The War for Talent May be Heating Up

The War for Talent May be Heating Up

Despite high unemployment, companies still struggle to find highly talented people. As the economy recovers, analysts expect this trend to intensify. 

In some fast growing regions such as Silicon Valley, the talent war is well  underway, with recruiters in industries such as social media and oil/mineral management already resorting to poaching, hiring bonuses, and other aggressive recruitment tactics. In high demand regions and industries, the need for talent has reached pre-1999 levels according to Dr. John Sullivan, professor of management at San Francisco State University.
Ironically, the fierce competition for work during the recession has exacerbated the problem for organizations. Employees who took on additional tasks or roles to remain valuable to their company during the recession have gained skills and competencies that make them very likely to find work elsewhere.
They are also the very employees that organizations can least afford to lose.

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