Posts Tagged: Business Growth


Fastest Growing Industries: Who Will Need Help?

October 5th, 2016

titles-for-talent-acquisition-professionalAs the US Economy continues to recover slowly from the economic downturn of 2008, certain industries are booming, and a few you may not think of right away. Consequently, there are industries that can’t find talent fast enough. According to Economic Modeling Specialist International, CareerBuilder’s labor market analysis branch, these industries will be adding thousands of jobs, but are challenged in recruiting the talent to grow at such a pace. What are a few industries that will grow the fastest?

1. Online and Electronic Shopping

It’s no secret that online shopping has changed the way people purchase goods. For those looking for a job, this is the fastest growing industry out there. Companies such as Amazon and eBay have become huge hits with the general public. In such case, expertise in high volume hiring and recruiting is key. Do you have your own talent that specializes in sourcing and recruiting huge numbers of candidates for the retail field?  In the next five years, the industry is projected to add close to 80,000 jobs, a 32% increase.

2. Translator and Interpreter Services

As the workforce continues to diversify, people who speak a second language are at a premium according to the tradewinds recruitment. From businesses to hospitals and everywhere in between, translators are in high demand. This industry will witness job growth close to 30%. At the same time, talent acquisition professionals who speak more than one language can really carve out a niche to partner with businesses to help hire and recruit bi-lingual candidates.

3. Physical, Occupational, and Speech Therapists

Modern medicine continues to advance and is truly a miracle of science. People are getting back to work more quickly, but patients require a large amount of therapy to return to the workforce or even get out of bed. This means plenty of available jobs for those who are licensed in various fields of therapy. This industry will add close to 100,000 jobs in the next five years, representing a 25% increase. The challenge is identifying and retaining these therapists as the industry booms and candidates are more sought after.

Job growth can almost always translate into talent acquisition growth. Businesses and industries with excelling job creation need help recruiting talent. Positioning yourself as an Talent Acquisition expert in a certain industry can put you at an advantage over competition. Do you need need help identifying talent in high-growth industries? Give us a call at (877) 746-8450.

 

 

Entrepreneurial Yin Yang Effect

April 24th, 2012

Today I had the pleasure of speaking to a room of small business people, coaches and entrepreneurs about the barriers to growth. The barriers include: the leader’s ability to develop and change, the need to put systems and processes in place as the business evolves, and the need to understand how your marketplace changes as you and your business grow.

While I went in with a planned presentation to lead a group discussion, I also walked away with a new insight that all of us face when being entrepreneurial. There is a yin yang effect about everything, including starting and running a company. We start companies for many reasons. For some it is the freedom of expression and creativity that comes from an environment with much less policy and bureaucracy than working for the man. For others, there is a desire to be the best baker, brick layer, or auto repair person you can be. Or because of experiences and insights from working for someone else that give you the perspective to be able to do the business better. Yet we quickly learn that being great at baking or bricklaying has nothing to do with running a bakery or contracting firm.

In so many ways being a successful entrepreneur requires us to run into our weaknesses head on. Entrepreneurs are often focused on vision and the future, however, if you are to make it more than a year or so, you quickly learn that success in business is one part vision, two parts getting things done! Execution really matters, for this reason it is important that you are always ahead of the game, legal advise is a must in this case, for so many reasons, specially because you need to be backed up by someone who understands about business, make sure to click right here for further information!

Being creative and exploring new solutions, technologies, or ideas are the life blood of entrepreneurship. Many new companies come from the notion of research and development, but be careful. Be creative, yet be selective. Prioritize well, my friend. Or find yourself having “bit off more than you can chew,” as the saying goes. Over funding too many ideas, projects and innovation can leave you without a product or market to sell it in, and no revenues and no cash in the bank to prove it!

I was the asked some good questions today. “When do you know what to do? It sounds at times like the free-for-all, wild west style of running a business fuels growth and innovation.” My response was, yes it can. “So when you put structure, routine and process in place… aren’t they at odds with the entrepreneurial spirit?” Yes, they can be. After all, opposites only exist in relation to each other.

The best advice of all comes in the form of ones own experience. For me I want structure, routine and and process to fuel the early entrepreneurial spirit. I find that this yin yang effect helps me amplify the entrepreneurial spirit and extend its shelf life, if you will. It is this very structure that helps an entepreneurial company be creative, to be able to communicate in practical ways with more staff and customers, to balance priorities and be like it used to when it was much smaller. And if you ask me, slightly better than before.

Do you have a yin yang, entrepreneurial story? Please share and give me something to write about!

Do you have cover sheets on your TPS reports?

February 23rd, 2011

Recently a company invited me to give a talk on growth at their annual meeting. This is a request I took quite seriously. My quest to grow and learn to manage growth and grow again, is well, a continuous, circuitous pursuit. I live it, read about it and of course, write about it. The preparation for my talk forced me to think through my thoughts on the key drivers of growth for any business.

One funny thing about the answer to business growth? There isn’t one answer. The answer is dependent on who you ask and their “come from.” What part of the business do they “come from?” What experiences and skills do the “come from.” Sales is critical to any business success. Any business must also market its product or service. R&D will insist that new products are the life blood of a company. Or is strong customer service the answer to growth? They know everything that goes on in a company. But what if billing and accounting aren’t at the top of their game? What this all boils down to is that it takes all parts of the business working together to grow. Business growth takes the right people in the right system taking advantage of the right market opportunity.

I would like to address the “right people” notion. The right people is about culture. Culture is the personality of a company. It takes the right culture to drive growth. It is easy to have a culture that hurts growth. Remember the cult classic movie Office Space? The movie gently pokes fun at corporate stereotypes. In one favorite scene the main character is in cubicle land and his boss pays a visit to his cube to remind him that he should put a cover sheet on his TPS reports. “Did you get the memo?” He has the memo! And he shows it to his boss, who still insists on getting him another copy. A few minutes later, middle management shows up to repeat the same, worthless request. I hope you’ll watch the clip – a picture is worth a thousand words, right?

What is my point in all this? Do you work in an environment where TPS reports rule your life? Are there worthless, wasteful moments in your job that if someone would just listen to you – you could improve the company? Or better yet, would your boss just let you change it? What does the coversheet have to do with customer satisfaction anyway? The customer seems to lack a voice in all of this.

Imagine a company culture that takes into account customer point of view in every part of the business. I call that an Outside-In culture. Stakeholders can speak for themselves and do. Employees are there to represent themselves. It is the customer that often lacks an advocate. How absurd right? The very reason the business exists, customers, often gets lost in translation. Every company has a stated mission statement around the customer. It is the goal on the brochure. The customer is simply treated indirectly in an inside-out way. And in most cases it happens by accident or worse yet is a by-product of unfortunate circumstances. Good intentions gone wrong.

Growth comes when culture is right. Put the customer in the board room and ask the question, “Is this good for the customer?”

Outside-In culture is part of how I help my company and clients grow. It is our Outside-in perspective that prompts us to apply our recruitment expertise in a tailored way to our customers. I am sure we have TPS reports that need to be changed. But I am confident that my staff can change them without me. How about your company? Do you have TPS reports in the way of growth?

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