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Europe’s Out-of-step Workforce
A report released last week by the Organization for Economic Cooperation and Development (OECD) noted two findings that are critical to Europe’s labor market: the unemployment rate between foreign-born and native populations is broadening there more quickly than in any other region, and European countries are missing a significant opportunity: they can improve their economies by better merging migrants into their workforce. On average, the report noted that immigrants with higher education levels make up more than a third of the migrant workforce in the group of 35 countries surveyed, 28 of which are in Europe. But nearly half of migrants are working in routine task types of jobs. "One in two migrants is either inactive, unemployed or overqualified. So we're doing a really bad job," says OECD spokesman Spencer Wilson. "This is very serious because countries are competing to get highly skilled workers, but they're not using the ones they have." Read more about Europe's workforce challenges.
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World’s Best Place to Live is Now Looking for Brainy Foreigners
Denmark, which recently topped the 2017 Social Progress Imperative’s “quality of life” ranking (with outstanding personal rights, access to information and communications) doesn’t yet have it all: it’s still challenged to convince highly skilled professionals to bring their much-needed expertise to an economy now facing labor shortages. One perception the country is working to overcome is that Denmark has become less welcoming to foreigners, and without them, Denmark will struggle to solve its workforce woes. Find out more about Denmark’s workforce development challenges.
Why Indian Startups are Looking Abroad
Since India is home to more than 5,000 startups and is known for its technology talent, quite a few countries are easing the way for startups to relocate with visas and offers of funding. For instance, Estonia, which launched a startup visa program in January, has received applications from 16 Indian companies. However, language differences, finding talent and breaking into a new market can be challenging. Despite the difficulties, founders say the experience of working in a new country has its advantages. Understand more about India's startup solutions.
Japanese Firms Struggle to Fill Vacancies as Job-to-Applicant Ratio Hits 43-year High
Earlier this summer, Japan’s jobs-to-applicants ratio exceeded its 1990 peak, registering its highest level in 43 years. For each applicant in Japan, there were an average of 1.49 job vacancies, up from 1.48 in the previous month. Japan’s growing unemployment rate can be explained by an increase in the number of people choosing to seek work, rather than a decrease in those employed. One key issue regarding Japan’s workforce has centered on a lack of wage increases - despite labor shortages - coupled with stagnant inflation. Read on about Japan's increasing jobs-to-applicants ratio.
Government Affairs Community Update
Worldwide ERC®’s latest Government Affairs Community Update includes a report on the U.S. Senate version of the health care bill, France’s tech visa, the UK Coalition, the Mobile Workforce Bill, U.S. tax reform, and Toronto’s non-resident tax, along with mobility industry impact statements. Click here to find the July 3 issue and other recent Government Affairs Community Updates.
How Can the U.S. Get More Women into the Workforce? Ask Canada
Though both Canada and the U.S. saw increasing numbers of women participating in the workforce after World War II, growing household incomes and national production, something changed in the late 1990s. The numbers of female workforce participation started to recede in the U.S., even as they rose in Canada. By 2016, 74.3% of U.S. women between the ages of 25 and 54 were working or looking for work, compared with 82.2% in Canada, according to Organization for Economic Co-operation and Development (OECD) data. A better understanding of the underpinnings of this trend could help fix America’s growth problem. Read about Canada's policy approach to increasing the ratio of women in the workforce.
Brazil: New Immigration Law Takes Effect in November
As rapid economic growth in Brazil raised the demand for skilled labor, there was a sharp increase in the employment of foreign workers in the country between 2011 and 2014. From 2011 to 2013, the number of foreigners with registered employment in Brazil soared by 51 percent. To modernize the treatment of foreigners in Brazil and permit the entry of skilled workers from other countries, Brazil has established a new Migration Law, effective November 21, 2017, to give foreign workers the same rights as native-born Brazilians—including job access, social security eligibility, and the right to join labor unions and participate in strikes or protests. Read more about Brazil’s new immigration law.
Creating a Talent Pipeline for Tomorrow
According to the latest World Economic Forum (WEF) “Future of Jobs” report, 65% of children entering primary school today will end up doing jobs that don’t yet exist; and on average, by 2020, more than a third of the desired core skill sets of most occupations will be comprised of skills that are not yet considered crucial to the jobs today. Two key job types are likely to become critically important. The first is data analysts, who will be in demand to help companies make sense of all the data generated by disruptive technology. The second is “specialized sales representatives” across industries, who will be required to commercialize new innovations and reach new clients. This technological revolution presents a significant opportunity to upskill existing resources. For the full talent pipeline article, read on.