Victory Can Be Yours in the Global War for Talent
Human Resource Management International Digest, 21(1)
4 Pages Posted: 13 Sep 2012 Last revised: 30 Oct 2012
Date Written: 2012
Abstract
Purpose – Provides a critical overview of the significant and growing challenges that countries and organizations face with attracting and retaining foreign talent.
Design/methodology/approach – Gives a thorough and accessible analysis of information from academia, business and the media on the challenges for countries and companies of winning the war for foreign talent.
Findings - Shows that governments and companies need to engage with foreign professionals at an early stage in their careers in order to reap the benefits of their human capital in the long-term.
Practical implications – Reveals how organizations and whole regions can benefit from attracting foreign talent.
Social implications – Emphasizes that organizations need to look beyond the traditional economic incentives of career opportunities and salaries to other social and lifestyle factors outside the workplace.
Originality/value - Highlights the growing competition for foreign talent which is a zero-sum game between countries and companies. The winners will be those who recognize the importance of foreign talent at all stages of a country’s economic cycle, those who invest in this invaluable resource earlier, as well those who recognize the value of economic and non-economic incentives.
Keywords: Migrants, Skilled workers, Retention, Recruitment
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