Recession Virgin

After confessing to being a Recession Virgin at My Long Lunch today, I highlighted why I was qualified to speak on the subject of ‘Innovation During Times of Recession’.

Quite simply, like almost everyone else in the room (my fellow Virgins), I have had to perform a 360 degree analysis of our business and implement creative and innovative measures to drive the business forward through these challenging times.

I shared my methodology with the group because a definite balance is needed between continuing the focus on traditional operating strategy and thinking creatively and innovatively.

I strongly believe that people should first think innovatively about how their businesses currently operate, not how to take them and their service offering(s) in new directions. It is vitally important to analyse what activities are still delivering value and do more of the same, before starting to identify innovative pathways. In essence, there is no room for panic tactics.

Once you have streamlined the business and shored up the spine of your operation and business strategy, you can start to be creative and innovative to support the strengthened operation, just like a team sports manager who builds a solid structure but when necessary substitutes in players who can bring width, depth strength or pace, depending on the challenges faced by opponents game by game.

Our innovations feed off what we have already built at Brainhunter to add further value to clients, and part of me is thankful of the economic situation because without it, we wouldn’t have thought of, researched and launched a range of complimentary and innovative solutions that give Brainhunter competitive edge.

If you innovate in a controlled manner, you can test new theory’s and approaches without risk, because doing something might yield a result and it might not, whereas doing nothing always generates nothing, in fact you could start to go backwards.

In addition if you don’t innovate and others around you do and strike gold, when the economic situation improves, imagine how far ahead of you they will be!

Join The Staffing Division

The Staffing Profession is the specialist networking and promotional platform for everyone with an interest in Recruitment, HR and Recruiting Technology.

http://www.staffingprofession.com

Once you are a member you can look up other members and invite them to be friends to grow your network and communicate with it collectively.

Also, set up a Corporate Group so you can promote your business.

In your own profile you can use the blog feature and add and take part in all discussions on the forum.

You can also set up events and invite people to attend them from within the community.

To build the membership base there is a feature for you invite all your contacts to join that have an interest in any facet of staffing.

Use it as a communication, networking and lead generation tool.

According to REC there are in excess of 100,000 people working in the recruitment industry in the UK alone.

That would be a good start!

Should I Stay or Should I Go?

An interesting debate this morning with my train friends regarding the logic surrounding candidates' fears for applying for jobs and switching roles, given the current economic uncertainty.

It was a real dividing subject because some believed it was better to stick with the devil you know and take the safe option. This also included crossing ones fingers that the incumbent company can ride the economic storm.

Other's, including myself, thought that every business is being affected in one way or another at present so if a company is employing, it means they are growing or replacing a critical role, which should generate a perception of safety and if you are a good candidate you can negotiate the right package for your ability.

What do you think?

Are the Banks our Berlin Wall?

I remember crossing through "Checkpoint Charlie" into the East when Berlin was still a closed city and the wall was a blight on the landscape and the lives of the people it separated. Going from affluent to poor and from lively and energetic to depressed and oppressed was a sobering experience.

I was at the BBC, as an audience member for 'Question Time', on the night in Nov, 1989 when the wall came down and it became another landmark in the calendar of things that change the world; the day when the worst extremes of communism were expelled by the people and the east embraced capitalism.

Interesting isn't it that this week a Russian billionaire (Banker) and former KGB agent has bought the London Evening Standard. Wow, how times have changed.

I was musing yesterday and wondering if we will have witnessed a similar moment in 2008 and lived through the time when the worst extremes of capitalism have been exposed and the greed of the few has brought hardship on its loyal followers for years to come?

I have always prided myself on being 'apolitical' and seeing the selective strengths in all societal models but the effects of the last twelve months will last for a long, long time and the financial burden it will place on the whole world will take decades to recover from.

Gareth