Macro Talent Management: A Global Perspective on Managing Talent in Developed Markets

This chapter analyzes Finland’s rapid transition to a knowledge economy and the challenges that the country is facing today from a macro talent management (TM) perspective. The Global Talent Competitiveness Index (Lanvin & Evans, 2017) is used to analyze Finland’s ability to attract, develop and retain human capital. Positive features that differentiate TM in Finland from other countries are discussed - the emphasis on social mobility and egalitarian development as well as the close collaboration around TM between key stakeholders. The country’s drawbacks at a time when technology (digitalization, automation, robotics and artificial intelligence) is changing the talent scene are explored, notably the constraints of Finland’s relatively rigid labor market and its challenges in external talent attraction.