Despite ongoing global economic instability, and large variations in employment rates, finding the right people is harder than ever. Now, we operate in a knowledge economy, and the means of production (as Marx would describe it) truly rests in the hands of the worker.
This is what we call ‘talentomics’—the ‘economics of talent’—and the supply-demand equation that underpins it has changed.
A couple of hundred years ago, talent (or labor) was a simple commodity. The rich and powerful had access to as much labor as they needed, and those with the discipline, skills and ability to work, did. The supply chain, and the transaction between employer and employee, was straightforward.
But that was then.
Now, HR professionals have to get to grips with a different kind of ‘talent’ supply chain.
They have to know how to find, secure, develop and retain the right talent at the right time. And the nine key factors of ‘talentomics’ are going to have a significant bearing on their ability to do this going forward.
Talentomics is global, it’s trans-generational, and it’s about managing the talent supply chain in sophisticated and technologically driven ways. In this ebook, we hope to show you what it really means, why it’s happening and how to evolve your HR practice to adapt.