- The 'war on talent' has changed
- The economy is impacting talent management
- The talent itself is creating challenges for organisations
- Talent management will be hugely influenced by globalisation
- Google is an inspriring example of how to encourage talent to innovate
The Dorchester played host to The Economist Talent Management Conference on Friday, where attendees heard debate and analysis about one of the leading issues for HR departments during the recession. Neil Davey outlines some of the key points covered by the speakers.
1. The 'war on talent' has changed
Ten years ago, McKinsey outlined what it described as the 'war on talent'. It explained that A grade individuals deliver A grade performance. This shaped the whole mindset and talent agenda according to Norman Pickavance, group HR director at Wm Morrison Supermarkets.
"Talent provides a key competitive advantage; talent therefore can and should be singled out; talent can be bought; new top teams can be created; and therefore talent does command a premium," he explained to attendees. "A view has developed that if you can't find the talent in your organisation and you can't find it now then you find it outside."