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Norman Broadbent Plc

The War For Talent Just Got Real

Good leaders are critical to driving growth and productivity, yet organisations are finding it more difficult to attract next-generation leaders and high potential talent. The Chartered Management Institute recently stated that 64% of employers think lack of leadership and management is holding back growth. They also claim poor management could be costing UK businesses over £19 billion a year. The UK Labour Market Report recommends that the UK needs to appoint 200,000 managers and leaders every year, and the workforce is contracting on both sides of the coin.

There aren’t enough young professionals coming into the market at the bottom, and many are retiring at the top. This is not a cyclical shift as described in McKinsey’s ‘War for Talent’ in the late 90s. This is systemic.

 

Norman Broadbent Plc (LON:NBB), together with its subsidiaries, operates as a human capital consultancy company in the United Kingdom and internationally. The company provides talent acquisition and advisory services, including board and executive search, senior interim management, leadership consulting and assessment, and mezzanine level search. 

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.