Practising Talent Mobility for Economic Growth. June 16th, 2011
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1 Practising Talent Mobility for Economic Growth June 16th, 2011
2 Population Growth
3 Talent Shortages Map 2020 / 2030 Strong talent shortage trend Talent shortage trend Low/no shortage trend Strong employability challenge Medium employability challenge In collaboratio Talent gap trend n with 2010 '20 the Boston 2010 '30 Consulting Group In collaboration with the Boston Consulting Group Note: Color codes based on compound annual growth rates of talent supply and demand by 2020 and 2030 Source: The Word Economic Forum Talent Mobility project; BCG analysis
4 Our Mission The World Economic Forum is an independent international organization committed to improving the state of the world by engaging business, political, academic and other leaders of society to shape global, regional and industry agendas. Incorporated as a not-for-profit foundation in 1971, and headquartered in Geneva, Switzerland, the Forum is tied to no political, partisan or national interests.
5 Talent Mobility environment million new jobs needed by 2015 to absorb the growth in labor force 230 million Chinese migrated from countryside to cities in recent years 214 million international migrants worldwide 205 million unemployed globally 101 million children do not have access to education By 2030 Europe will need to add 46 million employees, USA 25 million workers, to sustain current level of economic growth 40 % countries have not equally included women in the workforce 34% employers experience difficulties filling positions due to lack of available talent... is interconnected
6 Mapping connections among Drivers Source: World Economic Forum Global Agenda Councils Survey
7 Interdisciplinary Talent Mobility Project scope Scope of the Talent Mobility project includes: Moving people across countries Moving people across occupations Moving people within an organization Moving jobs to people Moving youth to employment Extending and diversifying talent pools Fostering brain circulation Improving employability Job creation Virtual mobility Workforce planning Workforce development & training
8 Relationship between the Global Competitiveness Index and the Global Gender Gap Index 2010 Source: Global Gender Gap Index 2010 and Global Competitiveness Index
9 Strong link between availability of talent within a country and its competitiveness Global Competitiveness Index National competitiveness captured by the Index is defined as a set of institutions, policies, and factors that determine the level of productivity of a country Global Talent Index The index measures a country's potential for producing talent and conditions necessary to realize this potential In collaboration with the Boston Consulting Group R2 = 0.63 Source: World Economic Forum - The global competitiveness ranking ; Heidrick & Struggles; Economist Intelligence Unit; BCG analysis
10 Talent Demand trends 2020 / 2030 In collaboration with the Boston Consulting Group 1. Excluding Agriculture, Other services 2. According to expert interviews no upper secondary or tertiary education required. Includes agricultural and fishery workers, low skill plant and machine operators, element. occupations and armed forces. 3. CAGR = Compound annual growth rate for labor demand Note: Industry split and occupational clusters derived from ILO systematic; Source: Laborsta; OECD; The Boston Consulting Group analysis CAGR 3 > 4% > 2% 0 2% < 0%
11 Examples of Talent Mobility Good Practices The Indian government acknowledges the importance of the nation's diaspora Malaysia Puts a Premium on Training, Matching and Migration The Immigrant Employment Council of British Columbia, Canada (IECBC) helps employers access the full potential of immigrated workers. GlobalScot taps the talent of leading Scots and friends of Scotland, to establish a worldwide network of influential individuals who can benefit the nation. N
12 Where to find all this information? Global Talent Risk Report: Global Gender Gap Report: Global Education Initiative: Global Agenda Councils, Issues & Drivers Mapping: (or contact Thank You
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