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Fighting for talent

by Tommy Weir

Going into the global financial crisis, the business world was experiencing a massive shift as the markets moved from the West to the East. McKinsey Management Consulting firm stated that, “there was a war for talent.” Companies were growing at rates unheard of in modern business history and they were consistently breaking growth records. Then all of a sudden our attention shifted back to the West as those markets came to a screeching halt. We went from a “war for talent” to a “war on talent.” Many of the companies that were experiencing record growth are now travelling in reverse. And unfortunately, companies are shrinking as their market capitalizations are in a downward spiral. This sudden move leaves a big question looming in my mind, “What will happen after the recovery?” I am not as consumed with when the economic recovery will happen as I am with what will happen

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