There’s no doubt that we’re in a difficult market, with businesses increasingly looking for ways to compete with rival organisations in order to remain productive. In fact, I’m sure many of you have come across the latest model that has been applied to understand the current operating environment: VUCA (Volatility, Uncertainty, Complexity and Ambiguity).
In this kind of changing world, it can make it very difficult to manage talent, both in terms of attracting and retaining individuals. However, it has also become more important to do so, and HR teams are recognising that they need the best people in the organisation to remain competitive. This creates a dilemma for the HR community, and organisations like Unilever and McDonalds are reconsidering their approach to talent management.
This is particularly important as the ‘VUCA’ pace of change is now recognised as being permanent, often referred to as ‘permanent chaos.’ To tackle this, it’s fundamental to be able to bring in new individuals with the ability to provide vision, understanding, clarity, and agility.
Assessment Centres are an ideal way to do this, and techniques are continually evolving to respond to changes in the market. However, it’s also important to be able to develop the talent already in your team, for instance, by looking at the high potentials who are able to behave in new ways.
Our CEO, Nigel Povah, discusses this issue in greater detail in a series of videos, which you can find in the Media Centre of our new website. Let us know your thoughts!