New joiners take five months to get up to speed

 

New research has revealed that, on average, it now takes five months to train new employees to do their job. Furthermore, a staggering 93% of CFOs say they find it challenging to find qualified employees to begin with.

Research undertaken by Robert Half, provider of specialist recruitment services, highlights how digital transformation initiatives are making traditional job roles more complex and driving demand for new skills, for example in areas such as finance.

The study surveyed around 5,000 CFOs in 14 countries to ask just how digital transformation is affecting the complexity of otherwise traditional roles.

UK CFOs have specifically reported that the key skills finance professionals require are changing, with more focus on skills such as data analysis, financial analysis and data forecasting. Almost all find it challenging to find qualified accounting and finance professionals, with that figure echoed globally.

With that in mind, and given the cost of a bad hire, businesses feel under increased pressure to find, train and select the right candidate.

However, conversely, many businesses are still not making training a priority. Just over half report that their most favoured form of training is internal, just under half favour external training. 36% encourage employees to be members of professional organisations while just 34% actively sponsor this.

Robert half reported earlier this year that an incredible nine out of ten new hires would consider leaving a new job during a probationary period. Matt Weston, UK Managing Director at Robert Half, cites two major factors that lead new employees to consider leaving a new job early. Those are poor management and a lack of proper on-boarding, including effective-on-the-job training and personal development.

Matt also says “In today’s recruitment landscape, the importance of effective recruitment and retention strategies cannot be overlooked. As skilled professionals are now in the driver’s seat of their careers, recruitment responsibilities continue long after the contract is signed.

“Identifying the right candidate in this current war for talent means that businesses need to define what skills and qualities are required for a successful role, then focus primarily on these alongside cultural fit. Defining the skills that can be learnt will allow businesses to expand their candidate pool and identify talent with the potential for long-term success.”

 

Thursday, 9 August 2018

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