War for Talents
A Report on ‘The War for Talent’. Why must organisations compete for human resources? Use a corporate example and critical theory to provide your answer.
Abstract
To understand the phenomena ‘The War for Talent’ and the impact on the business world, different organizations were examined. Findings suggest that human resources is a vital part of organizations which will stretch their talent management limits as much as they can to ensure they provide the best work environment possible to keep and attract the best people. Competition is very high hence the talent war, but this does not always apply to all organizations. The marketplace has been experiencing dramatic changes and it is extremely important to have a workforce which has the skills to deal with such changes in order to ensure competitive advantage.
Contents Page
1. Introduction 2. The Theory 3. The War for Talent 4. Not all high performers are high potentials 5. The non-combatants in the war for talent 6. Conclusions and Recommendations 7. Bibliography 8. Appendices
* 1.Introduction
Nothing in the world is static, there are changes at all levels. From an agricultural economy where people were low-skilled and low-paid, easily replaced, to then an industrial economy with people again with limited importance to now a creative economy where people are the determining factor of commercial success (Reed,2001). Land and capital are now of limited importance. If you do not have the right people, you cannot survive the new economy. The purpose of this war is to get and retain the best talents available as they are the key to long term success.
* 2. The Theory
The productivity of all resources depends upon people (Chandramohan, 2008). To understand the term ‘War for Talent’ and what it involves it is firstly important to see the meaning of Human Resources and also theories in Human Capital as it clearly shows how important the ‘human’ factor has
Abstract
To understand the phenomena ‘The War for Talent’ and the impact on the business world, different organizations were examined. Findings suggest that human resources is a vital part of organizations which will stretch their talent management limits as much as they can to ensure they provide the best work environment possible to keep and attract the best people. Competition is very high hence the talent war, but this does not always apply to all organizations. The marketplace has been experiencing dramatic changes and it is extremely important to have a workforce which has the skills to deal with such changes in order to ensure competitive advantage.
Contents Page
1. Introduction 2. The Theory 3. The War for Talent 4. Not all high performers are high potentials 5. The non-combatants in the war for talent 6. Conclusions and Recommendations 7. Bibliography 8. Appendices
* 1.Introduction
Nothing in the world is static, there are changes at all levels. From an agricultural economy where people were low-skilled and low-paid, easily replaced, to then an industrial economy with people again with limited importance to now a creative economy where people are the determining factor of commercial success (Reed,2001). Land and capital are now of limited importance. If you do not have the right people, you cannot survive the new economy. The purpose of this war is to get and retain the best talents available as they are the key to long term success.
* 2. The Theory
The productivity of all resources depends upon people (Chandramohan, 2008). To understand the term ‘War for Talent’ and what it involves it is firstly important to see the meaning of Human Resources and also theories in Human Capital as it clearly shows how important the ‘human’ factor has