In today’s knowledge-driven economy, people are a business’ most important asset and its prime driver of profitability and competitive edge.

Although somewhat dated, little demonstrates this better than the 1997 McKinsey & Co study that coined the term ‘war for talent’. McKinsey’s research, including surveys of 13,000 executives at more than 120 businesses and case studies of 27 leading companies, unearthed compelling evidence that better talent management leads to better performance.