A lot of companies talk about being an employer of choice, but as competition for talent heats to a boil, Stewart Black, INSEAD Affiliate Professor of Organisational Behaviour, says executives have to do more than give the concept lip service.
According to Black, many good companies with good strategies often fail to hit their targets because they don’t have the people they need. Attracting and keeping talented employees is vital for companies to compete today.
“The reality for most managers and executives out there is that there is a war for talent,” Black says.
In part, it’s a numbers game. North America and Europe went from baby boom to baby bust and there just aren’t enough qualified people to fill the jobs. In Asia, the economies are young and there isn’t a pool of experienced workers to meet booming demand. This is creating a historic global shift.
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