How Companies Can Avoid Getting Left Behind in the Talent Wars

In Daniel Gross’ article regarding strategies, he addresses some of the ways a company can avoid being irrelevant in a world of constant change. He speaks of the Federal Reserve releasing new guidelines on their policies as well as their recent analyze of the motion of the economy and how it is currently operating. In addition, he presents some of the trends that the Federal Reserve has noticed that have been on a steady rise.

Key Takeaways:

• The Fed noted that wage pressures were rising in certain regions
• As 8.7 million payroll jobs were axed between December 2007 and February 2010, the unemployment rate nearly doubled in the same period, from 5 percent to 9.8 percent
• In July 2009, there were 6.6 unemployed people for every job opening in the U.S

“The Fed noted that wage pressures were rising in certain regions, “with a staffing contact in Richmond noting that firms that have not increased their wages have been left with the least-skilled employees.””

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