Could a decade-long war for talent be looming? 

Board directors and executives are expecting to continue having issues recruiting and retaining talent until 2031, Fortune reported Dec. 13. 

A new report from Protiviti surveyed 1,453 C-level executives and board members about the top short-term and long-term risks from now until 2031. 

The top three risks for 2022 were stated as pandemic-related government policies, succession challenges and market conditions. The top three risks for 2031 were cited as upskilling employees, succession planning and disruptive innovation. Out of the top 2022 risks, seven had a people component, and six risks had a people component in 2031.

"This increases the need for HR to have a strategic lens into the organization," said Fran Maxwell, global lead of workforce and organizational transformation at Protiviti. He also said that talent challenges are "pervasive throughout all industries and organizations right now."

Labor costs were also identified as a top risk for 2022. The worker's market is expected to drive up wages in the coming years as it helps the economy recover. This could indicate a continual drive for talent.

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