War for talents
What is the war for talent?
The term ‘war for talent’ refers to the increasing challenge of attracting and retaining employees in the competitive job market.
What are the core elements to offer employees to win the war for talent?
Talented people want to feel passionate about their work and enriched and inspired by their companies and leaders. Core elements to win the war for talent are to offer a career opportunity with a solid employee value proposition that includes:
- Exciting work: includes giving as much authority and responsibility as possible and encourage forming cross-functional teams.
- A great company: employees like the culture and values of a well-managed company and leaders that inspire them.
- Attractive compensation: offering a competitive pay money is essential, but reward and recognition are also very important.
- Career growth: Opportunities to develop talented people like helping employees develop new skills, knowledge, and experiences.