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ONS releases September employment figures - Futurestep comment

Richard Shea, Managing Director EMEA Search at Futurestep, a Korn Ferry company

Company Profile

futurestep

“Despite businesses continuing to walk the tightrope of economic uncertainty, it’s positive to see employment had surged to a record 75.3 per cent as a result of the 400,000 jobs created in the past year alone.

“The age of digital disruption is seeing business models, industries and working practices transform, with jobs that didn’t exist a few years ago being created. What this means is there are increasing demands for new skill sets in virtually every job and profession. As a result, hiring and retaining workers who are agile and who can adapt to the fast pace of change is and will be critical for staying ahead of the competition curve.

“In order to keep abreast of this wave, organisations must ensure they are going beyond just simply hiring more employees by streamlining their recruitment and talent management strategies to support their long-term business development goals. Best in class talent acquisition teams will those prepared with refreshed job profiles that look, not only at the skills and experiences but, at the competencies, traits and drivers that will find talent that is a fit for the current job but also for the business.

Whilst we’ve already seen a move in this direction, more can still be done to plan strategically to ensure productivity is maximised amongst their workforce. After all, this will be the rule – not the exception – to driving the UK’s economy forward.”