Businesses rely on talent to generate and sell value. Without skilled people to create its products, manage its operations and execute its strategies, a business would inevitably fizzle out of the game and leave better-staffed competitors to take the field.
This is the reason why ambitious companies go great lengths to attract top talent, shelling out millions of dollars in the process and bending traditional work policies just to bring highly skilled but demanding candidates into the fold.
Clearly, the contours of business are changing. But so are the demographics of work.
Millennials have become the dominant generation in the job market in terms of population, and some have already transitioned into leadership roles. Most millennials consider opportunity to learn and grow more important than overall compensation.
Companies also today expect employees to come equipped with razor sharp business acumen.