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Solving the Talent ShortageBuild, Buy, Borrow and BridgeTALENT SHORTAGE SURVEY2018With record talent shortages around the world, employers should shift their focus from just in time hiring strategies to becoming builders of talent for today and tomorrow. Developing the right blend of people, skills, processes and technology is the only way to execute your business strategy, create value and improve peoples lives.With new assessments, big data and predictive performance we have the best tools to identify adjacent skills, help people shift into emerging roles and create clear career paths.For individuals, the appetite for learning and continuous upskilling will be the route to better employment security. For organizations, creating a culture of learnability so that people are equipped and open to adapt to move within the company or elsewhere is not just an operational imperative it must be a strategic priority.In this Skills Revolution this is how we will find solutions to talent shortages, accelerate growth and help people build new skills for sustainable, meaningful careers for the long term.Jonas Prising Chairman in order to attract and engage the best and brightest, HR needs to be a master marketer.BUY2To win in the digital age an effective talent strategy should have four parts: build, buy, borrow and bridge. Build your talent pipeline, buy skills where necessary, borrow from external talent sources and bridge people with adjacent skills from one role to another to complement existing skills.BUILD, BUY, BORROW AND BRIDGE: OVERCOMING TALENT SHORTAGES IN THE FUTUREBUILD12BUY3BORROW4BRIDGEInvest in learning anddevelopment to growyour talent pipeline Cultivate communities of talent outside the organization, including part-time, freelance, contract and temporary workers to complement existing skills Go to external market to find the best talent that cannot be built in-house in the timeframe required Help people move on and move up to new roles inside or outside the organization
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