2014: A “New” War for Talent

November 19th, 2013 / No Comments »

By Gary Burnison, Chief Executive Officer at Korn/Ferry International

In 1997, Ed MichaelsHelen Handfield-JonesBeth Axelrod of McKinsey & Company wrote a book entitled: The War For Talent.

The book depicted a battle for talent during the dotcom era.

However, going into 2014, we are in a new era that I have referenced as an unprecedented fight for growth. In meeting with corporate leaders worldwide, there is consensus that the problem of growth – or lack of it – is rapidly becoming the world’s No. 1 problem. Governments and corporate CEOs alike are grappling with the growth question, even if from different perspectives.

At the core of the growth issue is the question of leadership – not the individual superhero CEO or head of state, but the leadership team that collectively demonstrates insight, courage and inventiveness to deliver double-digit growth in single-digit markets. Such leaders are few and far between today. So unlike the talent war of the 1990s and 2000s, which was driven by a lack of supply of all talent, today’s war is all about a lack of supply of the right talent…….