Open Talent Economy

Insights

The Open Talent Economy

People and work in the borderless economy

Welcome to the open talent economy — a collaborative, transparent, technology-enabled, rapid-cycle way of doing business. Supported by an array of megatrends ranging from globalization and mobility to social business and analytics, employers and employees now seek each other out on a playing field that is broader and more level than ever before.

Talent is no longer a mere business expense, but an asset to be invested in — and measured.

The Open Talent Economy introduces a framework to guide talent strategy that brings together three components:

  • External influencers (the global megatrends, along with regional and industry trends)
  • Talent investments (the strategies, programs, and infrastructure solutions available to an organization)
  • Business performance (the measurable business and talent outcomes of the investments an organization has chosen)

The framework also recognizes that talent strategy isn’t only about your workforce or the mass of available talent, but also about individuals—each at a different stage of their career and lifecycle as an employee. The ways you acquire, develop, reward, and retain these individuals will vary according to the openness of your strategy.

The open talent economy is open for business—step inside and have a look.

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