My Republica

Anne-Marie Slaughter/Monica Chellam

The contributor for Republica.
news@myrepublica.com

The War on Talent

Published On: January 27, 2020 09:42 AM NPT By: Anne-Marie Slaughter/Monica Chellam

WASHINGTON, DC – In the 1950s, during a very tight postwar labor market, American business executives voted Human Resources (HR) the most glamorous area in business. As Wharton School professor Peter Cappelli recounts, “90% of positions (and virtually all those in the top ranks) were filled from within—and 96% of large companies dedicated an entire department to planning for workforce needs.” When companies need talent, he argues, the prestige of HR goes up; when labor markets go slack, HR returns to benefits administration.