Future talent acquisition and management trends must focus on attracting talent back to emerging economies whilst recruiting from a larger pool of diverse individuals.
Companies in Malaysia and other counties around the world need to start waking up to the challenge of attracting and retaining talent before it is too late. According to a report by Hays, the need for talent within certain sectors in Malaysia, notably information technology, is set to rise and companies that want to succeed need to respond – now.
The so-called ‘brain drain’ affecting firms in Malaysia has been attributed to the loss of talent to businesses operating in other countries. A strategic approach to acquisition will therefore need to motivate skilled individuals to return to Malaysia, in addition to stemming the exodus.