Even in economically volatile times, the true competitive differentiator for any organisation would be its Talent (human capital), especially those who possess the right technical and behavioural competencies, continue to be a scarce-resource and employers will need to poise themselves well to capture the attention, interest and commitment of the best & brightest candidates.
The composition of the workforce today is changing significantly. International mobility of highly skilled-workers across borders is on the rise and as Generation-Z has already jumped into the employment market, Gen-Y OR millennials as its popularly referred to as, is an ever-increasingly important segment of the labour-force as the first wave of Baby-Boomers begin to retire, changing the employment market dynamics.
In addition, there is an increased emphasis on knowledge-workers. Research has shown that recruiting and retention of Talent ranks at the top of the list for businesses, even in tough economic environments as a Strong-Talent is a key competitive-edge for organizations today.