Competition for talent

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Competition for talent

As demand grows for new and emergent skills, including UX design, cybersecurity, and data science, workers around the world — and labor markets — are struggling to keep up.  According to a recent survey conducted by the World Economic Forum, nearly eight in 10 global CEOs say they’re concerned about the availability of people with the right skills.

So far, organizations have responded by engaging in a war for talent — that is, buying or stealing it, rather than growing it from within. As they compete to fill roles, many have been willing to spend billions on recruiting (or poaching), while reluctant to invest in training their existing workers or unskilled ones, perhaps out of fear their competitors will hire those newly attractive employees away. 


Demand for skills as people retire early and pay levels depressed.

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