Talent is premium and there is a war for talents in 1990’s because of the talent shortage. Companies and countries are recruiting young talented people from different countries and sending young people to universities. Some young people immigrated after they graduated from the university. They compete with the local students. Countries and organizations should put talents at the primary positions.
The collapse of loyalty makes employees happy to change their workplace for higher income. There are three reasons: first, the change of nature of economy leads to increase in the talents demand and skills needed. Second, the shrinking labor force after the baby-boom causes less supply of skilled workers and the retirement of baby-boomers will cause a shortage of experienced workers. Third, there is also a mismatch between what schools are producing and what companies need.
Significantly focusing on the fact which is mentioned is talent shortage and companies should put talents at the primary position. One of the reasons for that is the retirement of baby boomers; moreover, it is caused by the collapse of loyalty where employees change their jobs more frequently. Finally, it can be stated that the third reason is the mismatch between what schools are producing and what companies need.
