Soundbites: March/April 2023
What’s the biggest business decision you’ll make in the first quarter of 2023?
Paul Rayner
CEO, Oakstone International
“The biggest business decision for me as CEO at a mid-sized recruiter/search firm is how to balance growth with cash flow. Although in our case it’s magnified due to the direct link between the number of consultants we have and our delivery volume capability, like most businesses the biggest issue is when to hire. Being able to on-board, train and support people to the point when they can deliver effectively and add to the bottom line is walking a fine line regarding investment in people while ensuring the need for profit, without which we cannot survive.”
Mary Alice Vuicic
Chief people officer, Thomson Reuters
“From an HR perspective, the biggest decision that we will make in Q1 is also one of the biggest opportunities: doubling down on growing our people. Internal talent development and mobility will be the most important work we do in 2023. People are putting more pressure on their current employer to help them develop new skills. Companies that offer internal talent development and mobility will have a significant advantage. We’re constantly exploring how to give our team members the best possible training so they can continue on their career paths. How we set our teammates up for continued success is ultimately how we set our business up for success.”
Julie Mott
Managing director, Howett Thorpe
“The Great Resignation continues to threaten employers’ abilities to attract and retain talent. So, the most important decision we will make at the start of 2023 is how to ensure the most effective recruitment strategies for clients. Many people are struggling emotionally and financially right now, so we will encourage businesses to entice applicants with wellbeing programmes, flexible work policies, supportive company culture and salary transparency. To help employers get the best candidates, we will also encourage an holistic approach to candidate selection and the use of advanced, time-saving technologies like artificial intelligence during screening.”