Talent Retention Project Advanced Engineering South West

Talent Retention SchemeFor the South West

History

• Impact of 9/11 events in the Midlands– Engineering firms particularly aerospace– Rapid cost reduction– Headcount impact– “Brain drain”, 70% affected individuals left the

sector

Context

• Winter 2008/9– Business confidence dropping– Job losses– High value skills important to South West• Engineering/technical/manufacturing• Creative/digital media• Financial services

– Lessons from Midlands

FINAN

CIAL

SER

VICES

(Regiona

l)NSA

Finance

What is it?• Advanced Engineering, Renewables & Nuclear• Match talent to relevant opportunities quickly• High value skills– Engineering, Technical, Supply Chain, IT

• Cover all Skilled individuals• Supports geographical mobility issues– Fully mobile– Local mobility

How does it work?• Sector specific• Local focus & national network• Business support– Recruitment– Redundancy

• Face-to-face support– Emotional and practical support

• On-line rapid match system

Results to date

• 309 individuals successfully completed process. Circa 100 live in process– 842 face-to-face sessions delivered

• 224 businesses contacted.120 businesses actively engaged to date– 300 to 400 live vacancies at any time

Contact details

• Project team: 01275 878231• Email: enquiries@skillsretention.co.uk• Web: www.talentsouthwest.org.uk