As the U.S. presidential election draws closer and the policy discussions and debate continue at a brisk pace, we’re examining the connection between public policy and talent. The gap between talent supply and demand is growing in this country. By now you know the issues and perhaps have experienced them firsthand: Shortages in skilled workers; a graying workforce; increasing competition for talent on a global scale; and a relatively short shelf-life for technical skills, making it difficult, but imperative, for workers in all types of jobs to keep up. America’s competitive advantage is also slipping. In the past five years, the U.S. has fallen from first to seventh place in the World Economic Forum’s Global Competitiveness Report.
Can a purposeful focus on talent reverse the slide? We think so, but it will mean reframing existing policies in a number of areas. Three major policy issues—education, employment regulation and immigration—are commonly associated with talent development. Three additional policies, however—foreign investment, unemployment insurance and intellectual property—are rarely examined through the talent lens. All of these policies dramatically affect U.S. talent competitiveness.
Deloitte’s new study, Brawn from brains: Talent, policy and the future of American Competitiveness, looks at each of these policies from a talent perspective and offers ideas for reform. For example:
These six policy areas are just the beginning. Virtually every domain of public policy ranging from the criminal justice system to urban policy, from trade policy to financial regulation, can contribute to or hinder a talent development agenda. If the U.S. is serious about winning the war for talent, our policy choices can provide a decided strategic advantage.
|William (Bill) Eggers is a director for Deloitte Research, Deloitte Services LP and is responsible for research and thought leadership for Deloitte’s Public Sector industry practices. He is the author of numerous books on government reform and has advised dozens of cities, states and foreign countries and trained hundreds of public officials on government restructuring.|
|John Hagel III is the co-chairman of the Deloitte Center for the Edge. He has nearly 30 years’ experience as a management consultant, author, speaker and entrepreneur and has helped companies improve their performance by effectively applying information technology to reshape business.|