All the publications are forecasting talent shortages. Articles are focusing on the pent up demand for linchpin employees – those who can make a difference. Talent flow is world wide and getting to the talent is eased by the World Wide Web. And it is flowing but rather than from the underdeveloped world to the developed it is the reverse. This is partly because the developed world is snubbing the talent from abroad. In addition to immigration restrictions US corporations are beginning to feel the effects of the mass boomer exodus and educational shortfalls. And we could add the unwillingness to invest money and time into training.
The result is that over half of US companies report difficulty in filling jobs and nearly half state the lack of hard skills and experience. Yet it appears as though in looking for the perfect superstar, companies are neglecting the talent they do have. US companies would be well served to get back to basics. They have lost the ability to motivate their employees and create a positive environment and culture. This is an area in which corporate America excelled just a few years ago.
Survey after survey emphasizes a vast number of workers are frustrated and disengaged with their jobs. As many as 85% of mid to high level managers and top performers at companies today would like to change jobs as soon as the opportunity presents itself. Experts believe that when the economy finally starts to rev up, there will be the most massive turnover of positions in the country’s history as disgruntled workers will bolt from their current employer and find work elsewhere. It comes as a result of how employees today are feeling overworked, unmotivated and under-appreciated by their current companies, yet they are hanging on to their jobs for dear life. Is there a shortage of talent? Maybe the flood gates are about to open.