If you gave me two kilograms of the finest, freshest Korean cabbage, and asked me to make kimchi with it, we’d have a problem. I think it involves spicing and burying, but that’s about it. However, I have Korean friends who know how to make it perfectly, without having to look at a recipe or follow any instructions.
But what does making kimchi have to do with HR?
Well, in an increasingly globalized, multi-generational, business environment, managing your supply of the right talent is really just about finding particular skills when and where you need them. One day it might be kimchi-making, the next it will be another skill or talent.
The trouble is, the supply-demand equation that underpins the employment market has changed. And now, HR professionals have to get to grips with managing a new ‘talent’ supply-chain.
This shift is what some call ‘talentomics’. It’s really just my shorthand for ‘the economics of talent’, but it takes in a range of factors that are making it more difficult to find the talent you need, when you need it.
This blog is an extract of "Talentomics - 9 Ways HR Must Adapt to Find Talent", a new free whitepaper on the challenges of a new talent supply chain.