Just about every business is trying to transform itself today. Energy companies are going green by refocusing on renewable energy sources. Traditional food companies are innovating more sustainable plant-based products. And healthcare companies are rethinking office visits by embracing tele-health technologies.
These transformations are driving the need to hire people with specialized and often hard-to-find skillsets. At the same time, businesses are making diversity an imperative. For example, executive teams, on average, are comprised of only 20 percent women and 14 percent ethnic minorities.
But according to Diginomica, the talent pipeline is drying up for employers. Only 16 percent of candidates have the skills for current and future success. And people aren’t taking job offers because they’re worried about their health and the safety of the workplace, have kids still at home, don’t feel pay is competitive, and other reasons. So it’s no surprise that in some cases it can take several months to make an experienced hire.
It Is Time for Change
To overcome these challenges and meet growing talent demands, changes must be made to reinvigorate this talent supply chain. They need to be made fast, as the competition is moving quickly. And they can’t be made with