The ‘war for talent’ is on and raging! The expression may have been coined way back in 1997, originally referring to the competition to attract and retain talent in the wake of baby boomers exiting the workforce, but it stays relevant forever when it comes to global talent management. McKinsey suggests that nearly a third of senior leaders believe finding the right talent is their most significant challenge, and the predicted shortage of talent by 2020 ranges from 13 million people in India to 16-18 million in Europe and the US. And, a huge 82% of Fortune 500 executives do not believe that their companies recruit highly talented people.
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