The term “War for Talents” refers to the intense competition among companies for highly skilled and talented professionals. In times of skill shortages, companies must make increased efforts to attract, retain, and develop the best talents. Coined in the early 2000s, the phrase has gained significance over time.
The “War for Talents” underscores that highly qualified employees have become a crucial competitive factor for companies. This competition is evident in various aspects, including attractive compensation packages, innovative work environments, targeted training opportunities, and the creation of a positive corporate culture to attract and retain talents long-term. The term emphasizes the need for companies to take proactive steps in their HR strategy to succeed in the global competition for top talent.