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The industry received a welcome boost this week with the news that Internet advertising revenues rose significantly in the first half of 2008, despite tough economic conditions. NMK quizzed the industry on what we can expect for the next year.
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Troubled ITV is experimenting with ‘automatically placed overlay advertising’ to help revive flagging revenues. NMK’s Chris Lee canvassed opinion from around the new media industry about the move.
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The latest NetObserver poll from Novatris and Harris Interactive reveals that the internet habits of those under 25 vary widely from those of their elders. more
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How to Recruit the Best
David Picking, Recruitment Director at Recruit Media analysed the factors responsible for the current skills shortage in the new media labour market, and how companies can adopt strategies to overcome this problem.
Report on a presentation and discussion on the skills
shortage in the new media labour market by David Picking,
Recruitment Director at Recruit Media
David began his talk by outlining the major reasons for the
current new media skills shortage. Among the factors he
identified are:
- The Information Revolution that is shaping the global
economy means that there is a general need for those with
expertise in communications technologies.
- An explosive growth in the demand for interactive media.
New media agencies are therefore getting bigger and bigger,
and need to find skilled employees to meet their demands.
- Riding the Wave: the rapid turnover of new technologies
and platforms (CD ROM, web, iTV, wireless devices) has meant
continuous change in the demand for media production skills,
making it difficult for the labour supply to adapt to these
changes.
These factors have resulted in a serious skills shortage,
particularly in editorial, design and programming roles. So
serious, in fact, that it has been estimated that shortages
could restrict the future growth of the UK’s economy by as much
as 3%. David then went on to discuss a number of issues that
companies should consider in trying to meet their skills
demands.
Transferable Skills
David wondered if many companies were taking too blinkered an
approach and as a result were missing out on individuals
currently working in parallel industries who had skills that
could be easily transferred into new media. Many in the audience
agreed, and had recently found high quality personnel from a
variety of sectors, including engineering, education and event
management.
Recruitment Tools
Here, David listed the standard tools that companies use to
locate and hire staff. These included: making use of staff
recommendations and other company networks; online and offline
advertising; intelligent searching of the internet; acquisitions
and making use of recruitment consultants.
Role of the Brand
One strategy for attracting high quality candidates is to
emphasise and project the value of your company’s brand on
prospective personnel. This means understanding your company’s
core values and ‘personality’ and how they can effectively
impact on people. For some, being able to work at a company they
admire is just as important as the rewards they will receive.
Your company values should be felt widely and, just as you
endeavour to make your clients’ experience of working with you
an enjoyable one, everyone who you interview, irrespective of
whether they get the job, should have had a positive brand
experience.
Internal Processes
There are plenty of things you should be working to improve
within your organisation in order to ensure an effective
recruitment process. You need to develop a good understanding of
the correct media in which to advertise for positions, while you
must make sure that the appropriate people are interviewing
candidates. Here, there was a general feeling from the audience
that there was insufficient training in how to interview and
recruit personnel. As David pointed out, recruiting should be
everyone’s responsibility, not just the Human Resources
department, and companies should work to ensure that everyone is
sufficiently skilled in this field.
Salary and Stock Options
It is important here to understand the key motivations for
candidates and examine carefully what advantages are really
offered them by stock options. David pointed to recent research
suggesting that people are motivated by equity schemes only if
they themselves can really make a difference to the strategic
future of the company, otherwise salary is generally considered
to be of more importance. In many cases, issues such as
opportunities for professional development and an obvious career
path are felt to be equally important in attracting and
motivating skilled individuals.
Investing in the Future
If a company wants to ensure a constant supply of skilled
labour, then it should identify educational institutions and
develop relations with them. Work placements, and sponsorship,
for example, are excellent opportunities for companies to
nurture young talent. This should also apply to existing staff:
emphasise the importance of training and encourage professional
development by making training allowances a standard part of any
staff package. David approved of one company in which ‘playtime’
was always set aside once a month, giving staff the chance to
learn and experiment as creatively as possible, free from any
commercial restrictions.
This NMK event took place in September 2000
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