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Economic Insights - Roger Martin Fagg

Posted 2 months ago by James Taylor

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Macildowie Chairman, John O'Sullivan, is the owner of the recruitment networking group Elite Leaders.

I am fortunate enough to be one of the CEO's who make up Elite XL.  A group of c20 people who run recruitment companies with at least 50 staff.

Pre-covid we met monthly to share ideas, collaborate, mastermind solutions to sector challenges and enjoy listening to an expert guest speaker before enjoying a bite to eat together.

During those "bite to eats", I have twice sat next to and enjoyed conversation with behavioural economist Roger Martin-Fagg. Every quarter Roger produces his own economic forecast which is used as a main authority by many major institutions.

Given that the Bank Of England's Chief Economist stated that the economy is like a "coiled spring" I take great heart from Roger's report (which you can download below).

There is one specific sentence in the closing summary of the report that struck me as the most important message that we, as recruitment and retention consultants, should be sharing with our clients right now.

“There will be severe shortages of the right type of employee so now is the time to improve the performance of existing employees using new technology”

I believe that Roger is bang on the money with this observation. 

We are already helping well informed Executive Leadership Teams to plan their future people strategies (see infographic below), and the most pro-active businesses are hiring RIGHT NOW.  We have also been developing our own leading edge tech to help our customers to upskill and inspire their people in order to get ahead of the curve - you can register your place on the next People Hub product preview by clicking here.



On behalf of Roger, I hope you enjoy the read :-)

JT

Roger Martin Fagg - Economic Update.pdf

Size: 4.23 MB