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Global shift in employee talent on the horizon

Filed under: Recruitment General — Jonathan on July 26, 2012

Businesses the world over are seeing a far-reaching shift in the market that will influence the availability and need for skilled trade over the following decade, says new research. The shift is expected to benefit those with technology-based skills, as that is the direction in which the needs of business are moving. Budding professionals seeking cyber security jobs and other such vacancies could soon find their skills increasing in demand.

The study, conducted by research and advisory company Oxford Economics alongside Towers Watson, a professional services firm, among others, looked to a total of 352 international Human Resources professionals.

The report in full is accessible online and uncovers a race taking place between education and technology. Demand for more highly skilled employees is being fuelled by technology at the same time as emerging economies are increasing talent supply through more access to education.

Towers Watson Director of Organisation and Talent, Arvinder Dhesi, told Recruiter:

“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.”

The report further shows that although there are projections of labour shortages in certain mature markets, there is likely to be a surplus in emerging economies such as South Africa, India, Columbia and Brazil.

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