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|UK Firms from Engineers to Banks Struggle to Fill Skills Shortage
Britain’s industrial growth plans are at risk, threatened by a continuing lack of skills and an unproductive educational system. Though employers have skirted the shortage by hiring EU workers in the past, the implementation of Brexit initiatives are likely to deepen the scarcity of talent. For the UK to chart a course for itself outside the EU, a spokesman for global manufacturer Tata noted that a thriving engineering sector is critical to future prosperity. David Landsman, the UK boss of Tata, noted that "… we need to boost the numbers of home-grown engineers - which means re-shaping both how engineering is perceived and respected, and how our young people are taught." Find out more about the UK skills shortage.
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Cloud-based technology has empowered an increased collaboration with communication tools, software, and apps providing businesses with access to documents and databases from anywhere – good news for employers wishing to sweeten recruiting, engagement and retention initiatives for candidates being sourced from around the world. Engaging flexible resources to meet business demands and offering work perks like flexible schedules and the ability to work from home is an active practice worldwide that is quickly being adopted in the UAE, as businesses and employees seek a mutually beneficial balance between flexibility and productivity. Read about UAE employers and flexible work.
China: Most Employers Concerned Over Continuing Skills Shortages
Seventy percent of employers in China are concerned they don’t have the right talent to achieve current business objectives. This statistic, and other new data from international recruitment firm Hays also reveals that 53 percent of employers in China believe skills shortages have the potential to hamper efficient business operations in 2017 – and 44 percent expect shortages to have some impact on business operations. “When the efficiency of a business is threatened, planning your business strategy and your talent pipeline has never been more critical,” said Christine Wright, Managing Director of Hays Asia. “The focus for many businesses should be to build a highly talented and productive workforce. To do so, companies need to ensure they have access to the right candidates if they are to benefit from emerging conditions.” In the past year, 54 percent of employers in China tried to fight skill shortages by upskilling their employees, while 41 percent improved their attraction strategies. Read more about China's employer concerns.
Why Australia's 457 Temporary Workers' Scheme is Attracting Heat
An example of how Australia’s 457 visa enables the import of scarce skills: an IT worker from Bangalore, along with her or his family, might be able stay in the country for up to four years, provided they are sponsored by a business that can't fill the vacancy locally. Other options, such as permanent migration, are open to tradespeople and professionals. But the popular 457 visa system is increasingly attracting political heat, and Labor opposition leader Bill Shorten has warned Australia will "pay the price" if the flow of workers from other countries isn't stemmed. Said Shorten, “It is too easy to import our skills [rather] than train our people. And too many work visas are being used as a low-cost substitute for employing an Australian, not to address a genuine shortage.” Most 457 visas are granted to migrants from India, the UK and China. Learn more about Australia's 457 visa.
Gallup: What Star Employees Want (U.S.)
More than one in three U.S. employees have changed jobs within the past three years, and more than 90 percent of these employees left their company to do so, according to Gallup's State of the American Workplace report. About 41 percent of employees say a significant increase in income is "very important" to them when considering a new job. (More male employees than female employees say this factor is "very important," and more millennials and Gen Xers than baby boomers rate this aspect as "very important" in a job search.) While the brand or reputation of a company is not the most important consideration for job seekers, more than one-third (36 percent) say it is "very important" when evaluating a potential job. (A company's brand carries the most weight with baby boomers and female employees.) Find more information on how to increase employer appeal to U.S. workers.
Automation is Changing Latin America Too
With roughly half of the current labor mix in Mexico, Brazil, and Argentina vulnerable to automation, Latin America is slated to see significant changes in its workforce needs in coming years. Brazil, with its mix of sluggish productivity, an aging population, and high cost of labor, is in a particularly vulnerable position. In manufacturing, retail, transportation, and agriculture, more than half the work done by 32 million employees could be automated. Argentina’s economy is slightly less susceptible to automation, but an aging population and prolonged lack of investment might prompt companies to accelerate capital spending on robotics, though strong unions and unreliable electricity could slow the process. Read about automation in Latin America.
Government Affairs Community Update
Worldwide ERC®’s latest update includes activity in the new administration's agenda such as Tax Reform, Regulatory/Compliance Issues, Real Estate, Trade Agreements and Immigration… and more. Navigate to the current Government Affairs Community Update.
In Many Countries, at Least Four-in-Ten in the Labor Force are Women
When the Pew Research Center recently analyzed labor force statistics from 114 nations with data from 2010 to 2016, they found this: women make up at least 40 percent of the workforce in more than 80 countries. Across the countries included in the analysis, the median female share of the workforce is 45.4 percent. In the United States, women account for 46.8 percent of the labor force, a share that is projected to fall slightly in the decades ahead. (This gender gap translates to roughly 10.3 million more men than women in the workforce.) Still, even though the share of female workers in the U.S. is higher than the median across the 114 countries the Center examined, 39 other countries outrank the U.S.; in fact, the five countries with the highest female shares are all in sub-Saharan Africa. In Zimbabwe, Malawi, the Gambia, Liberia and Tanzania, women account for at least 50 percent of the workforce. And in all the sub-Saharan countries with data available, at least 40 percent of the labor force is female. In most European Union countries, the labor force is at least 45 percent female. Malta, at 38.6 percent, is the most notable exception. Read on about female participation in the global workforce.