The war for talent
As Bersin said recently: ‘The war for talent is over, and talent won.’ In the early millennium the employee grew more powerful than the overarching company when the war for talent was raging. While this balance of power briefly swung back to the company during the financial crisis, due to supply and demand, the ball is now firmly back in the employees’ court. Our latest research echoes this.
In our Global Employee Benefits Watch report we found that 41% of global employers want to increase headcount by 1-15% over the next year. While this is positive news for businesses and the wider global economy, this shift in power means companies will need to devise more creative methods of attracting, retaining and motivating employees in order to meet these targets.