Today, HR teams seek to recruit talent from an increasingly mobile and global pool of people.
Population and economic trends mean that demand for talent outstrips supply in some countries. The results of the latest Global Talent Index benchmark the talent environment across 60 different countries – and shows how talent potential in 2015 compares with 2011.
The report by Heidrick & Struggles, Economist Intelligence Unit, states that companies are positive about their ability to attract skilled people. There is, however, concern that talent wars could be reignited.
The report summarises an analysis of 60 countries plus 441 interviews with senior executives. Three key findings result:
1. Confidence in Securing Talent
Just over 70% of surveyed executives were “highly” or “somewhat” confident of being able to attract and retain key workers over the next two years. Most were satisfied with recent recruiting (66%). Asia represented a sizeable minority of unsatisfactory recruitment.
2. Employee Development
Where talent is not available locally, many organisations are recruiting ‘prospective talent’ and honing this potential into the skills they need. 50% respondents said that the budget devoted to employee development has increased in the last two years.
3. Level of Creativity
The most worrying skills shortfall in new and potential recruitment is the inability to creatively overcome challenges – to ‘think on their feet’. This is experienced in Asia and Latin America more than other areas.
Global Talent by Location
The top countries producing and attracting talent in the Global Talent Index 2015 are:
1. United States
10. Hong Kong
(United Kingdom is ranked in 12th place.)
Whilst most of the top ten represent very stable economies, the top risers and fallers of 2015 are:
• Top three risers: Canada, Chile, Turkey
• Top Three fallers: Azerbaijan, Greece, Venezuela
Global organisations must find the balance between relocating personnel and recruiting/developing local talent to make sure that the required skills and aptitudes are available within the workforce. International relocations offer a flexible, efficient solution that improves and quickens local productivity whilst offering quality career opportunities and relocation support
to the assignees involved.
“It’s interesting to see which countries offer the most local potential to organisations,” says Kevin Wieczorek, Sales & Marketing Director of BTR International. “BTR International operates across the world and countries vary greatly in their customs requirements and living options. If you have queries about supporting international assignments
, just ask. We’re happy to talk”
Kevin can be contacted via
or +44 (0) 1582 495495.
Image courtesy of jscreationzs at FreeDigitalPhotos.net