The war for talent is hotter than ever

The war on talent is very real. How do you stand out in the current employee-empowered economy? Tech visionary Dave Wright explores how enterprises are using technology to attract and retain their people. That’s transformation done right.

Transcript

Welcome to the new world of work, where the war for talent is fiercer than ever before. The balance of power between workers and employers has shifted. Job openings are at an all-time high. People are choosing companies that match their personal goals, and wages are rising faster than at any time since 1980.

The pandemic, remote work, government policies, even social media have reshaped how the workforce engages with their employer. And it’s a do-or-die moment to attract and retain talent.

When enterprise companies ask how they can stand out in this employee-fueled economy, we tell them to focus on three key areas. First, great employee experience is absolutely vital. Your internal tools must be easy to use, automating mundane tasks so that they can focus on what’s important.

Second, consider empowering your people with the freedom to choose how, when, and where they work. And finally, work with purpose. What is the company’s social stance?

Does your organization support environmental good? And most importantly, are they actually making a difference? Now, these things sound easy, but you can’t stand out in the war for talent by using the strategy of the past. When your values match your employees’ values, that’s transformation done right.