In The Know v2.03 The Role of Talent

On January 21, 2011, in HRExaminer, The Go/The-Know, by John Sumser

is there still a war for talent

The “War for Talent” rhetoric is about 10 years old. It’s an awful way to describe the fact that there is a steep competition for a certain kind of employee. There’s really no such thing in the ranks of the over 40 crowd, the ethnic population or the trench level workforce.

The focus on competition for scarce resurces shifts our attention away from more pertinent questions like “how to make the most out of what you have”.

These five links should give you a refresher on the War conversation and some food for thought about alternative views.

  • Chinese and Indian Entrepreneurs Are Eating America’s Lunch
    “America is rightfully worried about its sinking competitiveness, and does indeed need to improve its education system. But it could win the battle and lose the war, because India’s and China’s successes aren’t due to their education systems, but despite them. You’ve probably heard of Indian outsourcing hotspots like Bangalore and Chennai, but it’s not just call centers and software sweatshops Americans now need to worry about: Technology entrepreneurship is booming all over in China and India, and is beginning to innovate; these startups will soon start competing with Silicon Valley. The next Google could well be cooked up in a garage in Guangzhou or Ahmedaba”
  • Tussle For Talent
    This is the Econmist’s review of a new book from the guy who headed Recruiting for GE.  The continual pursuit of the best talent did not get easier in the downturn, it got harder. Now, the best players are more aware of competitive dynamics and their value in the universe.
  • War For Talent
    10 years ago, McKinsey started the dialog about the War for TAlent with this short whitepaper. Take a moment to read it and see if things have changed. “What is troubling is that most companies are ill-prepared to meet these challenges. Regardless of size or industry, most companies have yet to pinpoint the formula that will make their organization more attractive to talented people. High performers are likely to leave companies where they feel underdeveloped, undervalued, and underpaid. While 72% of all managers surveyed say that winning the war for talent is critical to their companies’ success, only 9% are confident that their current actions will lead to a stronger talent pool in the next three years.”
  • The War For Talent is Dying
    As recently as a year ago, there was massive optimism that social networks would help companies solve the Talent Imbalance. This piece was an element of the exuberence. Today, it seems like the promise of social networks is dimming.
  • Eric Schmidt: “It Is A War For Talent”
    The economy is still cool to the touch. Even so, the competition for the best and brightest is hot in pockets. This TechCrunch piece is a video interview with Google’s CEO and focuses on their decision to give an across the board 10% raise.
 
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