Riches Consulting Newsletter
News & Views | February 2010


Welcome to our first news update of 2010.

I would very much have liked to start with a definitive piece on people’s plans for business this year, but as you can imagine it’s a variable picture!

Janice Riches
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New article: Top 5 Tips for a Telephone Interview

What's happening in early 2010?

I hope though that you will find the following snippets of interest:


Hiring expectations’ have improved!
This is supported by an AESC survey that shows executive recruiters to be neutral to optimistic about this year’s market, with the highest expectation for growth in the Healthcare/Life Sciences and Energy/Natural Resources industry sectors.
   
Certainly some of our clients are now looking to recruit.
They include a number of businesses that are transforming their ways of working, which will enable them to grow from a more efficient foundation. The excitement of being involved in a major European transformation programme is proving popular with candidates who are looking for more challenge.
   
A selection of niche companies in the business services sector internationally have continued to do well in the past 12 months, although they tell me that this has been hard work and has involved the flexibility to adapt the product/service to the market and a clear focus on value.
   
Others are experiencing more of a drag factor, with the recession taking longer to hit initially and signs of improvement not materialising as quickly. All though are aware of the need to be in good shape now for the eventual upturn and are considering their investment strategies carefully.
   
Some interesting changes to pay practices are being considered, including shorter periods for bonus plans to allow for adjustment of performance targets as conditions change. Other metrics are also being thought about, such as measures of stability like working capital and cash flow, and cost reduction.
   
A study by the Work Foundation has revealed that outstanding leadership is defined by a focus on people’s attitudes and engagement – outstanding leaders (as opposed to the merely good) are deeply relationship centred and see people as the sole route to performance.
   
Two organisations (the FSB and RSA) put the cost of the snow and ice at more than £600 million per day, which is £12.6 billion for the 3 weeks (source: Observer)
   
A leadership tip from TEN Ltd is to use positive energy.
Redefine negatives as positive, so when you see a negative try to identify the opportunity. A prize to the most creative positive thought from the ‘cost of snow and ice’ point above!


Telephone interviewing: Our Top 5 Tips
We've recently been doing telephone interviewing and this was very useful to get around the problems with travel during January.

If you may need to go through this process as a candidate, or if you know anyone who does, download our Top 5 Tips (as compiled from mine and others’ input in an IoD forum).

Obviously, doing your research prior to the interview has been assumed!
intervie candidate


Thanks for reading. Please stay subscribed for our next issue with more useful articles to benefit you in your business.

Best wishes
Janice
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Please contact us on 01225 812 070 or 020 7969 2750 or email here

 


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