Talent mobility: the future of labor market

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Talent mobility: the future of labor market

Postby vnmanpower » 31 Aug 2015, 08:38

Technology development and globalization create a huge opportunity to erase the national boundaries for a career path.
The talents will find the best work environment to boost themselves. According to a survey of PwC, the global mobility levels in the workforce have increased by 25 percent in the last 10 years and predicts a further 50% growth by 2020.

*** Panorama Picture
The population movement due to economic affection has been inevitable for hundreds of years from the merchants, traders and craftsmen in the 17th and 18th centuries to the analysts, technicians and teachers of the 21st.

The Boston Consulting Group has conducted a survey with 200,000 workers and found that, on average, 64% of the world’s working adults would consider taking a job in overseas, which in just a few years ago, a high number of workers said a workplace close to their home is in the list of priorities. And Another PwC study indicated that 71% of younger generation said they wanted and expected an overseas assignment during their career and viewed it as a path to making this a reality.

*** The advantage of the movement trend
We will analysis the advantages of talent mobilization in 2 different aspects: workers and companies

For the labor : With a careful prepare, working abroad could be a turning point of your life in a positive meaning. You will have the chance to learn a new language, gain insight into a new culture, improve your communication skills. Not just that, if you are an executive, you possibly will be paid a higher wage comparing when you work in your country, it also a combination form of working and traveling with experience your personal growth.

For company: This trend is an opportunity to diversify company's human resources, choose the best employees from all over the world and build a multinational culture, which is a challenge requiring a better leader skill at the managers when they have to prepare yourselves a certain amount of knowledge about different cultures and etiquettes as well the way to assemble their employees together as a strong collective.

On the other side, emigration also has a good impact on boosting trade for their home nations and foreign exchange rotation.

*** The hurdles have to face
This global phenomenon often referred to as a ‘brain drain’, is now a big issue especially for the developing country. Facing an enable ever-increasing talent mobility when an entire new generations try to seek their fortunes in countries more conducive to their career advancement. As an illustration, In Israel where emigrating still keeps some historic social stigma, not to mention the cost of living and the scarcity of postgraduate roles has led to 7% of this country population choosing to live in oversea. To avoid it, a country or company should create favorable conditions to attract the talent as well as concentrate on improving the quality in infrastructure, company culture, not just the quantity.

Whether this trend in labor market includes some good and bad impacts, you can’t deny that talent mobility has opened another phenomenon - our workforces empowered by technology would switch from a closed, localised and top-down model to one that is both open, international, offer nations, communities, individuals a variety of economic trajectories and driven by everyone. It’s only up to the “landing place” choice of each and every one of us.
Ms. Lana | General Director- Vietnam Manpower Service and Trading JSC
lana@vnmanpower.com | +84949594116 | http://vnmanpower.com
vnmanpower
 
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Joined: 14 Jul 2015, 07:45
Area of interest: Manufacturing Engineering

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