CERTIFIED May. 2014 | Page 40

IN THE NEWS the recurring war for talent By Margaret Brown The war for talent continues to challenge HR professionals so we asked three certified HR professionals to share their thoughts . on the causes and how to combat them T he “ war for talent ” or the “shrinking talent pool” has been in the news regularly and refers to the lack of qualified candidates available to fill jobs today and to fill openings projected for the future. The vulnerable industries are as diverse as banking, engineering and truck driving. At a recent Air Force Association conference, a speaker noted that more than half of the United States’ elite military engineers and scientists are eligible to retire, and there aren’t significant numbers of young science, technology, engineering and math specialists to take their place.1 Whatever one chooses to call it, this is a recurring and troubling refrain for HR departments around the globe. I asked several certified HR professionals to weigh in on the topic. William Tincup, Senior Professional in Human Resources (SPHR®), CEO of Tincup & Co. and co-host of DriveThruHR, said the war for talent is a real problem that organizations need to approach strategically. “The Great Recession of 2008 masked our talent problems,” Tincup explained. “Finding software engineers in Silicon Valley is near impossible. Finding truck drivers in rural Arkansas is equally impossible. Talent shortages are all over 38 CERTIFIED 2014: Volume I the place. … We need to determine how we’re going to replenish our talent pools ... offshore, outsource, harvest talent, free agent talent, etc. We need to think of talent management like we do portfolio management.” John Baldino, SPHR, president of Humareso, also mentioned the Great Recession as H