Senior economist Behnoush Amery analyzes the implications and effects of COVID-19 on the future of work and the labour market, while also discussing the megatrends that are appearing.
Executive Director Steven Tobin was a keynote speaker at the Growing Your Workforce Conference hosted by Workforce Planning West and Learning Networks of Western Region.
US Technology Outlook | Minneapolis | JLL | 2016Carolyn Bates
The Minneapolis-St. Paul metro has a unique mix of technological innovation across very diverse industries, including life sciences, retail, and food. Meanwhile, national VC firms have been branching outside of medical devices (MSP’s traditionally strongest tech cluster) when seeking investment opportunities, including local solar panel manufacturers and “Internet of Things” apps. As awareness of MSP’s highly-productive tech economy grows, new occupiers (particularly from more costly real estate markets) will continue to enter the market either via acquisitions or strategic expansion into the Midwest.
Claire Lelarge - What productivity impact to expect from high-speed rail infr...OECD CFE
Presentation by Claire Lelarge, RITM Université Paris-Sud, Paris, France at the OECD Workshop on Spatial Dimensions of Productivity, 28.28 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Alexander Lembcke - Roads, market access and regional economic development OECD CFE
Presentation by Alexander Lembcke, OECD at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Broadband expansion in France from 1997-2007 led to an increase in firm-level imports. Local access to broadband internet increased small and medium firm imports by around 25% after 5 years. This implies that without broadband expansion, French imports over 2001-2007 would have been around 15% lower. The effect was driven by firms importing from more countries and product categories with no change in spending per import. Imports of capital goods saw larger effects than other goods, suggesting broadband raised productivity. Around 25% of the total estimated consumer welfare gains from broadband in France can be attributed to increased imports.
1) Productivity growth has declined since the 1990s across many countries and regions like the OECD, US, and Euro area.
2) There is a growing gap between the most productive "frontier" firms and the rest, with frontier firms increasing productivity much faster.
3) Rising inequality in countries over this time period may be lowering skills development and contributing to weaker productivity and income growth overall. Win-win policies that boost both productivity and inclusiveness are needed.
Philip McCann - Cities, Regions & ProductivityOECD CFE
This document discusses several paradoxes and puzzles regarding common assumptions about cities, regions, and productivity. It summarizes recent evidence that challenges some of these assumptions, such as: not all cities display a productivity premium; larger cities are not always more productive or resilient; the link between productivity growth and wage growth is weakening; regional re-allocations and innovation diffusion are not universally driving growth as assumed; and urban economic models based on land prices and population growth do not always apply given population declines in some cities. The document examines how the experiences of European cities both support and contradict some textbook frameworks.
This document discusses productivity in cities and the role of metropolitan governance. It finds that larger cities tend to be more productive due to agglomeration effects from sharing resources and thicker labor markets. However, administrative fragmentation in metropolitan areas can reduce productivity by hindering coordination, and is linked to increased income segregation and urban sprawl. The establishment of metropolitan governance bodies can help internalize externalities, reduce sprawl, and increase citizen satisfaction with public services like transportation. Overall, good governance is important for maximizing the benefits of agglomeration and improving performance in metropolitan areas.
Executive Director Steven Tobin was a keynote speaker at the Growing Your Workforce Conference hosted by Workforce Planning West and Learning Networks of Western Region.
US Technology Outlook | Minneapolis | JLL | 2016Carolyn Bates
The Minneapolis-St. Paul metro has a unique mix of technological innovation across very diverse industries, including life sciences, retail, and food. Meanwhile, national VC firms have been branching outside of medical devices (MSP’s traditionally strongest tech cluster) when seeking investment opportunities, including local solar panel manufacturers and “Internet of Things” apps. As awareness of MSP’s highly-productive tech economy grows, new occupiers (particularly from more costly real estate markets) will continue to enter the market either via acquisitions or strategic expansion into the Midwest.
Claire Lelarge - What productivity impact to expect from high-speed rail infr...OECD CFE
Presentation by Claire Lelarge, RITM Université Paris-Sud, Paris, France at the OECD Workshop on Spatial Dimensions of Productivity, 28.28 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Alexander Lembcke - Roads, market access and regional economic development OECD CFE
Presentation by Alexander Lembcke, OECD at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Broadband expansion in France from 1997-2007 led to an increase in firm-level imports. Local access to broadband internet increased small and medium firm imports by around 25% after 5 years. This implies that without broadband expansion, French imports over 2001-2007 would have been around 15% lower. The effect was driven by firms importing from more countries and product categories with no change in spending per import. Imports of capital goods saw larger effects than other goods, suggesting broadband raised productivity. Around 25% of the total estimated consumer welfare gains from broadband in France can be attributed to increased imports.
1) Productivity growth has declined since the 1990s across many countries and regions like the OECD, US, and Euro area.
2) There is a growing gap between the most productive "frontier" firms and the rest, with frontier firms increasing productivity much faster.
3) Rising inequality in countries over this time period may be lowering skills development and contributing to weaker productivity and income growth overall. Win-win policies that boost both productivity and inclusiveness are needed.
Philip McCann - Cities, Regions & ProductivityOECD CFE
This document discusses several paradoxes and puzzles regarding common assumptions about cities, regions, and productivity. It summarizes recent evidence that challenges some of these assumptions, such as: not all cities display a productivity premium; larger cities are not always more productive or resilient; the link between productivity growth and wage growth is weakening; regional re-allocations and innovation diffusion are not universally driving growth as assumed; and urban economic models based on land prices and population growth do not always apply given population declines in some cities. The document examines how the experiences of European cities both support and contradict some textbook frameworks.
This document discusses productivity in cities and the role of metropolitan governance. It finds that larger cities tend to be more productive due to agglomeration effects from sharing resources and thicker labor markets. However, administrative fragmentation in metropolitan areas can reduce productivity by hindering coordination, and is linked to increased income segregation and urban sprawl. The establishment of metropolitan governance bodies can help internalize externalities, reduce sprawl, and increase citizen satisfaction with public services like transportation. Overall, good governance is important for maximizing the benefits of agglomeration and improving performance in metropolitan areas.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
Delivered at the Winter meeting of the Mayor's Innovation Project, this presentation considers the questions that regions should answer in order to understand their unique opportunities for economic growth.
Alexandert Himbert - Trade facilitation and spatial patterns of economic acti...OECD CFE
Presentation by Alexandert Himbert, OECD at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Carlo Lavalle - From place of residence to place of activity: Emerging data a...OECD CFE
Presentation by Carlo Lavalle, Joint Research Centre, European Commission at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
The document discusses a presentation on metropolitan business planning for the Milwaukee 7 regional economic development collaboration. It provides an overview of the drivers of the modern economy, including the importance of knowledge assets, human capital, and technology. It then analyzes key factors for metropolitan economic growth, including industry clusters, workforce skills, innovation capacity, and business dynamics in the Milwaukee region. Specific areas for further examination are identified, such as defining regional industry clusters, skills mismatches, barriers to business startups, and strengthening the commercialization of university research.
This document summarizes a presentation on the relationship between productivity growth and wage growth in selected OECD countries from 1986 to 2010/2013. It finds that in many countries like the US and Germany, productivity grew faster than median wages, leading to a productivity-wage gap. This gap can be explained by factors like rising inequality between average and median wages, differences between data sources, declining labor shares of income, and changes in labor's terms of trade. Addressing these issues is important for social inclusion and maintaining public support for productivity-enhancing policies.
Economic Place-making: How to Develop a "Neighborhood Business Plan"RWVentures
Developed as part of a two-day training for planning and implementation grantees from HUD's Choice Neighborhoods program, this presentation walks through the logic and structure of a new approach to comprehensive neighborhood economic development: "neighborhood business planning." It begins by describing the changes taking place in the knowledge economy, which present opportunities for metropolitan areas and especially urban neighborhoods, and suggest a new approach: neighborhood business planning. The presentation then offers a framework for understanding neighborhoods as dynamic systems whose economic function is to develop and deploy their assets into larger markets.
"Originally developed as a two-day training for HUD Choice Neighborhood program grantees, this presentation was delivered to grantees from NeighborWorks America's Catalytic Grant Program. The training presents the rationale and structure of a new approach to comprehensive neighborhood economic development: ""neighborhood business planning."" After walking through the effects and implications of the transition to the knowledge economy, the presentation provides a framework for seeing neighborhoods as dynamic systems whose role in the economy is to develop and deploy assets (e.g., workers, businesses) into larger markets.
An overview of neighborhood types and their unique roles within regions follows, along with data on the typical trajectories of different neighborhood types. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) show how the development of neighborhood goals, market analysis, strategies and initiatives can create neighborhoods of opportunity in connection with their region. Local-facing issues like housing, retail and other amenities are examined in relation to their effect on creating neighborhoods of choice that certain populations are attracted to, influencing a neighborhood's type and trajectory. The presentation concludes with an overview of the most comprehensive application of neighborhood business planning to-date: the Greater Chatham Initiative."
Executive Director Steven Tobin was the opening keynote speaker at the 31st Annual Futures Conference hosted by First Work, discussing AI and automation.
Positioning Your Neighborhood for Economic DevelopmentRWVentures
This document outlines strategic development scenarios for redeveloping an underutilized site owned by the Casey Foundation in Atlanta. Four scenarios are presented: a regional distribution hub, a mixed white/blue collar business services hub, a blue-collar innovation hub, and a mixed-use food development. Tradeoffs of each are analyzed based on job creation, quality and accessibility; market viability; connectivity; and catalytic potential. Three scenarios - a mixed B2B hub, blue-collar innovation hub, and mixed-use food development - were prioritized. A developer has been selected to create a final development scheme integrating priorities around jobs, sustainability, connectivity, and leadership.
Retail in Context: Observations from ColumbusRWVentures
Delivered by RW Ventures, Chicago TREND and the Columbus Metropolitan Housing Authority, this pair of training sessions were designed to help communities pursuing retail, industrial land use, small business or other economic development projects think more strategically about how those efforts can align with and leverage other local development activities. The morning session used a case study from Columbus to illustrate how the viability of a retail project can be informed and enhanced by interrelated strategies to revitalize the surrounding neighborhood. The afternoon session used an industrial land redevelopment case study from Atlanta to explore how to connect regional industrial opportunities to neighborhood assets and development - sometimes referred to as "economic place-making."
The Role of Production Factor Quality and Technology Diffusion in 20th Centur...Structuralpolicyanalysis
The document analyzes productivity growth in advanced economies over the 20th century. It finds that:
1) Total factor productivity (TFP) growth explains most GDP growth since 1890, but TFP is a residual and its measurement is imperfect.
2) Adjusting TFP to account for improvements in labor and capital quality, as well as technology diffusion of electricity and ICT, provides a better explanation of productivity growth patterns.
3) However, even after these adjustments, technology cannot fully explain productivity growth waves like the "One Big Wave" in the US, suggesting other factors like management practices and financing techniques contributed as well.
The South Bend presentation was delivered at the first ever South Bend Economic Summit, co-hosted by the Mayor of South Bend, and the heads of the Chamber of Commerce of St. Joseph County and the Corporate Partnership for Economic Growth.
This document discusses productivity in Brazil and identifies several challenges:
1) Productivity growth has stagnated in Brazil over the past 30 years, making gains even more important as demographic growth slows.
2) Misallocation of resources is an issue, with too many small, low-productivity firms and capital allocation becoming less productive in recent years.
3) Improving service sector productivity is key given its large share of the economy, though traditional services remain much less productive than modern sectors.
The Impact of New Technologies on Jobs and their Effects on Local Economies -...OECD CFE
The document discusses the impact of new technologies on jobs and local economies. It notes that while technologies are often touted as improving productivity and living standards, they can also hollow out middle-level jobs, increase income inequality within and between regions, and exacerbate urban-rural and regional divides. Brexit and populist votes in Europe have been influenced by discontent over these geographical economic disparities. The challenges of institutions, governance, and distribution must be addressed for technology to benefit society as a whole.
Jonathan Timmis - Cloud computing and firm growthOECD CFE
Cloud computing leads to different impacts for young and incumbent firms. For young firms (<5 years), cloud adoption increases employment but has limited effect on productivity. Incumbent firms (>5 years) experience no scale or productivity effects from cloud; instead they reorganize activity by closing plants and moving employment further from headquarters. Fiber broadband rollout, which enables higher cloud adoption, is a determinant of which plants incumbent firms choose to close. The study finds cloud may alleviate financing constraints for startups and lead to geographic dispersion of activity.
The art of interpreting signals (precursors of trends) is - and always has been - important in navigating financial markets and economies. If you are an experienced manager or executive who wants to manage their career and/or job search processes wisely, look at the signals of the job market which are inseparably embedded in the VUCA landscape of today's world.
Before there are trends, there are signals which we usually keep to ourselves. But these are not usual times, so we decided to share those market signals by the end of each week. If the country / context is important, we’ll add them. Otherwise, we’ll keep it general for confidentiality.
Collected Quotes from CEOs and HR Directors
The vast majority of executives are with market leaders in their respective industries. By default, the board members are members of local boards; if not, we’ll indicate the exception.
IT: We weren’t directly in danger because of the pandemic, but were expecting some difficulties nonetheless. Our salaries were cut by 20% and we noted a two month sales decrease. It wasn’t a great loss – compared to last year, sales dropped only by a few percent.
Biotech: We were involved in building a start-up until March, when all activities had to be suspended.
And candidate quotes:
Global Executive Director / Software Market Leader / Asia: COVID-19 had affected the business in a very negative way. Face to face meetings are extremely important in Asia, but during the pandemic they could only be held through Skype, which prevented the finalization of many projects. I have seen that many recruitment processes were frozen, which made it impossible for me to move to another region.
If you want to discuss your professional situation confidentially or if you are considering hiring Career Angels for support, contact Bichl.Sandra@CareerAngels.eu who will personally match you with the most appropriate consultant. For efficiency, add your CV and availability for a Skype call.
If you want to contribute, email your signals to Sandra (everything will be kept confidential).
The art of interpreting signals (precursors of trends) is – and always has been – important in navigating financial markets and economies. If you are an experienced manager or executive who wants to manage their career and/or job search processes wisely, look at the signals of the job market which are inseparably embedded in the VUCA landscape of today's world.
We’ve continued reaching out to CEOs, HR Directors, investors, board members and candidates that we know personally, to take the temperature. Below you’ll find their shortened quotes in no particular order.
Building Materials: We haven’t experienced any visible changes so far, but the next year could bring some potential challenges.
Pharma: It’s been a very good time for our company, we’ve seen more sales and clients.
Publishing: As conferences, webinars and e-books are now more popular than ever, the center of business gravity has been moved online. This resulted in a decrease in physical distribution and, in consequence, lower turnover and lay-offs.
Media: Closed theaters and cinemas resulted in more interest in digital solutions. The sales model had to be changed.
If you want to discuss your professional situation confidentially or if you are considering hiring Career Angels for support, contact Bichl.Sandra@CareerAngels.eu who will personally match you with the most appropriate consultant. For efficiency, add your CV and availability for a Skype call.
If you want to contribute, email your signals to Sandra (everything will be kept confidential).
1. Productivity in public services is difficult to measure compared to private sector services due to the lack of market forces and profit motives. Measuring quality and effectiveness is even more challenging but important.
2. The Finnish Tax Administration improved productivity over 25 years through digitalization, which streamlined processes, reduced personnel needs despite increasing tasks, and saved citizens 8+ million hours annually filling out pre-filled online tax forms.
3. Management and leadership are crucial for public sector productivity according to the Finnish experience, as they guide strategy, understanding of the organization's purpose, and productivity improvements through changes to processes, organization, skills, and laws.
This year’s new extended version of the 'Cities of Influence' report reviews 50 major European economic hubs and ranks them based on their occupier attractiveness, availability of talent, and quality of life factors alongside economic output and productivity.
http://www.colliers.com/en-gb/emea/research
LMIC's Behnoush Amery, Michael Zusev and Graham Dobbs presentation on labour market megatrends and the future of work at the Information and Communications Technology Council (ICTC)'s Digital Future Summit.
The document outlines RCS MediaGroup's business plan for 2016-2018. The plan has three key objectives: ensure sustainable economics, value RCS assets through business transformation, and set strong foundations for future growth. To achieve these, the plan focuses on eight actions, including persistently reducing costs while protecting investments, stabilizing revenues and margins of print/web/mobile products, selectively investing in high-potential areas, exploiting scale in technology, optimizing the value chain through print industry consolidation, dismissing non-core assets, simplifying the organization, and continuously monitoring execution.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
Delivered at the Winter meeting of the Mayor's Innovation Project, this presentation considers the questions that regions should answer in order to understand their unique opportunities for economic growth.
Alexandert Himbert - Trade facilitation and spatial patterns of economic acti...OECD CFE
Presentation by Alexandert Himbert, OECD at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Carlo Lavalle - From place of residence to place of activity: Emerging data a...OECD CFE
Presentation by Carlo Lavalle, Joint Research Centre, European Commission at the OECD Workshop on Spatial Dimensions of Productivity, 28-29 March 2019, Bolzano.
More info: https://oe.cd/GFPBolzano2019
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
The document discusses a presentation on metropolitan business planning for the Milwaukee 7 regional economic development collaboration. It provides an overview of the drivers of the modern economy, including the importance of knowledge assets, human capital, and technology. It then analyzes key factors for metropolitan economic growth, including industry clusters, workforce skills, innovation capacity, and business dynamics in the Milwaukee region. Specific areas for further examination are identified, such as defining regional industry clusters, skills mismatches, barriers to business startups, and strengthening the commercialization of university research.
This document summarizes a presentation on the relationship between productivity growth and wage growth in selected OECD countries from 1986 to 2010/2013. It finds that in many countries like the US and Germany, productivity grew faster than median wages, leading to a productivity-wage gap. This gap can be explained by factors like rising inequality between average and median wages, differences between data sources, declining labor shares of income, and changes in labor's terms of trade. Addressing these issues is important for social inclusion and maintaining public support for productivity-enhancing policies.
Economic Place-making: How to Develop a "Neighborhood Business Plan"RWVentures
Developed as part of a two-day training for planning and implementation grantees from HUD's Choice Neighborhoods program, this presentation walks through the logic and structure of a new approach to comprehensive neighborhood economic development: "neighborhood business planning." It begins by describing the changes taking place in the knowledge economy, which present opportunities for metropolitan areas and especially urban neighborhoods, and suggest a new approach: neighborhood business planning. The presentation then offers a framework for understanding neighborhoods as dynamic systems whose economic function is to develop and deploy their assets into larger markets.
"Originally developed as a two-day training for HUD Choice Neighborhood program grantees, this presentation was delivered to grantees from NeighborWorks America's Catalytic Grant Program. The training presents the rationale and structure of a new approach to comprehensive neighborhood economic development: ""neighborhood business planning."" After walking through the effects and implications of the transition to the knowledge economy, the presentation provides a framework for seeing neighborhoods as dynamic systems whose role in the economy is to develop and deploy assets (e.g., workers, businesses) into larger markets.
An overview of neighborhood types and their unique roles within regions follows, along with data on the typical trajectories of different neighborhood types. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) show how the development of neighborhood goals, market analysis, strategies and initiatives can create neighborhoods of opportunity in connection with their region. Local-facing issues like housing, retail and other amenities are examined in relation to their effect on creating neighborhoods of choice that certain populations are attracted to, influencing a neighborhood's type and trajectory. The presentation concludes with an overview of the most comprehensive application of neighborhood business planning to-date: the Greater Chatham Initiative."
Executive Director Steven Tobin was the opening keynote speaker at the 31st Annual Futures Conference hosted by First Work, discussing AI and automation.
Positioning Your Neighborhood for Economic DevelopmentRWVentures
This document outlines strategic development scenarios for redeveloping an underutilized site owned by the Casey Foundation in Atlanta. Four scenarios are presented: a regional distribution hub, a mixed white/blue collar business services hub, a blue-collar innovation hub, and a mixed-use food development. Tradeoffs of each are analyzed based on job creation, quality and accessibility; market viability; connectivity; and catalytic potential. Three scenarios - a mixed B2B hub, blue-collar innovation hub, and mixed-use food development - were prioritized. A developer has been selected to create a final development scheme integrating priorities around jobs, sustainability, connectivity, and leadership.
Retail in Context: Observations from ColumbusRWVentures
Delivered by RW Ventures, Chicago TREND and the Columbus Metropolitan Housing Authority, this pair of training sessions were designed to help communities pursuing retail, industrial land use, small business or other economic development projects think more strategically about how those efforts can align with and leverage other local development activities. The morning session used a case study from Columbus to illustrate how the viability of a retail project can be informed and enhanced by interrelated strategies to revitalize the surrounding neighborhood. The afternoon session used an industrial land redevelopment case study from Atlanta to explore how to connect regional industrial opportunities to neighborhood assets and development - sometimes referred to as "economic place-making."
The Role of Production Factor Quality and Technology Diffusion in 20th Centur...Structuralpolicyanalysis
The document analyzes productivity growth in advanced economies over the 20th century. It finds that:
1) Total factor productivity (TFP) growth explains most GDP growth since 1890, but TFP is a residual and its measurement is imperfect.
2) Adjusting TFP to account for improvements in labor and capital quality, as well as technology diffusion of electricity and ICT, provides a better explanation of productivity growth patterns.
3) However, even after these adjustments, technology cannot fully explain productivity growth waves like the "One Big Wave" in the US, suggesting other factors like management practices and financing techniques contributed as well.
The South Bend presentation was delivered at the first ever South Bend Economic Summit, co-hosted by the Mayor of South Bend, and the heads of the Chamber of Commerce of St. Joseph County and the Corporate Partnership for Economic Growth.
This document discusses productivity in Brazil and identifies several challenges:
1) Productivity growth has stagnated in Brazil over the past 30 years, making gains even more important as demographic growth slows.
2) Misallocation of resources is an issue, with too many small, low-productivity firms and capital allocation becoming less productive in recent years.
3) Improving service sector productivity is key given its large share of the economy, though traditional services remain much less productive than modern sectors.
The Impact of New Technologies on Jobs and their Effects on Local Economies -...OECD CFE
The document discusses the impact of new technologies on jobs and local economies. It notes that while technologies are often touted as improving productivity and living standards, they can also hollow out middle-level jobs, increase income inequality within and between regions, and exacerbate urban-rural and regional divides. Brexit and populist votes in Europe have been influenced by discontent over these geographical economic disparities. The challenges of institutions, governance, and distribution must be addressed for technology to benefit society as a whole.
Jonathan Timmis - Cloud computing and firm growthOECD CFE
Cloud computing leads to different impacts for young and incumbent firms. For young firms (<5 years), cloud adoption increases employment but has limited effect on productivity. Incumbent firms (>5 years) experience no scale or productivity effects from cloud; instead they reorganize activity by closing plants and moving employment further from headquarters. Fiber broadband rollout, which enables higher cloud adoption, is a determinant of which plants incumbent firms choose to close. The study finds cloud may alleviate financing constraints for startups and lead to geographic dispersion of activity.
The art of interpreting signals (precursors of trends) is - and always has been - important in navigating financial markets and economies. If you are an experienced manager or executive who wants to manage their career and/or job search processes wisely, look at the signals of the job market which are inseparably embedded in the VUCA landscape of today's world.
Before there are trends, there are signals which we usually keep to ourselves. But these are not usual times, so we decided to share those market signals by the end of each week. If the country / context is important, we’ll add them. Otherwise, we’ll keep it general for confidentiality.
Collected Quotes from CEOs and HR Directors
The vast majority of executives are with market leaders in their respective industries. By default, the board members are members of local boards; if not, we’ll indicate the exception.
IT: We weren’t directly in danger because of the pandemic, but were expecting some difficulties nonetheless. Our salaries were cut by 20% and we noted a two month sales decrease. It wasn’t a great loss – compared to last year, sales dropped only by a few percent.
Biotech: We were involved in building a start-up until March, when all activities had to be suspended.
And candidate quotes:
Global Executive Director / Software Market Leader / Asia: COVID-19 had affected the business in a very negative way. Face to face meetings are extremely important in Asia, but during the pandemic they could only be held through Skype, which prevented the finalization of many projects. I have seen that many recruitment processes were frozen, which made it impossible for me to move to another region.
If you want to discuss your professional situation confidentially or if you are considering hiring Career Angels for support, contact Bichl.Sandra@CareerAngels.eu who will personally match you with the most appropriate consultant. For efficiency, add your CV and availability for a Skype call.
If you want to contribute, email your signals to Sandra (everything will be kept confidential).
The art of interpreting signals (precursors of trends) is – and always has been – important in navigating financial markets and economies. If you are an experienced manager or executive who wants to manage their career and/or job search processes wisely, look at the signals of the job market which are inseparably embedded in the VUCA landscape of today's world.
We’ve continued reaching out to CEOs, HR Directors, investors, board members and candidates that we know personally, to take the temperature. Below you’ll find their shortened quotes in no particular order.
Building Materials: We haven’t experienced any visible changes so far, but the next year could bring some potential challenges.
Pharma: It’s been a very good time for our company, we’ve seen more sales and clients.
Publishing: As conferences, webinars and e-books are now more popular than ever, the center of business gravity has been moved online. This resulted in a decrease in physical distribution and, in consequence, lower turnover and lay-offs.
Media: Closed theaters and cinemas resulted in more interest in digital solutions. The sales model had to be changed.
If you want to discuss your professional situation confidentially or if you are considering hiring Career Angels for support, contact Bichl.Sandra@CareerAngels.eu who will personally match you with the most appropriate consultant. For efficiency, add your CV and availability for a Skype call.
If you want to contribute, email your signals to Sandra (everything will be kept confidential).
1. Productivity in public services is difficult to measure compared to private sector services due to the lack of market forces and profit motives. Measuring quality and effectiveness is even more challenging but important.
2. The Finnish Tax Administration improved productivity over 25 years through digitalization, which streamlined processes, reduced personnel needs despite increasing tasks, and saved citizens 8+ million hours annually filling out pre-filled online tax forms.
3. Management and leadership are crucial for public sector productivity according to the Finnish experience, as they guide strategy, understanding of the organization's purpose, and productivity improvements through changes to processes, organization, skills, and laws.
This year’s new extended version of the 'Cities of Influence' report reviews 50 major European economic hubs and ranks them based on their occupier attractiveness, availability of talent, and quality of life factors alongside economic output and productivity.
http://www.colliers.com/en-gb/emea/research
LMIC's Behnoush Amery, Michael Zusev and Graham Dobbs presentation on labour market megatrends and the future of work at the Information and Communications Technology Council (ICTC)'s Digital Future Summit.
The document outlines RCS MediaGroup's business plan for 2016-2018. The plan has three key objectives: ensure sustainable economics, value RCS assets through business transformation, and set strong foundations for future growth. To achieve these, the plan focuses on eight actions, including persistently reducing costs while protecting investments, stabilizing revenues and margins of print/web/mobile products, selectively investing in high-potential areas, exploiting scale in technology, optimizing the value chain through print industry consolidation, dismissing non-core assets, simplifying the organization, and continuously monitoring execution.
Groningen Growth and Development Centre (GGDC) 25th anniversary | 28-30 June ...innovationoecd
Over the years, OECD work on productivity and globalisation has closely mirrored the work of the GGDC on these issues, reflecting considerable cooperation over the past 25 years. Dirk Pilat, Deputy Director of the OECD Directorate for Science, Technology and Innovation, presented OECD work on productivity and Global value chains - an overview and cooperation with the GGDC.
José Luis Domínguez, Marketing Director of SATEC, presented at the ServiceOne Alliance Conference in Madrid on September 17, 2009. He discussed the economic downturn in Europe and its effects on the ICT industry, as well as opportunities for growth. Key points included: IT budgets are falling globally but some technologies still offer growth; the ICT industry underpins many other sectors and innovation will be important for economic recovery; and partnerships through alliances like ServiceOne can help companies pursue new opportunities internationally by sharing solutions, resources, and references.
The Evolving Broadcast Sector (Review Report)Gonzalo Martín
The document provides an overview of developments in the digital television sector in Europe and the US between 2005-2010. It finds that:
1) Digital TV markets are expected to show strong growth across Europe and the US, with Europe overtaking the US in total digital households by 2006.
2) IPTV is poised to increase competition in the digital TV sector and spur new services.
3) Ongoing consolidation in the industry will continue shaping market dynamics.
Individual country markets will see varying rates of growth in digital penetration over this period, with the UK achieving 95% by 2010 and Germany reaching around 50%.
Digital transformation offers many opportunities for small and medium enterprises (SMEs) if imbalances are addressed. While it lowers barriers and allows scale without mass, it also enables winner-take-all markets that advantage large incumbents. Policy can support more competitive markets and SMEs with potential through funding, advice, and technology support. Examples from Korea, Ireland, Lithuania, and China show how innovation policies have fostered startups and networks. Ensuring innovators are rewarded but opportunities remain for challengers supports inclusive growth.
The document summarizes insights from the Business Impact of Coronavirus Survey conducted by the Office for National Statistics between March and June 2020. Key findings include:
- Businesses reported substantially lower turnover during lockdown restrictions in April and May, with more reporting slightly lower turnover in June.
- Accommodation and food services saw the highest rates of substantially lower turnover, while some education and health sectors saw higher turnover.
- Footfall gradually recovered to 2019 levels as non-essential shops reopened in mid-June.
- Universal credit claims decreased to pre-lockdown levels in late June as restrictions eased.
Peterson Institute for International Economics (OECD Research Director Catherine Mann, July 9, 2015); BIS Annual Report (BIS Executive Claudio Borio, June 28, 2015) - Productivity (economics research)
The document discusses how the ICT industry in Europe is affected by the economic downturn. It outlines the main challenges as reduced IT budgets, increased competition, and difficulties obtaining financing. However, it also discusses hopes for the industry, as ICT is critical to economic growth and some areas like cloud computing still have potential. It recommends companies adapt to changes, look to local and international markets, and that the ServiceOne Alliance could provide opportunities for collaboration between members.
This document discusses the integration of European economies through the development of a common market. It outlines three objectives of the EU regional development fund: convergence through modernizing structures, creating jobs, and stimulating growth; improving regional competitiveness through innovation, environmental protection, and improved infrastructure; and cross-border territorial cooperation. It also examines examples of countries that successfully and unsuccessfully integrated their economies and built market-based foundations to join the EU common market.
Keep up-to-date with the latest news from Haag-Streit UK and John Weiss by checking out our latest 'In Focus' newsletter. The newsletter contains all the most recent updates from both organisations, from product launches to events to special offers.
The document summarizes key findings from the OECD's Innovation Strategy report. It finds that innovation involves interactions across an entire system beyond just R&D. Countries need strategies that link different elements like education, infrastructure, markets, and collaboration. New players like emerging economies and young firms are contributing more to innovation. Innovation is already a major economic driver and investment, responsible for much of productivity growth. Countries are encouraged to continue supporting innovation to address challenges and fuel long-term growth.
This magazine issue focuses on how digital solutions can help drive Europe's economic recovery from the COVID-19 crisis. It examines challenges for the manufacturing industry and skills gaps exacerbated by the pandemic's acceleration of digital transformation. Interviews explore the roles of digitization in recovery and skills for dual transitions to green and digital economies. The issue also provides updates on EU policies, projects, member exhibitions, and the machine tool industry during the pandemic.
Minett Media has developed an internet-based system for placing editorial content from their clients in trade publications around the world. Their database includes over 13,000 editors across 50 business areas in 100+ countries. The system provides real-time reporting to clients on article placements and publications. It allows multinational companies to track editorial coverage globally. Minett Media has placed articles resulting in over $2 million in equivalent advertising value at a cost of less than 7.5% of that value. Their average publication rate is 4.3 articles per placement.
The ONS hosted our global first trade and investment user event. Over the last few years, feedback and extensive coverage of our trade and investment data has demonstrated how statistics have helped users; better understand the impacts of coronavirus and EU Exit, build collaborative partnerships with other countries for the purpose of making new trade deals, assess key research topics such as supply chains.
"Nuevos Mercados y Trabajos para la transformación digital"-OCDE 2016-CancúnMaite Vizcarra
¿Qué nuevos mercados de negocio y qué nuevas habilidades se requieren de cara a la inminente transformación digital?, ¿qué han considerado los países y expertos de la OCDE al respecto? Aquí el documento de trabajo Junio 2016, Cancún
Similar to COVID-19 and the Megatrends in Future of Work (20)
Les offres d’emploi en ligne deviennent une ressource essentielle pour les décideurs et les chercheurs qui étudient le marché du travail. Le CIMT continue de travailler avec les données de Vicinity Jobs tirées des offres d’emploi en ligne, qui peuvent être analysées dans notre
tableau de bord des tendances de l'emploi au Canada. Notre analyse des données provenant des offres d’emploi en ligne a permis d'obtenir des informations précieuses, notamment le
récent rapport
de Suzanne Spiteri sur l'amélioration de la qualité et de l'accessibilité des offres d'emploi afin de réduire les obstacles à l'emploi pour les personnes neurodivergentes.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Les données d’offres d’emplois en ligne d'entreprises telles que Vicinity Jobs servent de plus en plus de complément aux sources traditionnelles de données sur la demande de main-d'œuvre, telles que les enquêtes sur les postes vacants et les salaires (EPVS). Ibrahim Abuallail, candidat au Ph. D., Université d’Ottawa, a présenté la recherche relative aux biais dans les offres d’emploi en ligne et une approche proposée pour rajuster efficacement les données de ces offres d’emploi afin de compléter les données officielles existantes (telles que celles des EPVS) et d'améliorer la mesure de la demande de main-d'œuvre.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Les données de Vicinity Jobs englobent plus de trois millions d'offres d'emploi en ligne pour 2023 ainsi que des milliers de compétences. La plupart des compétences apparaissent dans moins de 0,02 % des offres d'emploi, de sorte que la plupart des offres reposent sur un petit sous-ensemble de termes couramment utilisés, comme le travail en équipe.
Laura Adkins-Hackett, économiste, CIMT, et Sukriti Trehan, scientifique de données, CIMT, ont présenté leurs recherches sur les tendances relatives aux compétences répertoriées dans les offres d’emploi en ligne afin de mieux comprendre les compétences les plus en demande. Ce projet de recherche utilise l'information mutuelle spécifique et d'autres méthodes pour extraire davantage d'informations sur les compétences communes à partir des relations entre les compétences, les professions et les régions.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Dans un marché du travail tendu, les demandeurs d'emploi acquièrent un pouvoir de négociation qui leur permet d'améliorer la qualité de leurs emplois — c'est du moins ce que l'on croit généralement.
Michael Willcox, économiste, CIMT, a présenté des résultats qui révèlent un affaiblissement de la relation entre le resserrement du marché du travail et les indicateurs de qualité de l'emploi à la suite de la pandémie. Le resserrement du marché du travail a coïncidé avec la croissance des salaires réels pour une partie seulement des travailleurs : ceux qui occupent des emplois peu rémunérés nécessitant peu d'éducation. Plusieurs facteurs — notamment la composition du marché du travail, le comportement des travailleurs et des employeurs, et les pratiques du marché du travail — ont contribué à l'absence d'avantages pour les travailleurs. Ces facteurs feront l'objet d'une étude plus approfondie dans le cadre de travaux futurs.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Michael Willcox a fait une présentation sur le resserrement des marchés du travail et les solutions pour y faire face. Au cours de la période de questions, les membres de l’auditoire se sont montrés particulièrement intéressés par l’ampleur des investissements que les entreprises consacrent aux technologies à faible main-d’œuvre, par les différentes politiques susceptibles de remédier aux pénuries de main-d’œuvre et par le rôle de la productivité dans l’inadéquation entre les compétences et les exigences professionnelles.
Au cours de cette séance, Brittany Feor s’est penchée sur les salaires pour savoir s’ils suivent le rythme de l’inflation. Au cours de la période de questions, les membres de l’auditoire ont discuté de sujets potentiels de recherche, dont l’incidence du domaine de spécialisation (STIM et non-STIM) sur les écarts salariaux en fonction du genre et l’impact des politiques de congé parental sur la dynamique de la population active.
Dans une présentation fondée sur l’analyse et les résultats de travaux réalisés par Kashyap Arora, Anne-Lore Fraikin et Sukriti Trehan, Kashyap a décrit diverses méthodes permettant de mesurer les tendances de la demande de main-d’œuvre à partir des offres d’emploi en ligne et les résultats préliminaires de l’analyse de données recueillies par Vicinity Jobs. Au cours de la séance de questions, le public a discuté des différences entre les tendances des offres d’emploi en ligne et les postes vacants recensés par l’Enquête sur les postes vacants et les salaires (EPVS).
LMIC senior economist Brittany Feor presented on whether wages are keeping up with inflation. During the Q&A, audience members engaged in discussion about potential areas of future research, such as whether wage differences between genders could be influenced by the choice of STEM versus non-STEM fields, as well as examining the impact of parental leave policies on workforce dynamics.
In a presentation based on analysis and findings prepared by Kashyap Arora, Anne-Lore Fraikin, and Sukriti Trehan, Kashyap presented a selection of methods for assessing labour demand trends through online job postings, with preliminary results from Vicinity Jobs.
Michael Willcox presented on tight labour markets and how to plan for them at the Canadian Economics Association's 2023 conference. During the Q&A, audience members were particularly interested in exploring the extent of business investment in labour-saving technologies, examining policy options to address labour shortages, and understanding the crucial role that productivity plays in the mismatch between skills and job requirements.
Michael Willcox, LMIC economist, participated in a panel hosted by World Education Services (WES) at the 5th Metropolis Identities Summit to discuss how the employment rate of immigrant youth is lower compared to Canadian-born youth, but the gap is closing.
Tony Bonen, directeur général (intérimaire) au CIMT, a discuté les promesses et limites du moissonnage du web sur les offres d’emploi à l'atelier de travail sur les besoins non comblés en matière de main-d’œuvre bilingue du Conseil des ministres sur la francophonie canadienne
Le directeur général intérimaire Tony Bonen a été invité par l'Association canadienne des administrateurs de la législation ouvrière (ACALO) où il a parlé du resserrement du marché du travail, des pénuries de main-d'œuvre et de compétences, et de l'avenir du travail.
LMIC's acting executive director Tony Bonen was invited by the Canadian Association of Administrators of Labour Legislation (CAALL) where he spoke about labour market tightness, labour and skills shortages, and the future of work.
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Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
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Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
1. LABOUR MARKET INFORMATIONCOUNCIL
CONSEIL DE L’INFORMATION SUR LE MARCHÉ DU TRAVAIL
COVID-19 and the Megatrends in
Future of Work
Behnoush Amery
Senior Economist at LMIC
2. LABOUR MARKET INFORMATION COUNCIL
CONSEIL DE L’INFORMATION SUR LE MARCHÉ DU TRAVAIL
FoW & NoW
• LMIC’s goals of collect, analysis and distribute the knowledge
• To improve the timeliness, reliability and accessibility of labour market information to
facilitate decision-making
• To help distribute the knowledge: re-launching the Future of Work Annotated
Bibliography (LMIC & WES partnership).
• Now of Work Annotated Bibliography: summaries of recent reports examining the
implications of COVID-19
• New entries will be added every two months.
3. LABOUR MARKET INFORMATION COUNCIL
CONSEIL DE L’INFORMATION SUR LE MARCHÉ DU TRAVAIL
Megatrends (Focus of FoW AB)
Technological Advancements
o Automation of production
o Artificial intelligence (AI)
o Digitization & Robotics
Demographic Shift
o Aging population & workforce
o Immigration
Climate Change
o Higher average temperatures
o Increased intensity of extreme weather events
4. LABOUR MARKET INFORMATION COUNCIL
CONSEIL DE L’INFORMATION SUR LE MARCHÉ DU TRAVAIL
Megatrends & COVID-19 (Focus of NoW AB)
Technological Advancements
o Increase in online life
o Increase the adoption of technologies
Demographic Shift
o Increase in need of upskilling and reskilling
o Increase in need of sustainable inflow of
skilled workers
Climate Change
o Significant reductions in greenhouse gas emissions for the year 2020
o Require further commitmentand action worldwide to reduce emissions.
COVID-19
COVID-19
COVID-19
5. LABOUR MARKET INFORMATION COUNCIL
CONSEIL DE L’INFORMATION SUR LE MARCHÉ DU TRAVAIL
FoW & NoW Annotated Bibliographies
Tools for sharing the knowledge
6. LABOUR MARKET INFORMATION COUNCIL
CONSEIL DE L’INFORMATION SUR LE MARCHÉ DU TRAVAIL
Thank You
Future of Work AnnotatedBibliography
Now of Work Annotated Bibliography
If you have any questions about the presentation,
please contact me at behnoush.amery@lmic-cimt.ca