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HAYS GLOBAL SKILLS INDEX 2014
HOW DOES AUSTRALIA FAIR UP?
The global talent crisis is continuing to worsen. Across the globe we are seeing organisations
fighting to find employees with the necessary skills and training.
As the economic recovery continues, companies are struggling to get the talent they need – particularly in science,
technology, engineering and maths. And with the widening skills gap likely to become worse before it gets better, we are
facing something of a perfect talent storm.
The Hays Global Skills Index, produced in collaboration with Oxford Economics, ranks Australia 17th on the list of 31 countries
overall for efficiency of the skilled labour market. But a deeper dive into the findings shows that Australia’s employers face a
tight labour market for highly-skilled professionals in high-skill industries.
The Index assesses the efficiency of the skilled labour market, or its ability to supply skilled labour. It is a composite figure based
on seven indicators, each with their own score. Three indicators explore the supply of talent, namely education flexibility, labour
market participation and labour market flexibility. One looks at talent mismatch. The final three are wage pressure indicators,
looking at overall wage pressure, wage pressure in high-skill industries and wage pressure in high-skill occupations.
To find out more and view the Index, visit hays-index.com.
To get your own copy or find out how we can help you in your world of work contact:
T: 08 7221 4122
T: 07 3243 3005
T: 02 6112 7650
T: 03 9604 9614
T: 08 9254 4545
T: 02 8226 9600
Since winning AHRI’s Lynda Gratton CEO of
the Year Award in 2013, Deven Billimoria
continues his winning streak at the helm of
salary packaging company Smartsalary.
HOW I GOT HERE
“It’s taken us 15 years
to get to this point... a
remarkably long time. I’ve
learned that with each success
comes new challenges, and
that these challenges present
opportunities for myself and
the team to grow as the
HAMMETT & EDISON
BOOZ & COMPANY
fortunate in my career
to have been given so much
opportunity. I think one of the
most impor tant things we can
do as business leaders is ensure
that our people feel that they’re
building their careers. After
all, if they don’t , then they’ll
simply go build them
COMMERCIAL ACUMEN IS AN
incredibly impor tant skill set for any HR
professional to develop and maintain. That
is, knowledge and an understanding of the
financial, marketing and operational functions
of an organisation.
Developing the ability to think commercially
is fundamental to how well you are able to align
the advice you give as an HR professional with
the strategic priorities of the business. Ultimately,
your ability to influence business success
through the talent and energy of your workforce
requires that you understand and appreciate
the commercial realities that the organisation is
Look for opportunities to spend time working
in the business. This can be achieved through a
secondment to an operational role or by being
part of project teams that allow you to broaden
the exposure you might not ordinarily get in your
Don’t be afraid to step out of the HR team for a
period of time to gain the business experience that
will allow you to become a more influential HR
professional down the track.
Seek out business mentors who are willing and
able to share their experience with you. Ask that
they help not only to grow your understanding,
but to challenge your way of thinking.
Also spend time with the customers that your
organisation serves, so you can appreicate the
end client. The client services, sales or marketing
people within your organisation may be able to
offer ideas about how you can best do that.
OF THE MONTH
Develop your commercial acumen.
BY KAREN GATELY
Karen Gately is an author,
and leadership and people
management specialist who
works with leaders and HR
teams to drive business
results through the talent
and energy of people.
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Do you have a career tip
that you’d like to share?
19/11/14 5:04 PM
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