to the business’s success.
One challenge of recruitment is to ensure that we are always looking for ways to find those great performers. Often these people don’t ‘look right’ but by seeing the signs of a star during a screening process or at an interview, we are often missing a whole pool of talented people, and this can cost organisations. As recruiters (both internal and external) our real ‘value add’ to organisations is not our ability to find people that “look right and are right” (let’s face it most people can do that these days with modern technology), instead it is in our ability to identify those people that ‘don’t look right, but are right’.
I have recently finished reading a thought provoking book by Mark Murphy, owner of Leadership IQ. It looked at their global research that showed that 46% of new hires will fail within 18 months, while only 19% will achieve outstanding success in their role. Astoundingly, only 11% of those that failed did so due to technical incompetence. In fact 89% failed due to attitudinal reasons such as coachability, emotional intelligence, motivation and temperament.
It is that time of the year again when we look forward to what a new year will bring to us and of course try to leave behind our bad habits of the prior year with a raft of New Year’s resolutions! You vow to get fit and healthy by doing more exercise, you aim to spend more time with family, watch less television, drink less alcohol and do more of things you love doing… some resolutions stick, but often others dwindle out.