In the 21st century managers have to understand the economic landscape in a much bigger dimension because the Global Economy ignores territorial borders, it has its own dynamic, its own logic. It can't be stopped and affects everything - companies, politicians and most of all common citizens.
Conventional economic theories have lost their validity in many areas. New definitions are necessary to depict the complexity of the world economy.
We have to learn to live with the Global Economy because our personal and professional success will depend on developing a new world view, creating a new relationship with the outside world and see it as a chance not as a danger.
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2010-06-10 The Talent Gap Question
Managing Demographic Drivers
Bildquelle: istockJeff Joerres, Manpower Inc. Chairman and CEO, emphasized that Europe needs to channel immigration to its economic advantage, rather than placing sweeping curbs on migrants that further reduce the pool of skilled young workers and prevent European businesses from competing in the global marketplace. "Immigration, education and mobility are more closely intertwined than ever before. As the world has gotten smaller, each of these needs to be addressed," said Joerres. "A plan needs to be implemented to address these three factors as a single issue. Shifting demographics in Europe necessitate the right kind of immigration so companies can access the talent they need to increase innovation, growth and, ultimately, job creation."
Millions of jobs remain unfilled across the continent, with the situation set to worsen as the global economy continues to improve and available workforces in most labor markets shrink due to aging populations. The panel looked at measures European countries can take to increase the volume of highly-skilled workers through intelligently-managed immigration and improved training programs to supply the market with skills in high demand.
Joerres explained that there needs to be an individual focus as workers look at where their skill-set is most needed and want to go where the work is. He also commented that a combination of the individual's motivation and government's support smoothes the transition between education and the world of work.
"Given that talent is elusive - it is everywhere and nowhere - companies also need to look at the people they already have within their organization and decide if they possess some of the requisite skills that can be developed to fill talent gaps in other areas of the organization," added Joerres. "Internal mobility programs should be pursued to promote the cross-fertilization of ideas and commitment by all employees to the global mindset of the company."
Joerres also stressed that mindsets need to change to regard well-managed immigration as something to be embraced rather than feared. The contributions of highly-skilled immigrants enhance countries' productivity and competitiveness and improve the quality of a workforce.
"This issue requires a bold policy from governments that encourages the type of migrants who can make a positive contribution to the host country and bring with them the skills that continue to elude employers," said Joerres. "Well-managed immigration drives economies and businesses, while improved education and training will create a better match between the talent employers are looking for and the talent available."
Possible Stop of H-1B Visa Hirings
Suspended hiring of foreign professionals
Business calls for EU deal on visas for skilled immigrants
The U.S. could lose top talent
Unlike the US, the EU seems to be welcoming foreign professionals.
U.S. firms fear Europe will snatch up foreign tech workers
The European Union's new proposal aimed at fast-tracking the immigration process for workers in
The Great Tech Worker Divide
Is there really a labor shortage, or are tech companies lobbying Congress for more visas and green cards simply to avoid paying Americans better wages?
One of the most important concepts you will ever encounter in the job-hunting process is that of transferable job skills. But - what are transferable skills?
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Database with international job exchanges
There is a worldwide database with job pools here in the club - sortable by sectors, countries or continents.
Moving into an era of the globalisation of the skilled labour market
With a labour shortage looming, cities worldwide would compete for skilled and talented people. Countries such as China, which had stemmed its birthrate through the one child policy, were heading for a shortage of labour within a decade. But it's not just Asia, also Germany, Italy, the Netherlands - even the UK will face a shortage.
Generation Y - those born from 1976-1991 - would be particularly targeted by overseas companies and we are moving into an international war for talent - hand to hand combat on a city by city basis to recruit, retain and attract the best talent at a generation Y level. The aspirational, talented generation Y will naturally flow towards these centres.
(Bernard Salt, a partner in accounting firm KPMG at the Asia Pacific Cities Summit in Brisbane, August 2007)
The Future of Work
Source: Robert Thomas, executive director, Accenture Institute for High Performance
The Future of Work
Global abundance but local scarcity of talent
Fewer young workers and more older workers
Rising demand for new skills with growing deficits in basic skills
More diverse workforces and more distributed workforces
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