Companies face global shift in supply and demand of talent
18 July 2012
Businesses around the world are currently experiencing a far-reaching market shift that will impact the supply and demand for skilled talent over the next decade, finds newly released research.
Wed, 18 Jul 2012
Businesses around the world are currently experiencing a far-reaching market shift that will impact the supply and demand for skilled talent over the next decade, finds newly released research.
The study, from research and advisory firm Oxford Economics in partnership with professional services company Towers Watson among other partners, interviewed 352 HR professionals worldwide.The full report, which is available online, reveals a race between technology and education as technology fuels demand for highly skilled workers, while emerging economies increase the supply of talent through greater access to education.
blogs.oef.com/globaltalent2021
It shows that while labour shortages are projected in a number of mature markets, a surplus is likely to be seen in emerging economies such as Brazil, Colombia, India and South Africa.
Arvinder Dhesi, UK director of talent & organisation at Towers Watson, says: “The dynamic changes in global economics and ever-evolving technology necessitate that companies rethink how they address their shifting talent needs. Some of these changes run counter to what most companies have been experiencing in various markets.
“These new realities make it incumbent on HR executives to consider new and creative ways to access talent across the globe.”
Businesses around the world are currently experiencing a far-reaching market shift that will impact the supply and demand for skilled talent over the next decade, finds newly released research.
The study, from research and advisory firm Oxford Economics in partnership with professional services company Towers Watson among other partners, interviewed 352 HR professionals worldwide.The full report, which is available online, reveals a race between technology and education as technology fuels demand for highly skilled workers, while emerging economies increase the supply of talent through greater access to education.
blogs.oef.com/globaltalent2021
It shows that while labour shortages are projected in a number of mature markets, a surplus is likely to be seen in emerging economies such as Brazil, Colombia, India and South Africa.
Arvinder Dhesi, UK director of talent & organisation at Towers Watson, says: “The dynamic changes in global economics and ever-evolving technology necessitate that companies rethink how they address their shifting talent needs. Some of these changes run counter to what most companies have been experiencing in various markets.
“These new realities make it incumbent on HR executives to consider new and creative ways to access talent across the globe.”
