Issue link: https://www.e-digitaleditions.com/i/135744
Workforce MSP Management New World Symphony Gaps in the global labor pool are forcing company recalibrations. By Carolyn White The global economy has forever changed the way businesses if they are to ensure their companies have the best people in place operate and attract employees. Gone are the days when companies today—and can attract the talent they need tomorrow. look to hire only employees who live in the area or countries in According to the McKinsey Global Institute, the world could face which they operate. a substantial shortage of qualified workers by 2020. This shortfall The workforce of this new era is far more connected, dispersed, shapes up in multiple ways. Developing nations might lack upward and mobile than ever before. This reality presents human resources of 45 million workers with vocational training or secondary-school professionals with a number of challenges that must be overcome education. Advanced economies could end up needing as many as [48] HRO TODAY MAGAZINE | MAY 2013