GTI Breakfast News 15 September 2016 'What makes a good hire?'

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Transcript of GTI Breakfast News 15 September 2016 'What makes a good hire?'

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What makes a great hire?The Anthologist15 September

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What makes a great hire?The Anthologist15 September

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMSimon RogersDirector, GTI WELCOME

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09.03.16 28.04.16 30.06.16 15.09.16 24.11.16

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2016 dates

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SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMTodays agenda: What makes a great hire?Welcome & trendence UK research updateSimon Rogers, Director, GTI The Economic UpdateDeclan Curry, Broadcaster, Business & Economics journalistA great hire hasStephen Isherwood, Chief Executive, AGRBlue Ocean Recruitment hiring for potential and growing your talentKate Temple-Brown, Apprenticeship Levy Strategic Consultant, Aequalis & Havas PeopleDegrees of change: a strategic imperativeNeil Morrison, Group HR Director, Penguin Random HouseWhy intervene?Rt. Hon Iain Duncan Smith MP, Leader of HM Opposition (200103) and Secretary of State for Work & Pensions (201016)

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2 minuteupdate

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMJohn MorewoodHead of Emerging Talent Europe at HSBC

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMDeclan CurryBroadcaster, Business & Economics Journalist

THE ECONOMIC FORECAST

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMBREXITImmediate impact of EU vote:Slump in confidence, econ activityManufacturing output down 0.9% July 16 Plans to hire new workers easedShares & pound fall sharply

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMBRESCUEBank of England acts swiftly:interest rate cut from 0.50% to 0.25%cheap funding for banks to spur lendingbuy 70bn more govt & company bondsCity expects further interest rate cut to 0.10% or zero in November?

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMBREVIVALPredictions of gloom defied:11% increase in manufacturing confidenceBiggest rebound in services in 20 yearsHealthy rise in retail sales (+1.7%, 3m/3m)City banks raise growth fcsts (+1.9% FY)Lowest unemployment since 2005

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMMARKETS (7 Sept 16)Shares recover from post-Brexit bumpFTSE 100:6,848.6 (+13% y/y)Oil: erratic recovery from 12-year lowBrent crude:$48 bbl (unchd y/y)Gold highest in 2 yrs; well below peakGold:$1,348 (+20% y/y)

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMCURRENCIESAugust 2016:1 = $1.31 down 16% on year(was $1.65 in 2014)1 = EUR 1.17down 16% on year(was 1.38 in 2015) makes British goods cheaper abroad

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMJOBSEmployment:31.75 m Apr-Jun 16UP 606,000 on previous yearUnemployment:1.64 m Apr-Jun 16DOWN 207,000 on previous yearBank of England says job creation may ease after Brexit - but few signs of redundancies

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMGROWTH Expected to shrink but no recession? GDP Q2 2016:+0.6%GDP Q1 2016:+0.4% GDP increased 14 quarters in a rowFORECASTS 2016:+1.6% FYFORECASTS 2017:+0.7% FY

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMINTERNATIONAL GROWTHUK fastest growth among major nations UK:+2.2% y/y Q2 2016Germany:+1.7%France:+1.4%USA:+1.2%Japan:+0.6%

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMINFLATIONDANGER ! Weak pound pushes up prices (makes imports dearer)CPI:+0.6% Jul 2016+0.5% Jun 2016+0.1% Jul 2015Bank of England says above 2.0% by 2018

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMWAGESWill they keep ahead of rising prices?Average earnings:+2.4% Apr-Jun 16 y/y(including bonuses)Private sector:+2.5%Public sector:+1.7%** Construction:+8.4%

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMPUBLIC FINANCESGovernment spent less than it earned in JulySURPLUS:1.0 bn So far this financial year, it is borrowing lessDEFICIT:23.7 bn Apr-Jul 16vs:26.7 bn Apr-Jul 152015 deficit 75.3bn, down 16.5bn vs 2014

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMTRADEUK buys more than it sells:2015 imports:549 billion2015 exports:510 billionTrade Gap: 39 billion FYTrade gap continues to grow:12.3 bn in Q2 2016 vs 12.0 bn Q1

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMCURRENT ACCOUNTIncludes investment income + trade100 billion deficit in 2015 = record highAppears to be improving - but not really:32.6 bn in Q1 2016vs 34 bn Q4 2015vs 25 bn Q1 2015(NB: Q4 figure largest since 1955 !!)

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMBREXIT CHALLENGE44% of all UK goods & services sold to EU53% of all UK imports come from EUQ: Will we keep access to single market ?Q: At what price? (allow EU workers in?)Q: How to retain/attract inward investment ?Q: Boost exports to rest of world ? (sluggish)

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMPRODUCTIVITYFell sharply in recession, as expectedSlow recovery, below long-term averageHistorical avg:+2.0%2015:+0.8%Q1 2016:+0.4%Q2 2016: +0.3%

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMREGIONAL PRODUCTIVITYLondon most productive zone in UKWales & NI least productive (poor skills?)London:130UK:100Wales83Northern Ireland81

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMGLOBAL PRODUCTIVITYLow productivity = lower living standardsGermany: 136France:131USA:130UK:100Japan: 84

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMStephen IsherwoodChief Executive, AGRA GREAT HIRE HAS

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SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMWhat do employers want?An ability to work collaboratively with teams of people Excellent communication skills: both speaking and listening A high degree of drive and resilience An understanding of the political, economic, commercial issues affecting an organisationAn ability to embrace multiple perspectives and challenge thinking A capacity to develop new skills and behaviours according to role requirements A high degree of self-awareness An ability to form professional networksAn openness to and respect for a range of perspectivesA willingness to play an active role in society at a local, national and sometimes international level.

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMAsk audience to shout out what they think employers want to prove the point there is a long list of things and then lead into or simply put point36

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMCan do or love to do?

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMVacancies unfilled in a recession!

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMAsk audience why they think this might be so39

2016 Graduate VacanciesTOTAL VACANCIES-8%Accountancy or professional services-8%Banking or financial services-8%Construction company or consultancy-11%Energy, water or utility company2%Engineering or industrial company-14%FMCG company1%Investment bank or fund managers24%IT & Telecommunications5%Law firm-5%Public sector-7%Retail-16%

AGR Survey Launch29thSeptemberagr.org.uk

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMKate Temple-BrownApprenticeship Levy Strategic Consultant, Aequalis & Havas PeopleBLUE OCEAN RECRUITMENT HIRING FOR POTENTIAL ANDGROWING YOUR TALENT

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SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMNeil MorrisonGroup HR Director, Penguin Random HouseDEGREES OF CHANGE:A STRATEGIC IMPERATIVE

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMOur world is changing

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LiveTV & FilmProductsBookseBooksAppsOnlineAudio

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AnimatorsStart UpsProducersBrandsAuthorsIllustratorsDesignersArtistsActorsSocial MediaLiveTV & FilmProductsBookseBooksAppsOnlineAudio

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMWere incredibly well known,by the people that know us

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SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMBe curiousMake things happenConnect with peopleStay tuned to the detailA passion for our purposeCapture the attention of othersSix example areas of assessment

SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMTraditionalCandidatesSecondaryEducationSecondCareersWhere are successful candidates coming from?

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SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMWhat have we learnt?

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SPONSORED BYIN ASSOCIATION WITHAN EVENT FROMRt. Hon Iain Duncan Smith MPLeader of HM Opposition (2001-03) and Secretary of State for Work & Pensions (2010-16)WHY INTERVENE?

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