More people, more places, more talent
As you know, there are now over 7 billion people on the planet. A lot of them are very smart and just like you and me in terms of their skills, abilities and aspirations. Many of them want to be management consultants or other worthy, well-compensated professionals. In other words, they want your job. So, is there really a “war” on for talent? I think the war is over and the law of large numbers might have won it. The simple fact is there are more people, in more places, with some measure of skills, ability and HUNGER to compete than ever before. Short of a world calamity or major setback – which could of course happen – this trend will persist indefinitely. As such, I’m mentally prepared for a workplace where there is an abundance of ideas and talent available. The trends we see firmly rooted in the West (and I don’t mean Alberta or BC) are actually taking hold all over the world. Even China is outsourcing to other places! I find the HSBC ads very instructive. There is “too much” of everything available – and that includes smart people. When that happens and persists, we in the knowledge capital business have to become even tougher and faster to win. Of course, you may completely disagree with me and I would enjoy the banter, but either way: what do you think we should be thinking about and doing differently to either fight the “war” better, “retreat” as needed, or figure out the next “battlefield” and get ready?
Paul
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Paul Held
Managing Partner, Consulting
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