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The Mismanagement of TalentEmployability and Jobs in the Knowledge Economy$
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Phillip Brown, Anthony Hesketh, and Sarah Williams

Print publication date: 2004

Print ISBN-13: 9780199269532

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199269532.001.0001

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The Promise

The Promise

Chapter:
(p.1) 1 The Promise
Source:
The Mismanagement of Talent
Author(s):

Phillip Brown

Anthony Hesketh

Sara Williams

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199269532.003.0001

The shift from an industrial economy to a knowledge-based economy gives rise to the value of intelligence and talent as employers focus on diversifying their talent pools. Governments around the world find ways to enhance the employability of their workforces by expanding access to higher education, disregarding social barriers, utilizing human creativity and enterprise, and other such measures. The challenge is not the limited supply of managerial and professional jobs, but the assurance that the workforce has access to high-waged jobs that require high skills. The socially disadvantaged are now preparing for opportunities for high skilled employment, but without a guarantee. In analysing this ‘promise’, the study makes use of interviews with six organizations from both the public and private sectors to obtain information regarding their competitive strategies, human resources, and recruitment processes. Also, sixty graduates are interviewed and their recruitment into these organizations is observed.

Keywords:   knowledge-based economy, talent, employability, high-skilled employment, competitive strategies, human resources, recruitment

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