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Magdalena Velciu and Liliana Grecu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2017, vol. 11, issue 1, 633-637

Abstract: In the new competitive world of work, labour market is changing. Managers and specialists from business, economics and education know that skills and talents are critical to innovation and competition in knowledge-intensive economies. Skill and talent mismatch become one of the new milestones of modern companies because in the future, success seems to be “a talent battle”. At national level, the shortage of well qualified workforce and competence mismatches emphasizes the imbalance. In companies, employers' difficulties consist of both finding and keeping skilled employees, and more in identifying, attracting and developing talented young people who can fill the competitive gap. In this paper we intend to design the actual international competition for talent and high-skilled workers versus Romania’s experience and contributing factors. While, in Romania, many young people are determined to study abroad and build a career in foreign companies, companies are facing a lack of skilled workforce and talent shortage and looking for new alternatives, organizing trainings inside their organizations, or recruiting talent among students and graduates. This work meant to be a warning to Romania's managers and decision-makers for strengthening the human development, lifelong learning framework and for attracting young well-trained graduates and high-skilled workers that can lead Romanian companies to a competitive advantage.

Keywords: high-skilled workers; talent shortage; competition (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:rom:mancon:v:11:y:2017:i:1:p:633-637