Global Recruiting Trends

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ERE Webinar from 4/12/11, presented by Raghav Singh.

ERE Webinar from 4/12/11, presented by Raghav Singh.

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Transcript

  • 1. Raghav Singh"GLOBAL 
RECRUITING TRENDS"
  • 2. NO T!  The World is Flat"
  • 3. Hot Spots"
  • 4. Help Wanted"
  • 5. Winners and Losers" OUTLOOK" 2011" Employers Planning Hires!India, Mexico! 81%"Australia! 79%"UAE! 75%"China! 74%"Singapore! 72%"US! 71%"France, Italy! 55%"Spain! 33%"Germany, Ireland! 31%"Source: The Economist"
  • 6. Winners and Losers" OUTLOOK" 2011" Whoʼs Hiring!Luxury Goods! 75%"Energy! 74%"Automotive! 71%"Healthcare! 71%"Engineering, Construction! 69%"Internet, eCommerce! 65%"Media, Advertising! 35%"Aerospace, Defense! 31%"Pharmaceuticals! 29%"
  • 7. Global Talent Risks

Supply-Demand 
Imbalances"
  • 8. Supply-Demand Imbalances" Rank" Employability " Country" 2010 - 20" Challenge"Germany" 1"Japan" 2"Spain" 3" Moderate"US" 4"Canada" 5"Italy" 6" Moderate"France" 7"Russia" 8" Moderate"Australia" 9"South Korea" 10" Moderate"Turkey" 11" Severe"China" 12" Severe"UK" 13"Norway" 14"Brazil" 15" Severe"Singapore" 16"Mexico" 17" Severe"South Africa" 18" Severe"India" 19" Severe"Poland" 20" Moderate"Source: World Economic Forum 2011"
  • 9. Supply-Demand Imbalances" 2010 - 2020 Developed Industry BRIC CountriesMining 0% - 2% >4%Manufacturing >4% >4%Utilities 0% - 2% 2% - 4%Construction 0% - 2% >4%Trade >4% >4%Hotels 2% - 4% 0% - 2%Transportation >4% 2% - 4%Finl. Svcs. 2% - 4% 2% - 4%IT >4% 2% - 4%Public Admin 2% - 4% 2% - 4%Education 2% - 4% 2% - 4%Healthcare 2% - 4% 2% - 4% Source: World Economic Forum 2011"
  • 10. Causes of Imbalance - China"Annual growth in demand for talent 5%"through 2020"Required annual spending on education" 4%"(% of GDP)"Actual annual spending" 2.7%"Annual spending gap" $65 billion"
  • 11. Causes of Imbalance – Western Europe"Annual growth in demand for 3%"talent through 2020"Annual growth in supply of talent" 0% - 1%"
  • 12. Causes of Imbalance – BRIC"Proportion of technical talent that 70%"is fully qualified"Proportion of managerial talent 30%"that is fully qualified"
  • 13. Mitigating the Risks

Regional Responses"
  • 14. A World of
Options"
  • 15. Bring Them Home …"
  • 16. … But Home Grown Preferred"
  • 17. China - Brain Gain"Thousand Talents Program" Ø Professors in famous foreign universities ! Ø Technical and management personnel holding senior positions in international corporations! Ø Entrepreneurs with full intellectual property rights to certain technologies!Ø  Each participant gets! Ø 1 Million Yuan (US $ 150K)! Ø  Pension! Ø  Healthcare!
  • 18. China - Reversing Brain Drain"Ø  Policy change (2001): from “huiguo fuwu” (return to the country) to “weiguo fuwu” (serve the country)! Ask not what your country can do for you. 问 你 为 60%" 么 50%" 40%" 30%" 20%" Return rate of 10%" Chinese students" 0%" 2000" 2002" 2004" 2006" 2008" 2010"
  • 19. Share of Immigrant Skilled Talent"80%"70%" United States"60%"50%"40%"30%" EU"20%" Australia/New Zealand"10%" Canada" 0%" 1999" 2001" 2003" 2005" 2007" 2009" Source: OECD "
  • 20. Best "Practices"
  • 21. What Attracts People to a Job"Emerging Economies Brazil India China Mature Economies Germany UK USCareer Advancement 1 1 1 Competitive Salary 1 1Competitive Salary 2 Convenient Work Location 2 2Challenging Work 3 Sufficient Vacation 3 2Learning and 2 3 Challenging Work 1DevelopmentOpportunitiesCompetitive Benefits 3 2 Flexible Hours 3 Competitive Healthcare 3 Towers-Watson Survey 2010
  • 22. China"Ø Consider third and fourth tier cities!Ø Hire “Local-Plus”"Ø Details, details, details (in job descriptions)"!
  • 23. China - Reaching Candidates"FaceBook Clones:!Ø Renren!Ø Kaixin001!Ø Qzone!Ø 51.com!
  • 24. India"Ø Focus on “learnability” when hiring"Ø Screen, screen and screen some more"Ø Offer an “international” career"Ø Focus on Women""!
  • 25. India - Social Media"Ø  Major metro areas represent 40% of traffic!Ø  Majority of active users are in the age group 15 – 24!Ø  Majority are college grads!Ø  80: 20 (Male: Female)!Ø  Social media users represent 60% of Indian online users!
  • 26. India - Reaching Candidates" Network" Size" Orkut! 18 million! Facebook! 17 million! Linkedin! 8 million! Ibibo! 5 million! Twitter! 4.5 million! March 2011!
  • 27. India – Reaching Candidates"Ø Mobile phones have more reach!Ø 98% of professionals!Ø Low cost - $0.002 per text message!
  • 28. Talent Gateways"Ø Partnering with Schools"Ø Internships"
  • 29. Brazil"Ø Severe shortage of talent"Ø High turnover – 40% annually"Ø Candidates pay a fee to apply"!
  • 30. Brazil"Ø Relationships"Ø Employee Referrals"Ø Hierarchies"Ø Location-specific talent pools"!
  • 31. Mining for Talent"
  • 32. Enlist Governments" COUNTRY" PROGRAM" TALENT"Germany! Perspective 50Plus! Seniors!Germany! Jobstarter! Funds vocational training!South Africa! SANSA (South African Network of SA Diaspora! Skills Abroad)!European Union! New Skills for New Jobs! Professionals!India! Ministry of Overseas Indian Affairs! Professionals!Quebec! Mutual Recognition of French Professionals! Professional Qualifications!British IECBC (Immigrant Employment! Immigrants!Columbia! Council of British Columbia)!
  • 33. Go Beyond the Obvious" COMPANY" PROGRAM" TALENT"Siemens AG! GLOW (Global Leadership! High potential women in Organization of Women)! developing countries!GE! Talent Spotting! Mentoring Women in Arab Countries!Infosys! Campus Connect! College Students!ABB Schweiz AB! 58+! Older workers can work as consultants!Google! Women in Engineering Indian Women Engineers! Awards!
  • 34. Questions?"