The batle for the best

The battle for the best
Based on an article from “The Economist” – Nov. 2006 Ed. by Adrian Wooldridge

Universidade do Algarve
Escola Superior de Gestão Hotelaria e Turismo
Management Graduation – 1st year – English Class
By: Mário L. Soares – No 32710

1

The battle for the best
Summary
• Difficulties for companies to recruit people, • Escalation of the war for talent, • Supply of workers is decreasing in much of the world, • Solutions to solve the problem, • Conclusion.
Mário L. Soares No 32710
2

The battle for the best
Difficulties for companies to recruit people
• Companies are taking longer to fill vacancies, • The collapse of loyalty, • Mismatch between school production and company needs, • 62% of H.R. managers worry about talent shortages.
Mário L. Soares No 32710
3

The battle for the best
Escalation of the war for talent
• It is a sellers market:– “Whose business card are you carrying today?”, – Not having a long term job or position doesn’t mean you are less qualified, – Companies struggle to have the best workers, – It is more easy for a ‘valuable’ employee to get a job than for a company to find a ‘valuable’ employee.
4

Mário L. Soares No 32710

The battle for the best
Escalation of the war for talent
• The importance of intangible assets:– Consultancy companies calculated intangible assets to have had lately a very high growth of the value of the companies, – Studies proved that skilled workforce and ‘knowhow’ are now more than half of the market capitalisation of America’s public companies.

Mário L. Soares No 32710

5

The battle for the best
Escalation of the war for talent
• Clever recruiting tools:– – – – – –
Mário L. Soares No 32710

Psychological tests, I.Q. tests, Mathematical equations, Cultural questionnaires, Problem solving quizzes, Stronger HR team.
6

The battle for the best
Recruiting test
LOOK OUTSIDE THE BOX • Cross the four dots with three straight lines, • Do not raise your pen