#62: World-wide talent shortage

At the start of a new year, start worrying about the looming world-wide talent shortage. Unless, of course, you are talented and available.

The Corporate Executive Board recently surveyed senior human resources managers internationally. 75% said that attracting and retaining talent was their number one priority. 62% worried about a company-wide talent shortage.

The Board also surveyed 4000 hiring managers in more than 30 countries. These managers reported that the average quality of candidates had declined by 10% since 2004, and that the average time to fill a vacancy had increased from 37 to 51 days.

Just in case your wondering, the surveys were not of the high-tech industry. It seems the shortage is now everywhere, to the extent that one in three employees had recently been approached by another firm hoping to lure them away.

Is that your phone ringing or mine?

I'm james@nonsenseatwork.com

Copyright: 2007 James Henry McIntosh

James can be heard on Public Radio, 88.9 FM WCVE, Richmond VA.
Monday - 7:19am and Saturday - 8:19am