Demographic shifts (aging populations, declining birthrates, economic migration), social evolution, inadequate educational programs, globalisation, and entrepreneurial practices (outsourcing, offshoring, on-demand employment) are between them causing shortages, not only in the overall availability of talent but also – and more significantly – in the specific skills and competences required in industrialised, emerging, and developing economies.
Governments and employers around the world are taking steps to counter the effects of these shortages by improving educational and vocational training provisions, adopting strategic migration policies, bringing the economically inactive into a more inclusive labour force, and encouraging skilled and experienced older individuals to remain in employment. But as trends continue and the shortages become more pronounced, there is far more they can be doing – in proactive ways – to mitigate the impending shortage.
See full Report, in pdf format.
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