You will hear a short lecture. Write a summary for a fellow student who was not present at the lecture. You should write 50 – 70 words. You have 10 minutes to finish this task. Your response will be judged on the quality of your writing and on how well your response presents the key points presented in the lecture.
Talent is premium and there is a war for talents in 1990’s because of the talent shortage. Companies and countries are recruiting young talented people from different countries and sending young people to universities. Some young people immigrated after they graduated from the university. They compete with the local students. Countries and organizations should put talents at the primary positions. The collapse of loyalty makes employees happy to change their workplace because of the higher income. There are three reasons: first, the change of nature of economy leads to increase in the talents demand and need skills. Second, the shrinking labor force after the baby-boom causes less supply of skilled workers and the retirement of baby-boomers will cause a shortage of experienced workers. Third, there is also a mismatch between what schools are producing and what companies need.