Don't shoot the second arrow - skills and talent gaps
Photo credit: Pixabay
The Buddha is said to have talked of people struck by an arrow then choosing to inflict pain upon themselves by shooting a second arrow - this representing their reaction to the first arrow.
Responding in this way is a form of self sabotage, only many organisations are unwittingly inflicting unnecessary additional pain upon themselves every day by failing to address skills gaps and suffering the consequences.
For example, when:
individuals who are in positions where a single point of failure (SPOF) exists move on and leave a skills and knowledge vacuum in their wake
teams are ill prepared for new developments in the industry and customers seeking cutting edge service or insights become frustrated and take their business elsewhere
senior leaders fail to make the grade or switch roles and there is nobody ready to step into the role they vacated, leading to costly and time consuming external recruitment or extensive nurturing of "not-quite-ready-but-the-best-we-have-right-now" individuals to fill the role
Recent research by the Open University reveals some troubling statistics for UK organisations:
3 in 5 have a skills shortage
1 in 2 have struggled in the past 12 months because of skills shortages
Almost half expect to struggle financially in the next 12 months because of skills shortages
Almost half hired temporary workers to fill skills gaps
1 in 4 left positions vacant when they couldn't recruit appropriately skilled people
3 in 5 senior business leaders say this means their organisations are less agile than they should be as a result
It's not possible to remove all risk and some talent and skills gaps are likely to occur from time to time.
However, having a focused talent management strategy that is put into practice and regularly updated and adapted to reflect market conditions, organisational priorities and provide appropriate stretch and challenge for individuals at all levels can mean that the second arrow is more likely to miss even if it gets shot in error....
Talk to Evolve Consulting today to find out more about how you can future proof your organisation by minimising talent and skills gaps and supporting your people to be better today than yesterday... and even better tomorrow.
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