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The talent war

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  1. Position Paper
  2. Report
    1. Need for talents: causes
    2. Consequences
    3. Upstream solutions
    4. Downstream solutions

The world is changing, globalization and Information Technology (IT) has brought large competition and. In addition, we are facing a 'talent shortage' due to demographic facts and changing behaviours. Investing in the human capital is now the key success factor to stay competitive in this environment. The notion of 'human capital', is defined by Gary Becker in his book 'Human Capital' as 'similar to physical means of production like factories and machines'. However, each author has his own definition of the notion 'Human capital'. Peter Husz in 1998, defined it as 'the time, experience, knowledge and the abilities of an individual household or a generation, which can be used in the production process'. Whatever the definition we pick, it is essential to understand that 'Human Capital' is becoming a competitive advantage.

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