Bosses Now Wooing Some Employees, Rather Than Vice-Versa
With about five applicants for every job opening in the United States, it's nice to know that in some fields, employers are actually competing for employees -- wooing them with all the fervor of a smitten suitor. In fact, a new report released by PwC US called "Growth Reimagined: The Talent Race Is Back On," shows that talent is the top priority for CEOs, moving up from third on the agenda in last year's survey.
The survey finds that more than half of the global and U.S. CEO respondents (51% global; 55% U.S.) plan to increase their headcount over the next 12 months but are concerned that they may not have access to people with the right skills. PwC reports that 66% of global CEOs and 56% of U.S. CEOs say a lack of the right skills is their biggest talent challenge. And a full 75% of U.S. CEOs plan "some or major change" to their firm's talent management strategy over the next 12 months.
"The 'war for talent' is not just a numbers game - it means finding, retaining and motivating employees whose skills fit the company's strategy," said Ed Boswell, U.S. Advisory People and Change practice leader at PwC. "As the economy is gradually showing signs of improvement, companies are putting their emphasis on their people."
The survey also shows that talent strategies are likely to focus on motivating and deploying staff. However, according to PwC, CEOs are failing to exploit key talent pools - only a minority of CEOs see themselves changing their strategy on women, older people and younger workers, which puts a damper on the outlook for many. But if you're a 27-to-50-year-old guy, your prospects are pretty good.