Shrinking Talent Supply: A Challenging Future, A Technology Solution

by Alice Snell | November 28, 2005 No comments

Wherever you read today, you hear about the aging population, the need to get twice as many technical degrees by 2015, or the fact that turnover will increase more than you think.

According to a recent Spherion study, employers expect that 14% of their employees will leave next year. And if you ask the employees, 40% say they are planning to move on.

Many organizations are also dealing poorly with technology and the Internet for bringing in new qualified people. The volume of applications has been growing across the board in many companies as described in a Wall Street Journal article ” often bringing only 2 hires for close to 200 applications.

So what is the solution? How can we compete better in a world where quality talent is getting scarcer and harder to identify?

I believe the key for any organization to succeed above the macro trends is to be able to respond fast and compete for talent. At Taleo, we have been pushing a simple solution for many years, and we believe now is the time for your organization to negotiate the turn if you have not done it yet.

In short: make sure you leverage a true competency platform.

Refer to our latest article on ERE to understand the path that led there.

Alice Snell

Alice Snell

Former Vice President, Taleo Research

Alice Snell is former Vice President of Taleo Research. Ms. Snell has been tracking and analyzing the intersection between technology and talent management for more than a decade. A noted […]