Competing for workers in the global marketplace
by Aaron Lazenby
Just after Oracle acquired cloud-based talent management company Taleo in 2012, I had a long chat with the company’s former vice president of research, David Wilkins. I was expecting an overview of the talent management software market—but I instead got an eye-opening barrage of statistics about the challenging environment managers face competing for workers in the global marketplace.
With the right talent management strategies many organizations can be inoculated against the skills malaise.
There are more, equally harrowing numbers about the rising cost of training, unfavorable demographics, education shortfalls, and immigration barriers.
Despite these findings, managers are certainly not helpless against the headwinds in the global talent market. With the right talent management strategies, corporate culture, IT tools, and (of course) people, many organizations can be inoculated against the skills malaise. But it will require long-term vision and early action.
This issue of Profit looks at some of the forces at work in the market and some of the smart, creative efforts Oracle customers are making to address talent issues in their organizations. I hope these stories prove useful as we face the coming skills gap together.
Editor in Chief, Profit