The batle for the best

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The battle for the best
Based on an article from “The Economist” – Nov. 2006 Ed. by Adrian Wooldridge

Universidade do Algarve
Escola Superior de Gestão Hotelaria e Turismo
Management Graduation– 1st year – English Class
By: Mário L. Soares – No 32710

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The battle for the best
Summary
• Difficulties for companies to recruit people, • Escalation of the war for talent, • Supply ofworkers is decreasing in much of the world, • Solutions to solve the problem, • Conclusion.
Mário L. Soares No 32710
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The battle for the best
Difficulties for companies to recruit people
•Companies are taking longer to fill vacancies, • The collapse of loyalty, • Mismatch between school production and company needs, • 62% of H.R. managers worry about talent shortages.
Mário L. Soares No32710
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The battle for the best
Escalation of the war for talent
• It is a sellers market:– “Whose business card are you carrying today?”, – Not having a long term job or position doesn’t meanyou are less qualified, – Companies struggle to have the best workers, – It is more easy for a ‘valuable’ employee to get a job than for a company to find a ‘valuable’ employee.
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Mário L. SoaresNo 32710

The battle for the best
Escalation of the war for talent
• The importance of intangible assets:– Consultancy companies calculated intangible assets to have had lately a very high growthof the value of the companies, – Studies proved that skilled workforce and ‘knowhow’ are now more than half of the market capitalisation of America’s public companies.

Mário L. Soares No 327105

The battle for the best
Escalation of the war for talent
• Clever recruiting tools:– – – – – –
Mário L. Soares No 32710

Psychological tests, I.Q. tests, Mathematical equations, Culturalquestionnaires, Problem solving quizzes, Stronger HR team.
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The battle for the best
Recruiting test
LOOK OUTSIDE THE BOX • Cross the four dots with three straight lines, • Do not raise your...
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