How to acquire and retain high quality talent in 2023

Talent, the world’s most valuable commodity, has been difficult to find for the best part of one generation. Even before Covid-19, when profits were up and capital was footloose and fancy-free, bosses fretted that talented workers were in short supply. Part of the problem may lie with how the word is defined in the first place. Is talent a concept saved for workers with an innate ability, for example turning a P/L around or inventing a revolutionary technology, or is it merely tantamount to brainpower and the capacity to think creatively?

About the event

Just how scarce "talent" has become can be observed in the recent drop of productivity, a way to quantify how much employees contribute to an organisation’s results. The latest data suggest that productivity has fallen sharply between 2021-2022. Unfortunately, there is little sign that 2023 will be any different. That matters greatly, because higher productivity is the greatest driver of GDP growth and more take-home pay. This particularly should matter to companies where the trendy scourge of "quiet quitting" has taken hold.

In Japan, CxOs are equally fidgety. Employees are changing jobs at a record pace (about 33% of new college graduates leave after three years) and companies are struggling to respond to increasing demands for flexible hours and working locations. Furthermore, a weakened currency and stagnant wage growth make it less likely that talent will be seeded from abroad —only 0.025% of Japan’s workforce is foreign-born. How can business leaders respond to the talent shortage? What lessons can be learned from other companies’ experience? What can executives expect as new working trends take hold despite the economy’s apparent downward turn in 2023? Join us at this event where we bring together some of Japan’s most experienced business leaders to discuss how to acquire and retain talent this year.

Speakers

The Honorable Masahiko Shibayama

Former Minister of Education, Culture, Sports, Science and Technology and Member of House of Representatives

Yohei Shibasaki

Founder and CEO of Fourth Valley Concierge Corporation

Vivian Tokai

Director, North Asia of Economist Intelligence Corporate Network

Jordan Jarjoura

Head of Talent Capabilities at Meshd

Justin Scarpone

Senior Vice President & General Manager, Asia Pacific at Scopely Inc.

Agenda

Times below are shown as GMT+9

08:00 – 08:20 – Registration, Networking, and Breakfast

08:20 – 09:30 – Discussion

Event Details

Venue

The Westin Tokyo

1-4-1 Mita Meguro-ku, Tokyo, Japan

Contact

If you have any questions about this event, or joining EICN please send an email to ecn_northasia@economist.com

Register

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