The War for Talent Cannot Be Neglected

Posted by David Schilling on Feb 8, 2019 11:33:41 AM
David Schilling

Those involved in talent acquisition may benefit from reading Sun Tsu’s “The Art of War.” The book has been a bible for generations by those wishing to succeed on Wall Street. It may now have relevance to the task of finding world class talent and the perfect person for the job.

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With the “war for talent” now occurring around the globe, corporate recruiters, sourcers, HR professionals and hiring managers are beginning to see that the “Art of War” is of vital importance to their company’s survival and success. According to Sun Tsu “it is a matter of life and death, a road either to safety or to ruin. Hence it is a subject of inquiry which can on no account be neglected.”

Recruiting Around the Clock

Recruiting used to be a 9-to-5 job but in the 21st-century it’s 24/7/365. In order to find the right candidate recruiters must use all of the methods at their disposal and stay ahead of the curve so they can be the first to take advantage of new developments in the recruiting field.

There are a number of activities currently in use to source talent. These include using recruiting databases, attracting candidates through social media, posting jobs online, finding new candidates through referrals, advertising jobs within your organization and sourcing candidates using a recruiter networks.

But with so much competition the way to win the day is for companies to be creative and embrace new ways of attracting talent. The war for talent dates back to the late 1990s when McKinsey identified "the war for talent" as a strategic business challenge directly related to corporate performance.

Companies Offering to Pay Tuition for Top Talent

But there are some stunning new developments in talent acquisition. For example, some companies are now offering free college tuition to those who agree to work for the company upon graduation. For example, Bright Horizons, a Walt Disney company, has 20,000 employees that teach more than 100,000 children in the United States. Bright Horizons understands that many teachers face financial constraints so it now pays its employees to get associates or bachelors degrees. the same is being done by Discover, MGM Resorts International, U.S. Xpress, Walmart and others.

Some US companies have come to realize that burdening students with a huge amount of debt in their college years makes for stressed employees.

This and many other innovative approaches to talent acquisition are often like "killing two birds with one stone": finding the best talent and helping them get ahead in a very competitive world so they can be better long term contributors to their employers.

Topics: hiring, talent acquisition