Tectonic market shifts are transforming the global business landscape. Economic realignment, advances in technology, globalization of markets, changing demographic trends, new customer needs, and increased competition are radically altering how companies operate in virtually every industry and region of the world. Evidence of this new world order is dramatically reflected in trade numbers. In 1990, the total of the world’s exports and imports accounted for only 30% of the world’s GDP—today, they make up more than half. These structural shifts are reshaping both the supply and demand for talent across the globe.
To cope with a changing business environment, employers are demanding new skills from their employees, yet often find they are in short supply. The paradox is profound: On the one hand, 40 million workers in the industrialized world are unemployed, according to recent estimates by the International Labor Organization. Yet executives and managers tasked with hiring new workers often say they are unable to find the right people with the proper skills to fill their key vacancies.
The Talent Mismatch
The talent mismatch between where talent is most needed and where it will be most available—is not likely to evaporate soon. Managing this skills gap in the developed world and recruiting appropriate talent in the emerging economies will become vital tasks for global firms in the future. In the developed world, where talent shortages in a number of managerial and technical fields are expected to persist, companies will be forced to think more explicitly about the trade-offs between outsourcing work, offshoring staff and retraining workers. Similarly, decisions about where to locate new centers of innovation, product design, or advanced engineering facilities may become focused on geographies not previously considered by the C-suite.
The ultimate call for harnessing opportunities—Atmanirbhar Bharat With a 1.3 billion population, inclusive of around 400 million millennials, the world is looking at India to be the flag bearers of socio-economic growth. Self-reliance on indigenous 5G technology, cybersecurity, renewable technology, and manufacturing set-ups across defence, electronics, and healthcare among others can help India become the enabler of international trade and take the lead in supply and exports. This could be made possible through collaborative efforts from the government, industry, and private sector. Further, government support to indigenous manufacturers and towards attracting talent in the technology arena will amalgamate to form a strong, self-reliant India.
The Journey of a thousand miles begins with a single step and in India’s case; “Self-reliance” will be the ticket to enter the league of global superpowers. For now, it is time for us to take the plunge, shrug off the painful memories of this setback and make a grand, well-planned comeback.
We are a global tech recruiting platform that brings gamechangers - businesses and talent - together
These are exciting times for technology. Today technology is pushing the boundaries of human possibility. Technology is working towards making life better across the world by accelerating social and financial inclusion. It has taken on the critical task of making people and the planet healthier.
This is also the time when India is emerging as a global technology hub and when e-governance is expanding the scope and scale of what technology can do.
This is also the time when technology companies are on the look-out for outstanding talent with the rarest of skillsets, talent that can help them realize their vision.
WE SCOUT THE WORLD FOR YOUR TALENT REQUIREMENTS AND HELP YOU REALIZE YOUR GOALS
We co-founded this company with a vision to build a platform that enables talent across geographies to explore opportunities around the globe and move to those geographies seamlessly. With decades of experience in dealing with complex talent acquisition problems, we’ve helped enterprise customers & start-ups in crafting their global talent acquisition strategy.
Keen to work with you in solving your talent demand problems and addressing your near term and long term requirements.