Economic Recovery? Do you have the talent to capitalise? (Melbourne)

Start date 2-Jun-10 - 7:15 AM
End date 2-Jun-10 - 9:00 AM
Venue Zinc
Address
Federation Square
Corner of Flinders and Swanston Streets
Melbourne, VIC
Australia
[ Gmaps marker icon ]
Status Open
RSVP 1-Jun-10
Cost Alumni - $65 / Guests - $75 / Students - $55 / Tables of 10 - $600 - breakfast incl. in tix price
Contact m.charles@mbs.edu
Registration Closed

Hear views from two MBS academic experts, over breakfast, on the likelihood of a full GFC recovery and the optimal talent base necessary to exploit opportunities in an economic recovery environment. 

Associate Professor Mark Crosby will outline his views on the short to medium term outlook for the Australian and the international economy.

While the RBA continues to raise interest rates in Australia on the assumption that the GFC is behind us, most of the rest of the world is struggling. In Europe, Greece and the other PIIGS are heading towards default, the euro is sliding, and public finances across Europe are a mess. A third consecutive decade of anaemic growth looks the most likely outcome in the “old” European economies of Italy, Germany and France that constitute 50% of European GDP. In the US public finances are also a mess, and battles over economic reforms have very important implications for future economic growth there. Meantime China and many other parts of Asia continue to power ahead, pulling Australia along behind them. But what are the risks there? Can near double digit growth in Asia continue? Meantime in Australia the government has introduced only a few of the reforms suggested in Ken Henry’s tax review, with the mining sector bearing the brunt of the costs of tax reform. Is this good policy? In this discussion Mark Crosby will look at the short to medium term economic outlook in Australia and in other parts of the world.

Professor Ian Williamson will provide insights on strategies for talent management. How can firms best manage employee retention in an economic recovery, while also attracting new talent.

Your organisation’s most vulnerable and opportunistic time is right now, in this post-recession, pre-boom period.  Historically, it’s this time where seismic market shifts occur. Firms that were well positioned in terms of being market leaders prior to the recession, can lose their market leadership or firms that were previously lagging can jump to the top. What’s drives these shifts? One criteria is an organisation’s ability to get talent onboard and get them up to speed.  In many cases, managing skills becomes a critical management focus in a recession, then when there is some sense of a recovery, most managers breathe a sigh of relief and think, “Well, I did my job” and relax.  But this is when you are most vulnerable. You’ve laid off staff thinking you are being responsive to the economic downturn, but when the recovery comes you don’t have the resources to conduct your business. And all of those internal issues that you had but never addressed before the recession, will quickly come back to bite you.  Now is when you can make or break your organisation. You can either solidify your market position or you can completely lose it.

This event will also be held in Sydney on Friday 4 June.  To register to attend please click here.

** Students are offered a discounted rate of $55p/p (incl. GST) please download a credit card form, complete and email the completed form to Janice Creighton, Alumni Relations, Events Assistant via j.creighton@mbs.edu. **

 

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