Talent Economics: The Fine Line Between Winning and Losing the Global War for Talent [NOOK Book]

Overview

This book looks at the circumstances surrounding talent today. It also asks business leaders to step back and understand the global talent landscape, before translating this understanding into strategy. It is in this area that economic inquiry as a disciple can be invaluable to human resource management, as simply put - economics is the ...
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Talent Economics: The Fine Line Between Winning and Losing the Global War for Talent

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Overview

This book looks at the circumstances surrounding talent today. It also asks business leaders to step back and understand the global talent landscape, before translating this understanding into strategy. It is in this area that economic inquiry as a disciple can be invaluable to human resource management, as simply put - economics is the study of how the forces of supply and demand allocate scarce resources.

Talent Economics is an interdisciplinary viewpoint, which seeks to bring workforce analysis, management practice and strategy together.


The specific aim is to spark greater inquiry and understanding of -

1. The Macro talent realities of supply and demand within a country's labour force.

2. The Micro talent trends which help us understand how the 21st century employment relationship is changing.
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Editorial Reviews

From the Publisher

"Finally a business book I read cover to cover. Talent Economics is a good blend of intriguing and relevant data, with practical approaches to creating talent strategies that are relevant to both large globally dispersed corporations and smaller locally contained companies. As I was reading I was immediately thinking of ways to apply some of the strategies to my current challenges at making talent management more real and impactful in my organization. Simple concepts for an increasingly complex world - my kind of book." --Timothy Huiting, Director, People and Organization Capability, Microsoft

Talent Economics is a very intuitive book, which makes for a very easy and enjoyable read. Full of rich knowledge as well as sound advice, it is something most managers should keep within reach.” --Sheetal Singh, Assistant Professor of Management, George Washington University

"With Talent Economics, Nagpal joins the ranks of Ram Charan and the authors of Winning with Transglobal Leadership, as go-to knowledge leaders for businesses looking to increase their presence in an ever-changing global economy." --Soundview Executive Book Summaries

"Covers trends across countries with respect to corporate governance, economic development, population growth fertility rates, gender and age, and educational assessment. These macro talent considerations add perspective to corporate decision making. ...Summing Up: Recommended. Upper-division undergraduate students through faculty, researchers, and professionals." –CHOICE

"In a perpetual global war for talent, it is easy to get lost in the daily skirmishes. In Talent Economics, Gyan Nagpal accomplishes two rare things....provides a global battle plan and the specific tactics that can translate into success in today's high growth markets. Truly, this book is an important addition to the talent conversation." --Rebecca Ray, Senior Vice President and Head, Global Human Capital, The Conference Board

"This book is astonishing in its breadth and scope. It is a thoroughly entertaining read, filled with real life case studies and nuggets of historical fact." --Govind Karunakaran, Chief Executive Officer, grupokaybee

"This book will be particularly valued by those working in multi-cultural and multi-national enterprises. It looks at both broad concepts and ideas and gets into the detail of tackling the issues." --Christopher Bennett, Director, BPA Australasia & Board Member, Center for Non-Profit Leadership

“Not just for human resource experts, this book is an essential addition to any leader’s bookshelf. An organization’s people are its ultimate strategic weapon, and Gyan Nagpal shows you how to build and deploy an exceptional workforce.” --Professor Philip Anderson, INSEAD Chaired Professor of Entrepreneurship.

“This book allows the reader to navigate the talent markets of the future with confidence and creativity. It is a most valuable read for business managers and HR practitioners alike.” --Dr. Martin Moehrle, Managing Director & Global Head of Talent, UBS

"[A] great read and I highly recommend this book for business leaders and HR leaders alike." --Abhishek Mittal, Management Consultant

Director, People and Organization Capability, Microsoft - Timothy Huiting

"Finally a business book I read cover to cover. Talent Economics is a good blend of intriguing and relevant data, with practical approaches to creating talent strategies that are relevant to both large globally dispersed corporations and smaller locally contained companies. As I was reading I was immediately thinking of ways to apply some of the strategies to my current challenges at making talent management more real and impactful in my organization. Simple concepts for an increasingly complex world - my kind of book."
Assistant Professor of Management, George Washington University - Sheetal Singh

Talent Economics is a very intuitive book, which makes for a very easy and enjoyable read. Full of rich knowledge as well as sound advice, it is something most managers should keep within reach.”
Executive Book Summaries - Soundview

"With Talent Economics, Nagpal joins the ranks of Ram Charan and the authors of Winning with Transglobal Leadership, as go-to knowledge leaders for businesses looking to increase their presence in an ever-changing global economy."
CHOICE

"Covers trends across countries with respect to corporate governance, economic development, population growth fertility rates, gender and age, and educational assessment. These macro talent considerations add perspective to corporate decision making. ...Summing Up: Recommended. Upper-division undergraduate students through faculty, researchers, and professionals."
Chief Executive Officer, grupokaybee - Govind Karunakaran

"This book is astonishing in its breadth and scope. It is a thoroughly entertaining read, filled with real life case studies and nuggets of historical fact."
Director, BPA Australasia & Board Member, Center for Non-Profit Leadership - Christopher Bennett

"This book will be particularly valued by those working in multi-cultural and multi-national enterprises. It looks at both broad concepts and ideas and gets into the detail of tackling the issues."
INSEAD Chaired Professor of Entrepreneurship - Professor Philip Anderson

“Not just for human resource experts, this book is an essential addition to any leader’s bookshelf. An organization’s people are its ultimate strategic weapon, and Gyan Nagpal shows you how to build and deploy an exceptional workforce.”
Managing Director & Global Head of Talent, UBS - Dr. Martin Moehrle

“This book allows the reader to navigate the talent markets of the future with confidence and creativity. It is a most valuable read for business managers and HR practitioners alike.”
Management Consultant - Abhishek Mittal

"[A] great read and I highly recommend this book for business leaders and HR leaders alike."
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Product Details

  • ISBN-13: 9780749468491
  • Publisher: Kogan Page, Ltd.
  • Publication date: 12/3/2012
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 208
  • Sales rank: 1,242,061
  • File size: 3 MB

Meet the Author

Chief Executive Officer, PeopleLENS Global Associates; Senior Fellow - Global Human Capital at the Conference Board; and professional member of the NTL Institute.
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Table of Contents

Acknowledgements
About the author

Introduction

01 Complexity, economics and 21st-century globalization
The world as we know it today
Globalization – through the rear-view mirror
The wall that rewrote economics
Tiger economies and the new global landscape
Consuming itself out of poverty – the Indian rebirth
Age-old Chinese wisdom
The world in 2020
No longer an option
The state of current strategy
Technology ubiquitousness in a wired world
Virtual custom
Virtual work
Talent commoditization – a supply shift

02 Purposeful leaders and innovation
A leadership quandary
The search for new inspiration
A Trojan surprise
21st-century leadership purpose
Innovative cultures
Employee genius
Every industry has a thought leader
Inspired leaders

03 Talent economics
A competition of equals
The heavyweight has new challengers
The need for a strategic shift
This isn’t the HR department’s job, it’s yours
Clear the ownership confusion
Talent economics offers a fresh perspective
Interdisciplinary thinking

04 Macro talent economics
The big picture puts challenges in perspective
Avoiding the talent trap
Every explorer needs a map and compass
Aggregate global talent
The past 60 years
The next 40 years
An African sunrise
The global workforce
Beyond winning and losing, it’s participation that counts
A choice we made
The fertility factor
Young talent entering the workforce 2010–20
An older and wiser world
Age issues of a different kind
Working beyond retirement
An increasingly dependent world
Gender economics
The future CEO pipeline
A goal can make all the difference
Generational shifts
A recent convergence
The US interpretation
Generational tipping points
China
India
Japan
An imperative for global managers
Future talent – through the crystal ball
Sputnik revisited
A case of political will
Your future managers, scientists and engineers
On to further education
A business opportunity
Management proficiency
A world apart
Beyond the degree – quality matters more
Corporate governance and sustainability

05 Micro talent economics
From open door to open plan
A foundational shift
1. Focus on finding the right talent
2. Build unconventional entry points for talent
3. Poach your talent before the competition does
4. Create an expansive mindset
5. Open the window – think outside-in
6. Help innovation thrive – create organizational flow
7. Measure and grow cerebral engagement

06 21st-centruy talent strategy
The current state of talent strategy
Step 1 – Diagnosis
The local economic environment
The supply of external talent available to your business
The quality of external talent available to your business
The maturity and market share of your business
Your market standing as an employer
Your internal talent demography
Your current management maturity
Your flow circumstances
Your innovation index
Your growth and change agenda
Your business strategy
The 11 continuums reveal your priorities
Step 2 – Invest in strategic priorities
Professional investments
Aspirational investments
Interventional investments
Transformational investments
Step 3 – Ownership and focus
Create your coalition
The role of HR, strategy and other corporate functions

Epilogue

The talent economics toolkit
Macro talent economics – data sources
Micro talent economics – applying the concepts
21st-century talent strategy

References
Further reading
Index

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Sort by: Showing 1 Customer Reviews
  • Posted February 8, 2013

    I bought Talent Economics it at Heathrow and had finished most o

    I bought Talent Economics it at Heathrow and had finished most of it by the time I landed in New York. I was transfixed by how every page seemed to generate a new insight, most of it out of information we have all read  somewhere or the other. 
    Genius is putting the jigsaw together so it starts forming a clear picture . I feel every British business owner with more than 10 employees must read this book.

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