Building Virtuous Cycles: Winning Strategies for Talent in Asia

National competitiveness can be driven by many factors. Increasingly, skills and talent often play a crucial role.

Human capital and talent has become paramount for organisational competitiveness. In the 1990s, organisations began to view the upper echelons of human capital as producing the most value based on their superior skills and education. This view resulted in more strategic ways of identifying and developing talent. McKinsey coined the term “War for Talent” in the late-1990s to capture companies’ increased competition for talent. In the last few years, practitioners like Josh Bersin from Bersin at Deloitte suggested that the war is over and “talent won” meaning that skilled employees are...

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