The global talent deficit is real and is projected to increase for the next 50 years. Until 2010, overall growth in the US labor force has been sustained by importing foreign workers and by members of the Generation Y joining the workforce. However, if we begin to examine the US market since 2008, we shall see that the US workforce growth rate has plummeted to near 0 and it is projected to remain there well into 2030-2050.
In fact, labor shortages have begun to grow across the country in a broad range of employment sectors, leading to what some employers have described as wage inflation. Resulting in employers, competing for talent in critical job categories.
This challenge is not just affecting the US---Canada, Europe and Latin America are feeling the pain as well. As RPO providers, creating and maintaining a talent pipeline for clients in high job growth sectors in these regions will be a challenge at best.
Many would argue that this is due to the global economy and the fact that companies are concentrating on lean operations. However, there are indications that something deeper is taking place, resulting in a talent deficit in key job areas.
This presentation will identify & examine a few of the root causes creating this trend and it will review key strategies that RPO providers can implement within their practices to assist their clients.
In addition, we will examine the current business climate, the talent pool, and the outlook for the future, then look at how the three major forces-demographics, globalization, and the education-to-employment system—are affecting talent demands across the globe.
Who Should Participate
HR/RPO professionals that provide advisory services related to talent acquisition and retention.
What You Will Learn
1) Practical approaches to holistic talent pipeline development; 2) How to develop an integrated approach to acquisition and retention of talent in high job growth areas 3) Effective methodologies for learning how to create public/private partnerships for sourcing talent.
Talent Sourcing in the 21st Century
The Pheonix Advisory Group