Space to fill?

Space to fill?

  • June 27, 2022
Space to fill?  Sourcing talent for the Isle of Man

Talent – those who are technologically literate, globally astute and operationally agile……

The war for talent, as first described within the McKinsey study in 1997, refers to an increasingly competitive landscape for recruiting and retaining talented employees; a strategic business challenge and a critical driver of corporate performance.

Rising employment, flatter hierarchies, international talent pools, skills shortages and multigenerational workforces create shifting workforce demographics and a work environment more complex than ever before. Multiple generations working together have different skills, experiences, habits, motivations and increasing numbers of workers will be freelancers and contractors.

Whilst the threat of unemployment remains very real for some businesses and sectors, many organisations are equally finding it increasingly difficult to secure the skilled workforce required; often the process to successfully fill a single vacancy can take months of multiple search exercises.

The latest CIPD/Hays Resourcing and Talent Planning Survey states that 3 in 4 organisations (78%) reported recruitment difficulties in the last year. Many organisations are looking externally to meet the changing skills needed in-house, however the CIPD warns that equal attention needs to be given to the development of internal staff, in order to build a skilled and sustainable workforce in the long term.

Locally, Paragon Recruitment have secured market monopolies relevant to the Isle of Man marketplace, to maximise the identification and attraction of talent, both domestic and transient, appropriate to their clients’ business needs.

Paragon has enjoyed year on year growth since acquisition by Directors and Co-Owners Jo Wood and Debbie Scrimshaw in 2007. With a client base predominantly finance sector driven, extending to key staff within manufacturing, retail and e-commerce sectors, Paragon flexes to pro-actively support the diverse, innovative and emerging businesses operating from the Isle of Man. 

Having invested and developed an established team of respected recruiters, each consultant at Paragon is extensively networked within the industry that they support and is therefore capable of tapping into an expansive network of contacts on behalf of their clients. 

Consultants are supported by research, infrastructure and the technology to ensure knowledge of suitable candidates within the marketplace is always current. This customised approach ensures consistent delivery of a controlled message with significant cost savings, providing client confidence that the target candidate market has been fully surveyed, approached and assessed professionally. 

Paragon’s offices are at St Georges Chambers, 1 Hill Street, Douglas – call the team on 665115.