FOCUSING ON WHAT'S IMPORTANT DURING ECONOMIC HIBERNATION

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In today's diverse workforce, success often hinges on the ability to adapt and evolve. This was the focus in a recent discussion hosted by Wendy Born from Business Value Partners, to members of the National Electrical Communications Authority. Wendy was joined by our Directo r, Andrew Bath an d Senior Con sultant, Ella O’Connell . Collectively, Andrew and Ella bring over 25 years of experience in recruiting across diverse industries and successfully working with millennials and Gen Zs. During the discussion, they explored recruitment strategies, steps to creating thriving cross-generational teams, and the benefits Millennials and Gen Zs bring to the workplace. Below we have compiled three key takeaways from the discussion for your perusal. Dive in below! What are the benefits of employing millennials and Gen Zs? There are a multitude of benefits that come along with employing millennials and Gen Zs within your business. Andrew and Ella discussed how younger generations are not just committed employees but also drivers of change. They challenge process, modernise business, and bring a fresh perspective that’s vital to stay relevant in today’s world. In Andrew’s words, “having the younger generation in our team brings diversity of thought and fresh knowledge. I get to learn different things and new technologies, and how they can add value to the business”.

FOCUSING ON WHAT'S IMPORTANT DURING ECONOMIC HIBERNATION

Andrew Bath • May 11, 2020

Over the past six weeks, Project Resource Partners and Amrop Carmichael Fisher have partnered with different businesses to provide presentations on a variety of topical issues. We had Gavin Freeman from The Business Olympian discuss Leadership in a Crisis, and last week we have John Chambers of IE facilitate a discussion on Remote Working – Now and Into the Future.

Three weeks ago, it was Andrew Galak and Will Meeve from Levant Consulting who looked at What to Focus on in Economic Hibernation. There were several salient points that were brought up in the discussion, and below I’ve listed some I took from the discussion. I have also attached the White Paper that Will and Andrew have produced to complement the presentation. The White Paper includes an interesting check list of questions to ask about your business and some suggestions of what you can be doing.

In terms of what I found pertinent as a person who runs a small business in a market that is not without challenges though, here’s what caught my attention.

1. As David Rhodes the economist said, “Inaction is the riskiest response to the uncertainties of an economic crisis.”

2. In times of change there are opportunities there for us to tap into new markets or to provide new services. This can be in previously marginalised demographics such a Baby Boomers who have become more comfortable online and in online transactions

3. Access to talent is not necessarily determined by location, meaning organisations have better access to wider market of talent and skills

4. Values are key and will impact how our business is viewed internally and externally, and especially important is how those are embodied by our leaders

5. Having a reason to change doesn’t make it easier for our people, but it does provide a purpose

I’ve found myself reflecting on these on a daily basis as I look to ensure that as a business we are as proactive as we can be, whilst being empathetic and ensuring we are looking for opportunities to grow and improve.

What do you believe to be important to ensure that you are in the best place possible when you emerge out of the current economic climate?