Employers have to create a talent advantage by building long-term relations with high potentials, from initiating early contacts with young, prospective employees to capitalizing on rehiring former employees. Rehiring will also increase the return on investment in the training and development of employees.

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Business schools, employers, and students all win when the very companies that hire new graduates provide much-needed feedback on the skills that incoming hires lack and play a role in the reevaluation of academic programs.

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The Global Talent Competitiveness Index (GTCI)  measures the performance of countries across the world on their talent competitiveness, i.e. their ability to attract, develop and retain talent. The top-ranked 20 countries in the  shows countries need both skill sets – global knowledge and vocational – to build a cutting edge, knowledge-based society, a complex undertaking that in some cases relies on strong educational traditions, and in others on immigration policies.

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Co-mentoring : It’s obvious that co-workers of different generations offer each other the chance to learn new and varying skills—for instance, younger workers can offer senior staff members tips and knowledge on technology, and senior workers can share deeper industry knowledge or offer advice on negotiation and benefits.

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Organizations are required to evolve their mindsets to serve the demands of the new millennium.

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