After a little break for the summer, the fourth seminar in this year’s Power of Diversity Breakfast series was kindly sponsored and hosted by Standard Chartered. The Lord Mayor’s Appeal discussed ‘Changing the recruitment lens – finding untapped talent’ on Thursday 7th September. From a 2017 report by PwC, financial services CEOs are seeing significant changes in skills and types of people they need and 72% see the limited availability of skills as a threat to growth.
With the Lord Mayor, Alderman Dr Andrew Parmley in attendance and chaired by Julie Hutchinson, Managing Director, East London Business Alliance (ELBA) London Works, the breakfast shared insights and success stories from experts on the subject, including:
- Steve Varley, Chairman and Managing Partner, UK&I EY
- Phil Wilson, Chief Psychologist and Chief Assessor, Civil Service Fast Stream and Early Talent
- Jack Parsons, CEO, Yourfeed
What our speakers said:
Businesses need to turn their recruitment processes on their heads. Current practice is blocking and excluding a huge talent pool because they don’t fit the norm, are different or may not have the qualifications. With a keen look at social mobility and how to tape into and develop this rich and invisible pool of talent, Phil Wilson, Chief Psychologist and Chief Assessor, Civil Service Fast Stream and Early Talent took us through how Fast Stream's demonstrable experience and glowing results from changing the way they hire graduates, with removing formal cognitive tests as a small part of the strategy. Steve Varley, Chairman and Managing Partner of UK&I EY drives inclusive growth and stressed the importance of 'targets with teeth,' having promised to publish D&I statistics as the first step to seeing change. Finally, Jack Parsons, CEO of Yourfeed was impassioned in outlining his mission to connect 2 million #GenerationNow to commercial opportunities by 2020, having almost been ‘lost talent’ himself at the age of 23. He also discussed what to look for when hiring young talent and how to make organisations appealing to millennials which will make up 75% of the workforce by 2020. The session closed with an excellent Q&A between the audience and panellists, followed by networking.
The impact of the talent shortfall across the UK is huge and action is urgently needed to reach and attract wider talent pool. 60% of CEO’s in financial services are rethinking their HR function but only 48% use HR analytics to find, develop and retain their talent. We could be missing out on the next Steve Jobs, Albert Einstein or Richard Branson.
What our guests said:
“Fantastic session- excellent speakers.”
“Very insightful. Absolutely on point!”
What City A.M. said:
The full seminar programme can be viewed here.
The full 2017 Power of Diversity Breakfast Series programme and biographies of the speakers can be found here.
If you are interested in attending the Power of Diversity seminar discussing finding untapped talent, or any of our other upcoming topics, please contact us directly by either emailing firstname.lastname@example.org or calling 020 7332 3777.