GLOBILITY® - 21 November 2016 

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EMEA 

UK Immigration Controls May Not Apply to EU Skilled Foreign Workers
Post-Brexit UK immigration controls may not apply to highly skilled foreign workers who are nationals of EU and EEA countries, says UK Chancellor of the Exchequer, Philip Hammond. He hopes that "high-level" workers will not be subject to rigid immigration regulations, noting that “there’s no reason why businesses should be restricted from recruiting top international talent.” At present, non-EU skilled workers come under the Tier 2 Visa and Tier 2 sponsorship licenses, for which employers must apply, and which are viewed as restrictive. Also, in most situations, UK employers must conduct a resident labor market test to demonstrate the lack of talent in-country for the jobs they are filling, and apply for a certificate of sponsorship under the quota system. Read the rest of this UK immigration control story.

 

 

Spain Ups Growth Forecast for 2016, 2017
Demonstrating that Spain’s 10-month political impasse has had limited effect on the economy, Economy Minister Luis de Guindos expanded growth forecasts for this year and the next. Spain's economy is anticipated to experience growth of 3.2 percent this year (exceeding the Eurozone average) and 2.5 percent in 2017.  "Spain will submit its (2017) budget plans to Brussels in the coming weeks," de Guindos added, saying the new growth forecasts would be included in these, as would the creation of "around 500,000 jobs.” These positive forecasts come just weeks after Prime Minister Mariano Rajoy took power again after a 10-month period of political limbo and two inconclusive elections. As Spain has benefited from lower petrol prices and interest rates and the depreciation of the euro, the long period of uncertainty did little harm to the economy. Find out more about Spain’s growth forecasts.

Record Total of European Workers in Britain Following Brexit
Since the June 23 Brexit vote, Britain counts the number of EU-born citizens who now have jobs in the UK at a high of 2.3 million; a net increase of 221,000 in a year: that’s one in 13 in the workforce. Driven by a surge in foreign labor, overall employment hit a record 31.8 million in September. Romanian and Bulgarian workers accounted for the most significant increase: 58,000 over the year, or 26 percent, to a record 276,000. The number of employees from Poland and seven other eastern European countries that joined the EU in 2004 soared by 90,000 to almost 1.1 million. Workers from 14 EU states such as Spain, Italy and Greece rose by 73,000, or 8 percent, as they left struggling Eurozone economies behind. Despite government declarations that it was tightening the visa process, the number of workers from outside the EU ballooned by 199,000 to 3.2 million. Learn about post-Brexit worker populations in the UK.

 

APAC

Making A Case for Workplace Diversity in Energy Sector
Diversity is on many companies’ workforce agendas this year, and international energy companies operating in the UAE are paying attention to ethnicity and gender diversity. These are unlikely focus areas for leading NOCs (national oil companies) and IOCs (independent oil companies), but as the energy industry continues to face unprecedented pressure, diversity could make the difference between winning and losing business opportunities and surviving difficult markets. Companies are understanding that a diverse organization reflects its customer base, gives companies a competitive advantage over less savvy rivals, allows them to access a wider talent pool, and better positions companies to stimulate innovation, and to identify and capitalize on future opportunities. Discover diversity initiatives in NOCs and IOCs.

UAE, China Ideal Places for Youths to Grow Careers 
The World Economic Forum (WEF) announced last week the results of a recent survey, which showed that The United Arab Emirates (UAE) and China are the most preferred emerging-market countries among young people who would like to live abroad to advance their careers. The two Asia countries ranked as the most preferred emerging market countries, in 11th and 12th place, respectively, ahead of the Scandinavian countries, all other BRICS (Brazil, Russia, India, China, South Africa) countries and Singapore. The United States, United Kingdom and Canada led the list.  Read more about the WEF survey.    

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AMERICAS  

Here's Why Latinas Are Abandoning Corporate America
A study published earlier this year by the National Women’s Law Center (NWLC) shows that the gender wage gap for Latinas is more than $ 1 million over their lifetimes, and statistics are showing that Latinx talent is opting out of corporate life in increasing numbers. According to The Kauffman Index: Startup Activity 2015, last year more than 40 percent of new entrepreneurs were African American, Latinx or Asian, an increase across all categories. Most of those new entrepreneurs were Latinx, who accounted for 22.1 percent of the new entrepreneurs last year. Latina and black women are the fastest-growing group of entrepreneurs in the country. One of the biggest barriers for senior managers and executives: the lack of inclusive work environments that value and promote diversity. Find out more about the workplace challenges for Latinas.     

Post-election Mobility Industry Analysis: Tax Reform
Worldwide ERC® President and CEO Peggy Smith noted this week that “With the recent U.S. Presidential election, and other global events in the past year, we are facing some of the most profound political and economic challenges in our history.” The impact of the incoming administration will be far-reaching on business worldwide, and is of significance to mobility professionals and employers recruiting and managing mobile workforces. With the election of Donald Trump as President, and retention by Republicans of control of both houses of Congress, it is very likely that comprehensive tax reform will occur during 2017.  Ways and Means Chair Kevin Brady (R-Texas) said on November 9 that tax legislation would be introduced during the first 100 days of the new Congress.  Senior Trump campaign officials have also stated that tax reform is a first 100 days priority.  What might that look like, and what might be its effects on worker mobility? Learn more from the Worldwide ERC® Post-election Analysis: Election Results Make Tax Reform a Likely Priority.

Spotlight: China-LATAM Ties Poised to Expand, Say Ecuadorian Analysts
After expanding over the past decade, ties between China and Latin America will continue to grow, driven largely by China's emphasis on South-South cooperation, investment and trade. "I believe we have seen a decade in which China has become a reliable partner, and it continues to be a crucial partner for Latin America," said Katalina Barreiro, an expert in Political Science and International Relations at Ecuador's Institute of Advanced National Studies. She notes that Latin America also holds untapped potential for the Asian giant in resources such as tourism. In addition, the region has a highly qualified workforce, abundant natural resources and a well-developed structure. The combination of these factors, says Barreiro, have raised hopes in the region that ties will continue to grow with a country that "is increasingly positioned as a global power.” Chinese leaders have indicated Latin America as an important part of China's agenda. See what else makes Latin America a good match for China.  

General Interest

Freelancers and Technology Are Leading the Workforce Revolution
There is a major shift occurring in the workforce today: a movement away from full-time employment, as the single source of income, toward a more diversified income structure that usually involves some sort of freelance activity. Globalization and technology are powerful forces shaping the job market in the U.S. and most other western economies. Advanced economies are becoming more and more service-oriented, and the share of the manufacturing sector has been declining for decades. The benefits many employees enjoy today, like health insurance, unemployment insurance, pensions, guaranteed wage increases, paid overtime, vacation and parental leave have increased the cost of labor significantly. With new work models emerging, these benefits create an incentive for companies to minimize their headcount.  This tectonic change is fueled from two sides: lean organizations and modern careers. Acquire more details on the workforce revolution.