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Secretary of Defense
Corporate Fellows Program
FINAL REPORT
MCKINSEY & COMPANY, LLP
his paper will attempt to answer that question.
The War for Talent exists in many different forms with no cookie-cutter solutions to help solve the problem. One thing is for sure – money or compensation is not the overarching solution to the problem. Companies must establish value propositions attractive enough to draw top talent from new talent pools and/or existing talent pools. The challenge for the Defense Department is to identify the key levers to use in order to establish a viable proposition while at the same time solving public relations issues that have become impediments to recruiting and retention of key personnel. Included in the paper is an analysis of the War for Talent from the private sector and Defense Department perspectives with some proposed actions to help resolve the problem.
McKinsey was a gracious host and provided a work environment that was only bounded by my own initiative. Despite the busy schedules of the partnership and support staff, they went out of their way to make me feel at home and to accommodate my research. I must admit I was most impressed by the expertise of the consulting staff; they are truly some of the most talented young people I have ever had the opportunity to work with. I thank McKinsey & Company for sending me to firm training at the Mini-MBA and Basic Consulting Readiness, without which I would have been totally lost. This has been a rewarding year – new problems and new problem solving techniques, new experiences and new memories, new friends and new adventures.
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McKINSEY & COMPANY
McKinsey & Company describes itself in McKinsey & Company, Inside and Out – An Introduction to the Firm, as a management-consulting firm. Founded in the United States in 1926, it was not the first consultant on management, but its approach was very different from the management “engineers