The phrase “war for talent” has been popping up all over the HR and recruiting scene lately, though many believe it never truly went away. However, with the growth of the job market will come fierce competition, so now is the time to prepare. And in a free, one-hour webinar, Co-Founder and COO of Brazen Careerist Ryan Healy will talk winning the war for talent by engaging Millennials.
So, What is the War for Talent?
“The idea is that there is about to be a major war for talent across the country and maybe even the world,” said Healy. “It’s already happening in places like Silicon Valley, where you see companies paying millions of dollars and poaching from other companies as we come out of the recession.”
Despite the unemployment rates, there are actually a lot of jobs, a lot of open positions and a lot of companies looking to hire. The problem? It’s less of a war for talent and more of a war for skills. And individuals who have those very specific skill sets are in high demand, and it’s only going to get worse as hiring picks up.
According to Healy, the focus on Gen Y is strictly a numbers game. In fact, they will make up over 50% of the workforce in the next couple of years.
“Because the war for talent is actually a war for skills, we’re going to focus on specific tactics for recruiting, retaining, training and developing these candidates,” he said. “The big focus is skills because the skills that people need right now to help a company thrive are different than they were even a couple of years ago due to changing technology.”
One way to do this, according to Healy, is to look for constantly curious, lifelong learners who are always trying to develop and improve themselves.
But I’m Not Hiring…
And that’s okay. The goal is to understand best practices and set a strategy in place well ahead of time.
“Even if you’re not currently hiring, the war for talent is just at the beginning. You must prepare, gear up and set best practices in place before there’s a huge need,” said Healy. “It might be in select locations and select industries now, but it will spread.”
Image: David Erickson/Flickr