Getting ahead in the global race for top talent

Aug. 10, 2011 - PRLog -- The global competition for highly-skilled recruits is as intense as ever and CEOs are increasingly placing talent management at the top of their agenda. These were the key findings of a recent PwC survey. But the research indicated that while a large majority of firms were updating strategies, only the most forward-looking were actually taking innovative stapes to deliver a real competitive advantage. The rest were simply using the same tactics they always had.

According to PwC's 14th Annual Global CEO Survey, two-thirds of chief executives fear talent shortages will strangle their company's growth. But big business recruitment is no longer a matter of simply selecting the brightest and best from the firm's backyard. Talent pools in developed markets are rapidly ageing and growth is now being driven by emerging economies. Writing for the Financial Times in July 2011, Kevin Kelly, chief executive of Heidrick & Struggles International, highlighted the key concerns for employers hiring in the next five years.

He said that improving performance in big economies would likely mean that demand for top talent would outstrip supply, despite persistently high global unemployment. Mr Kelly cited Heidrick & Struggles' Global Talent Index, which studies the challenges of attracting and retaining talent by looking at demographic trends, educational infrastructure and skilled labour force conditions.

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The European Talent Management Summit will be hosted from 27th - 29th September 2011 in London, UK. For more details, please visit the website: www.talentmanagementeurope.com, call freephone: 0800 652 2363 or email: enquire@iqpc.co.uk.