What’s your plan?

As Benjamin Franklin is credited with saying – ‘if you fail to plan, you are planning to fail’.

And it seems that many employers are not observing the former Presidents’ advice. The CIPD (Chartered Institute of Personnel Development) have just released their recent Resourcing and Planning Survey which reports that less than half (46%) of organisations have a workforce planning strategy based on a robust understanding of current and future workforce needs.

On top of this just 40% reported undertaking any retention initiatives; and only a third (31 %) were collecting data to identify future skills requirements; and even then, only 13% were collecting data to assess their supply of talent.

So, when companies are not investing time and resources into workforce planning, they must recruit from a reactive stance rather than a proactive stance.

This is something that we at Inspire Selection witness daily, whilst we have many clients that engage with their recruitment partners and involve us in their planning, we also find that for many organisations, by the time they approach us to help fill them their vacancy the role has been empty for a while and is suddenly incredibly urgent, not properly planned and considered.

When the average cost of a bad hire is calculated as 30% of the employees first year earnings, this is a risky strategy.

The Market

It is a common misconception that in this region there will always be plenty of people looking for work. Whilst this is in some part true, unfortunately, the reality is that for every role we advertise we do get upwards of a thousand applications. However, for more complex specialised roles, it is proving more and more difficult to find that ideal person.

The market has changed a lot in the UAE over recent years and that has been amplified with the disruption that Covid has had on the workforce.  As a result, we have seen many of the ‘middle management’ tier of workers having to leave the region resulting in a skills shortage in an area that had previously been a much easier hunting ground. This means that for certain roles we know that the local market has been exhausted and a new hire will need to be sourced from overseas.

Therefore, it is even more important to engage in resource planning at an early stage.

Prepare and Plan

The CIPD report in fact, goes on to say that now, more than ever, with a labour market in flux, organisations need to take a more strategic approach to resourcing – particularly since they may need to train and reskill more domestic workers or increase routes into work for young people, both of which can take time and investment.

Organisations which plan their resources and take a strategic view of the market-place are able to engage their recruitment partners to start searching the market for them before an urgent hiring needs occurs. A knee-jerk reaction to a hiring need that has not been planned for can result in high costs, and long lead times especially when the ideal candidate cannot be sourced in the local market.

Should you need any help with your resource planning please contact your Inspire Selection Consultant – as specialists within our own sectors we often have a short list of suitable candidates pre-screened and ready to go.

Recent Posts

Inspire Selection – Certified Great Place to Work

Inspire Selection is delighted to share the incredible news that we have achieved the prestigious certification as a Great Place to Work®! We couldn’t be more thrilled - it is a true testament to the dedication and commitment of our exceptional team. We all work hard...

Company Culture: Why It Matters and How to Build It

In today's competitive business world, company culture is crucial. It has a direct impact on the success and sustainability of an organisation. A strong and positive company culture leads to engaged employees, attracts top talent, and drives innovation. We explore why...

6 Tips to Make Job Offers that Attract and Retain Top Talent

Recruiting top talent is one of the most important challenges facing businesses in the UAE. With a highly competitive job market, it can be difficult to stand out and attract the best candidates. However, making a job offer that not only attracts but also retains top...

Alexa! – Will ChatGPT take my job?

We were lucky enough to hear the team at Mercer present their 2023 Global Talent trends report at a recent career networking event. One fact that stuck out is that 50% of workers will need reskilling by 2025, but does this mean that our jobs are at risk? As artificial...

Overcoming Gender Bias in the Selection Process

International Women's Day is just around the corner, and it's an important opportunity to celebrate the social, economic, cultural, and political achievements of women all around the world. Here in Dubai, there is no shortage of amazing women who are breaking down...

Inspire Selection – Higher Education – Lynne

We are delighted to announce that Lynne Whelehan Sheehan has joined the Inspire Selection Higher Education team.  Lynne, is an experienced Human Resources professional with 15 years’ experience in education, government and private sectors has attained an MBA and...