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AAAI Newsletter - June 2009 |
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What's On |
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CEO's Comments |
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Managing your own Business in 2009
Right now, for candidates it is all about job security. This is the harsh reality when one cannot see what the future holds with sustainable workload in an unstable economic environment. Many companies in Australia have been forced to lay off a large number of employees. These employees are being forced to take redundancies to enable these companies to work through this tough economic climate. Many projects have been scaled down or even stopped due to the financial uncertainty with guaranteed funding. For example, this has been particularly evident across the mining and resources sector, financial services, telecommunications, manufacturing and logistics and supply chain industries. However, there are still many companies conducting business at a rapid rate, forecasting growth and hiring new employees. The delicate act of picking out where the opportunities are, and being part of the action is proving to be very challenging. We have noticed since the infrastructure funding announcement by the Government, there has been an increased level of activity which is to fast track these large projects that have been approved by the AIG. As we move further into this year, we shall start to see more positions being made available. At the moment, it is important that you try and keep focused on the task at hand, make sure that your job is secure through being a valuable member and contributor to the organisation. We can then focus on what we do best, in alerting you with those exciting opportunities and help you with your long term career objectives.
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Talent Insights |
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Q&A with the Chairman of AAAI Group Q: What in your opinion is the most significant change that the Executive Search (ES) industry has to face, as a result of the ongoing global economic crisis? A: For the past several years with candidates scarce and markets booming the need for Executive Search professionals to identify, source and attract senior executives and specialist staff has been paramount. Those conditions no longer exist; as project finance dries up and clients shed staff around the world, the ES industry therefore needs to listen to current client and market needs and develop innovative and different strategies to survive. Q: How is AAAI Group responding to this change? A: Firstly, as a specialist ES consultancy, not a generalist one, AAAI Group is better placed than most, for our senior consultants and research team have in-depth knowledge and wide experience in each of the market sectors in which we operate, and thus we have always acted as Business Advisor to our clients rather than just an ES Recruiter. Secondly many of our senior candidates have also looked to AAAI Group as their Career Advisor in the past and continue to do so. We retain this Advisory Partnership approach with our clients and candidates enabling AAAI to be aware and ahead of market changes and thus able to alert both parties to opportunities as they occur. Thirdly, our ES resources (consultants, data-based market knowledge, research team and technology IP) have been harnessed to deliver a new portfolio of Business Intelligence Services that add unique value to our clients businesses. Q: Please tell me about this new service offering and, how does it help clients survive and prosper in today's economic conditions? A: We have named our Business Intelligence Service, "Talent Insights". This is a suite of strategic executive intelligence services complementary to the Executive Search services provided by the AAAI Group. Working with only a select number of companies in each of our market sectors, we advise Boards, CEOs and senior HR executives on how to achieve market leadership by leveraging market research driven talent information solutions.
These human capital solutions allow our clients to benchmark talent in the external market as part of their succession plans for key roles; to profile business executives in target companies being considered for merger and/or acquisition activity; to identify and pipeline external talent pools for acquisition in roles that are supply constrained; to gain vital business intelligence regarding competitors' activities. In today's uncertain market, affected by financial volatility and emerging economies driving demand, e.g. China, India and the Middle East, business executives are facing the most challenging conditions of the past decade. Of these challenges, that of human capital management is the most difficult. Most clients and their own management team have never faced such conditions in their working lifetimes. Therefore for clients to survive and prosper in these conditions it is vital that they have the very best team of senior executives and specialist staff in their own industry. Q: How do your clients identify, source, hire and retain top executives for their businesses when there is a flood of applicants made redundant by these economic conditions mostly, through no fault of their own? A: That is the value proposition that ES consultancies such as AAAI Group are able to bring to the table. Only independent, objective, HR practitioners using exhaustive processing methodologies, including competency based interview techniques and extensive reference checking whilst tapping into the active and passive candidate sources can guarantee that they have left no stone unturned in resourcing the very best candidate for the job. Click here for futher information on Talent Insights |
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How tough has the last 6 months been! Recruitment companies are the economy barometer and there is no question that they are in the toughest periods seen in my 12 years of being in the recruitment industry. I don't see too much changing in the immediate future, despite the Government's recent infrastructure funding and Building Revolution rollout starting to filter through. It is encouraging to see that money is now being spent in the right areas which should kick along some momentum for the good of Australia. The other positive, is employment figures actually went down last month, but the real test will come this month to see if that was just a technical blip or whether there is still a long way to go through this slowdown. From our viewpoint, the market is generally tight, but there is a positive feel in the air with some of our 