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Attracting Talent: A Global Problem
We are indeed in a War for Talent. This war has waged now since 1993, when McKinsey coined the phrase. It isn’t getting any better.
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Attracting Talent: A Global Problem
My Father once told me: If your having trouble getting the results you need, change your method!
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What Influences Talent Acquisition?
Economic Housing Costs goods and services rising Health care costs rising Business uncertainty Real wages dropping Rising cost of education Social People more community minded Aging workforce/New workforce Workers coming from overseas Graduates moving into more “cleaner” technologies and jobs No mentorship/apprenticeships Political - Globalization (borders are blurred) - Gov’t resisting “legality of workers”
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What Influences Talent Acquisition?
We’ve placed 112 senior level executives in the past 2 years. Why did they say they left their old firm? Bad Boss Lack of Challenge Location # 1 # 2 # 3
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What Influences Talent Acquisition?
Conversely, why did they choose one firm over another! Company Reputation Challenge of Job Location Winning Team # 1 # 2 # 3 # 4 Person with whom they were going to work with – winning team!
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What methods do we change!
Lets Get our Bearings Straight!
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How to Influence Talent?
Talent Mindset TEAMS and interactions Value Proposition Exciting career paths Leveling up! Location Mentoring Differentiation and reward system Marketing not purchasing
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Differentiation to attraction?
16+ Workforce 9 – 15 years Workforce 1 – 8 years
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Kevin Krause BSA 2013 Convention CEO, BaxterKrause
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