Recruitment professionals need to explain the impact of globalisation and demographic trends to senior management to avoid future crises in talent acquisition, according to Lance Richards, vice president of the office of innovation at Kelly Services.
Speaking about ‘talentomics’ at the Future of Talent, Technology & Social Recruiting conference in London yesterday, Richards said: “The supply and demand equation [for talent] is upside down for the first time since the plague. Part of the driver is that in emerging markets fertility rates are increasing, in mature markets it’s decreasing. You need to think about what that means for your talent chain.”Speaking to Recruiter after the presentation, Richards said the first step is to understand the trends and explain them to senior management: “The workplace is changing and the workforce is changing. Raising that visibility with senior management is important. This starts by making people aware of the big picture, the 30,000 ft view.”