|Blog - People Practices|
|The challenges of Talent Management in the twenty-first century|
|- Posted by Deepa on Apr 30 2006 [Talent Management]|
From our current issue of HR News and Views:
The search for talent seems as relentless as ever,continuing to be one of the foremost challenges for senior leadership in all leading organizations even though it has been almost a decade since “War for Talent”, coined by McKinsey figured in the corporate lexicon.
Today the challenges to attract and retain talent seem daunting. In a DDI survey conducted last year, one-third of all employees expected to leave for another job within the next year while 20% estimated their chances of leaving to be greater than 50%. Several studies also indicate that
The following are some of the major shifts that are altering the landscape of the workplace.
Demographic shifts: Where are the workers (knowledge or otherwise) of tomorrow going to come from? The developed nations are facing the problem of ageing workforce. Almost 20% of the population in Japan is already over 65, the highest group in the world. About 35% of Deere & Company’s 46,000 employees are over 50 and a number of them are in their 70s. A new word, describing those ‘returning to the work force after an absence’ has already been coined- “boomerangs”. At Ernst & Young, about 25% of its “experienced” new recruits are boomerangs.
To read the entire article, go here
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