Managers Need to Demonstrate They
Have the Right Stuff
Managers need to demonstrate they have the skills their companies desire for the present and future or that their employers should invest in them, according to a survey by global talent management firm OI Partners.
Fifty-two percent of employers reported some of their managers do not have the right skills to achieve their business goals. Thirty-five percent said some of their executives are lacking the necessary skills to move their organizations forward.
Inadequate management skills (such as leadership, motivating people and building teamwork) is the top reason why executives and managers today are not working out. Sixty-five percent of companies cited deficient management skills as the main reason why executives are derailing. Lack of management skills also is the number one reason why managers are not succeeding, according to 56% of employers. Nearly twice as many companies cited inadequate management skills as the main reason for executives not working out (65%) as those that blamed insufficient job skills (35%).
The surveyed employers also want executives and managers to adapt to changes that have occurred in their jobs and workplaces. Fifty-three percent of companies cited inability of managers to deal with changes as a major barrier to succeeding, and 45% of employers said executives need to make adjustments as well.
"Many companies that have laid off workers are now evaluating whether their employers have the right skills for today and tomorrow," comments OI Partners chairman Tim Schoonover. "A company’s needs change continually to meet the prevailing conditions. The skills that may have been right to lead and manage businesses through cost-cutting and layoffs may not be the same needed to re-focus and grow."
Disconnect Between Job Seekers and Employers
Seventy-one percent of job seekers are pessimistic about their career search, feeling they possess the required skill set but are not getting hired, a TalentDrive "Job Market Perceptions" survey reveals. Thirty-seven percent are extremely frustrated, with no hope of improvement in sight, and 34% are unhappy with the environment but are starting to see signs of improvement.
Employers, meanwhile, are feeling content and better than in years past with the candidates they interview. When asked how they felt about the hiring situation, 42% of employers indicated that the recession has not only increased the quantity of candidates but that they are finding more qualified candidates than in years past.
"It is apparent that the hiring environment has shifted over the past few years," comments TalentDrive CEO Sean Bisceglia. "This report is a testament to the extent of that change. The jobs are out there but this disconnect between what employers are seeking and the skill sets of job seekers is fuel for the fire. The road ahead is still bumpy, but understanding both sides of the story will help job seekers and employers move forward and achieve desired results in the hiring process."
The survey found the following:
- 71% of employers say that more than half of their open positions are "specialized."
- 61% of job seekers surveyed consider themselves to be a "professional with a broad skill set" rather than specialized in their field.
- 73% of job seekers have had more than five interviews per month since starting their job search, with more than 75% not receiving a single job offer.
- 74% of job seekers said the most beneficial job search method was posting a resume on job boards, followed by 27% utilizing social media, surpassing more traditional methods including classified ads, professional recruiters and networking events.
- 27% of employers agree, with the highest response for the most effective search method being social networks, followed by resume sourcing technologies.