Finding Talent
1. High competition for skilled workers
o Many companies compete for the same qualified people, especially in IT,
engineering, and healthcare.
o Example: Tech giants like Google, Microsoft, and startups all competing to hire
the best AI engineers.
2. Limited candidate pool
o Not enough people with the right skills for specialized jobs.
o Example: Shortage of cybersecurity experts worldwide, making it hard to fill
security roles.
3. Skills mismatch
o Graduates often lack the practical skills employers need.
o Example: Fresh graduates in business may know theory but lack digital marketing
or data analytics skills required by companies.
4. Rising recruitment costs
o Attracting and hiring talent requires higher salaries, recruitment agencies, or
special programs.
o Example: A company spending large amounts on LinkedIn ads or hiring agencies
to find IT specialists.
Retaining Talent
1. High turnover rates
o Employees frequently leave for better pay or growth opportunities.
o Example: Call centers often face turnover because employees move to better-
paying jobs quickly.
2. Low employee engagement
o Employees feel undervalued, disconnected, or unrecognized.
o Example: Workers who never receive feedback or recognition may lose
motivation and leave.
3. Limited career growth
o Lack of promotions, training, or skill development leads to frustration.
o Example: A software developer leaving a company because they see no path to
becoming a team leader.
4. Poor work-life balance
o Excessive workload and stress push employees to quit.
o Example: Employees in consulting firms often leave due to long hours and lack of
flexibility.