The Talent Tsunami
Talent creates the lion’s share of value in the developed world’s companies, and those who calculate the intangible assets of organizations put the product of brainpower at 80 percent of a company’s value. But, the balance of power in today’s human capital market is shifting from the employer to the individual. Talent is getting harder to come by. The average length of time to fill a job is getting longer. And the average tenure of a person remaining in a job is shorter.
Three waves of change are converging worldwide to create a talent tsunami in the workforce. In the United States, employers spend more than $250 billion a year locating, securing and holding onto skilled labor. Help wanted advertising alone cost employers $20 billion globally in 2007.
In this webinar, we discovered:
- What are the waves of change shifting the balance of power from employer to individual?
- What should you do to be well positioned in this war for talent?
- How can you engage skilled talent and retain them in your organization?
View The Talent Tsunami presentation or watch the webinar recording courtesy of Monster Intelligence.
This webinar was based on concepts from Finding Keepers: The Monster Guide to Hiring and Holding the World’s Best Employees which will be published by McGraw Hill in January 2008.
Monster thanks our presenters Steve Pogorzelski and Jesse Harriott, Ph.D.
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Steve Pogorzelski Executive Vice President, Global Sales and Customer Development Monster |
Steve Pogorzelski is responsible for revenue generation across over 40 Monster career sites throughout the world including Monster.com. Prior positions at Monster included Group President, International and President for Monster North America. He has over 20 years of recruitment recruiting experience and is a current board member of Management Leadership for Tomorrow (http://www.ml4t.org/), Goodwill Industries, Heart of a Champion and a former member of the National Board of Directors for the Employment Management Association. Steve has provided commentary and insight on labor markets and employment-related topics to national and local broadcast and print media outlets including BBC World News, ABC-TV "World News Tonight," Fox News Channel, CNBC, PBS “Nightly Business Report,” Bloomberg TV, Bloomberg Radio, AP Radio, Wall Street Journal Radio and CNN Radio, and been quoted in numerous newspaper articles He is co-author of Finding Keepers: The Monster Guide to Hiring and Holding the World’s Best Employees which will be published by McGraw Hill in January 2008.
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Jesse Harriott, Ph.D. Vice President of Research Monster |
Jesse Harriott built Monster Intelligence, the research division at Monster focused on the Human Capital marketplace and has grown the division into Monster Insights, the company's international research arm. He also pioneered the creation of the Monster Employment Index, the first measure of online recruitment activity - now tracked in the US and Europe and followed by millions of people each month, including many government agencies.
Before Monster, Dr. Harriott was the Director of Market Research & Consulting for Gomez, Inc. where he led divisions that accounted for 60% of Gomez revenue. Prior to joining Gomez, Dr. Harriott was founder and President of IMA, Inc, a first-of-breed Internet research company, as well as the Director of Research Consulting for public relations firm Lipman Hearne. He has also taught Internet Marketing and Marketing Research courses at the University of Chicago, National-Louis University and DePaul University. Dr. Harriott holds an M.A. and a Ph.D. in Experimental Psychology from DePaul University. He has appeared in various media outlets including CNBC, The Wall Street Journal, New York Times, CBS radio, Bloomberg and Reuters. He is co-author of Finding Keepers: The Monster Guide to Hiring and Holding the World’s Best Employees which will be published by McGraw Hill in January 2008.
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