homepage-link

How Important Is Innovation To Employers?

How Important Is Innovation To Employers?

Innovative ideas can give businesses the edge over competitors and produce huge benefits, but are these types of skills and traits valuable to employers?

The world of business is always changing, the market is dynamic so innovation can help discover what opportunities exist now, or are likely to emerge in the future.

Successful businesses not only react to their current customer or organisational needs, but are often anticipating future trends and develop an idea, product or service that allows them to meet future demand promptly and effectively.

Research from leadership, talent and engagement specialist Cirrus Connect found that 49% of C-suite leaders believe not enough attention is being paid to innovation.

Talent management

The research also revealed that more than two in five (45%) of the respondents thought that not enough attention was focused on talent management.

More and more businesses are intent on finding the next top talent through graduate schemes or apprenticeship schemes but still face the problem of managing and ensuring that those selected are properly challenged and managed effectively.

Many organisations are looking at the talents of their staff and are intent on finding ways to develop their strengths to fill leadership positions.

Lack of innovators

One of the biggest challenges for large organisations is encouraging staff to be more entrepreneurial, responsive and ensure that they are not scared to adopt a risk-taking mindset.

For larger businesses the problem increases when the amount of employees goes above ten or 20 and becomes hundreds of thousands.

Firms can often struggle to maintain a culture where employees can innovate and improve without the fear of failure or lack of confidence to take control.

The research revealed that respondents are eager to make leadership development, talent attraction and succession planning some of their top priorities for their businesses in the future.

If you’re a graduate looking to kick-start your career, have a chat with Discovery Graduates and see how they can help get you started

Recent Posts

Time is ticking for your Graduate recruitment article

Time is ticking for your graduate recruitment!

Covid put a lot of things on the backburner for businesses – one of these things was graduate recruitment. If you want to recruit graduates this year but haven’t got round to it yet, it’s time to put the wheels in motion! Trends in the market suggest that organisations need to kick off their graduate […]

What will become of our children if we do not act now article

What will become of our children if we do not act now?

Author: Jonathan Evans, CEO, Discovery In a matter of weeks, our next tranche of graduates leave university for the last time with, what should be, the excited anticipation of entering the workforce and starting their careers, but this year it is very different.  If the last few weeks have taught us anything it is to expect the […]

The secret to graduate recruitment- how to engage Millennials & Gen Zers

The secret to graduate recruitment: how to engage Millennials and Gen Zers

Poor retention High recruitment costs Skills gaps Stagnating business growth You need to recruit the right people to grow your business. Looking to the future, it is widely acknowledged that graduates are incredibly important in the workforce and it’s predicted that by 2020 50% of the UK workforce will be Millennials and 24% Generation Zers. […]