Common to many publications about the future of the global workforce is the alarming notion of global demographic changes. Specifically, despite a growing global population, the future prospects indicate that the population in developed countries is aging, which means that the working population is shrinking. As a recent Ernst &Young report on business trends shows, […]
Follow-up on emerging markets: The war for talent
Scarce local talent in emerging markets tops mobility challenges according to the recent Mercer HR & Mobility Challenges of Emerging Markets Survey. Echoing these findings, the latest article in McKinsey Quarterly, the business journal of McKinsey & Company, posits that ‘competition for talent in emerging markets is heating up’ which the authors attribute to two main reasons: scarcity of local talent, and reluctance of parent country managers to go abroad.