Competition for Top Talent Heats Up in 2007

2007 Talent Wars: Competition for top talent is fierce and expected to heighten in 2007, according to a new survey. Applicant tracking system maker Cytiva Inc. of Vancouver, British Columbia, found that HR directors are viewing three potential solutions: 27 percent say they’ll improve retention programs, 20 percent will concentrate on improving their applicant tracking systems, and 15 percent plan to rely more on employee referrals. Less than 2 percent plan to outsource their recruiting function. The survey should be read with some caution, however: Cytiva is a vendor of applicant tracking software.