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| Get ready for the Fair Work Bill
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 A recent national survey conducted by Drake has revealed that two thirds of employers were unaware of their obligations under the new Fair Work Bill that will take effect from July 1, 2009.
The survey identified that there were three issues that were in particular concerning employers. These were the provisions dealing with unfair dismissals; changes to redundancy processes and costs; and the new provisions about flexible working conditions. |
| The Economic Downturn makes workforce planning the new priority for organisations
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 Organisations are currently making tough decisions about which staff and capabilities are critical to their current business operations. At the same time they are making plans about how they will acquire additional resource capability as and when the economy starts to recover. A good understanding of workforce planning is crucial to these strategic activities.
The Victorian State Government shares this view and in doing so, has launched a new initiative, “Skills for Growth”, which will deliver quality workforce and training planning at no cost to small and medium sized businesses. It is expected that other State Governments may follow this lead in the future. |
| The war for talent is not over - there's just a surplus of workers
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 The war for talent is not over, considering that there is a surplus of talent available in the marketplace.
When candidates have similar skill traits and experience, the choice of which candidate to hire is very often predicated on emotional preferences or gut feel. Such an incomplete hiring process can often lead to disaster.
However, having your best talent undertake a Drake P3 assessment to use as a benchmark for the position prior to starting the hiring process, and then evaluating candidates against the profile adds a crucial step to the hiring process which will mitigate a huge percentage of hiring failures.
In addition to this step, each report generated creates Behavioural Descriptive Interviewing questions that can be used to help validate traits specific to the work environment and the desired company behaviors.
A case in point:
Recently a client in the banking industry used the Drake P3 assessment tool to help with their hiring decisions. The client was looking at candidates for their loan review area and built a composite profile for the ideal candidate based on their existing star performers.
The Drake P3 showed that one applicant was extremely introverted. The composite profile of successful loan officers showed they should be somewhat extroverted. Based on their degree of introversion the candidate would have struggled in the job. This insight helped our client choose another candidate who matched the composite profile who had a better chance of doing well in the bank.
On another occasion the candidate looked like a really good fit. They fit in all the boxes of the profile except for one and that one was conformity. So this was explored as part of the interview process.
It was discovered that the candidate was a big picture thinker and not particularly good at the detail. Unsurprisingly, it turned out they’d had problems with the paper work in previous jobs. In the loan business getting the paper work right is paramount — therefore the client did the candidate a favour and saved themselves a headache by not hiring them.
Making a bad hiring decision is very costly and making the time to get the right people is essential. One of the ways organisations can differentiate themselves from their competitors is by having better people. Drake can help find those people.
For information about Drake P3 click here or email us.
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Now, you too can gain Black Belt status! |
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 Drake’s Six Sigma Business Process Excellence program is designed for an audience of experienced quality people, and is delivered through an intensive 6-day residential workshop that provides individuals with a globally recognised Black Belt Qualification.
Given the economic downturn, Six Sigma will help organisations develop a global best practice approach to process management and improvement, to not only reduce company costs, but eliminate them if necessary. | |
| Poll - Can Outsourcing assist companies to get through the economic decline?
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The current economic climate has forced many organisations to consider outsourcing some of their non-core functions as a way of lowering costs and utilising their core resources more effectively.
Does your company outsource any of its back office functions or does your company envisage doing so?
Share your experience and fill out our brief survey.
Polled results will be released in the next month edition of the Drake Performance Edge.
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| How to manage and retain your top performers
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During an economic downturn, the continued development of talent is vital to any organisation wishing to retain the most productive employees, whilst supporting exiting staff and minimising long term damage their employment brand. | |
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