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The War for Talent A Big Picture MCS Alumni Social Event Kasteel Montfoort te Montfoort 23 november 2000 Stuart Harris
Three Eras of Prosperity Three Drivers
1492 - 1950 Land and Raw Materials
1950-2000 Open Markets ECSC EFTA WTO NAFTA MERCOSUR COMECON EC EEC EU GATT
21st century People Talent
Capital thinking
Human Capital    Talent ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A brief history of Talent Six obols  = one drachma two drachmae = one stater 50 staters to one mna 60 mnae to one talent Parable of the Talents Hollywood studio system
Case history:  Hollywood 1 Talent = $20 million
Case history: Football  $50 million
Reports from the front
NL Talent War front 35% for foreigners Recruiting  everywhere Cinema, TV, Print, Abris, Posters, Web But still 200 000 unfilled vacancies in NL
Global Talent War front 9500 U.S. Corporate headhunters = 45% growth in three years 1.6 million new ICT vacancies in U.S. in 2001 - half won’t get filled Ireland - headhunting 200 000 people Boo.com bar 70% substantial difficulty recruiting skilled staff.  “The Technology Race” PWC European online recruitment 75 mln euros in 1999 to 1.2 billion euros in 2004 = 18.5 percent of total recruitment spending. Source: MSDW
What’s changed?
Employer-Employee Relations Decline in manufacturing No more jobs for life Downsizing Eat Me Mobility Bottom Line Paradigm Brains + ICT = employee power
Demographics + Economics ,[object Object],[object Object],[object Object],[object Object]
New Technologies + Industries ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Globalisation ,[object Object],[object Object],[object Object],[object Object],[object Object]
Acceleration Q1 Q2 Q3 Q4
Implications of the War for Talent
Corporate Squeeze Must Increase Shareholder Value Competitive Pressures Must pay more for Talent Profits Profits
Dividing up the cake Who creates value?  How much of it can they claim?  Executives? Board-level  executives? Staff? Entrepreneurs? Investors? The Corporation? Distribution channels? Headhunters Agents
Widening wealth gap “ Feed the eagles, starve the turkeys” Alan Seiler, U.S. Executive Headhunter
Location matters vs
Attracting and absorbing Talent ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some strategies
Lucre strategy ,[object Object],[object Object],[object Object],[object Object]
Brand appeal strategy Apple Ireland California “ Cool” Britannia Silicon Valley Australia Netherlands GE
The Ajax strategy
Human(e) focus strategy ,[object Object],[object Object],[object Object],[object Object]
“ Social glue” 6-point strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What next?
Possible Actions ,[object Object],[object Object],[object Object],[object Object]
A final thought for a hi-tech age ,[object Object],[object Object],[object Object],[object Object]

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