Talent wars: The struggle for tomorrow's workforce

The war for talent is intensifying. In the developed countries of the world, businesses are finding it increasingly tough to recruit and retain skilled employees. Aging populations are only part of the problem. Even where the workforce continues to grow, as in the US, the gap between the skills companies need and those being provided by educational institutions is widening. Developed-country firms, moreover, are now facing stiff competition for the best people from an unlikely source—emerging markets.