It's not enough that companies are in an all-out war to retain the best and brightest to help their company grow to new heights, but there is also a looming battle on the horizon that may prove even more difficult to win.
The skills gap as defined by the American Society for Training and Development is a significant gap between an organization’s current capabilities and the skills it needs to achieve its goals.
This gap isn’t just an IT skills shortage - it stretches across many disciplines that impact an organization's growth. For global mobility managers, it's important to understand as early as possible what skills shortage your organization will face and what regions will be most affected.
Planning early can significantly contribute to overall growth and the bottom line. Identify regions where skills gaps which are critical to the organization's success are present so the right talent can be deployed on short-term assignments.
TCG Hamilton, the largest provider of solutions, services and products in credentialing, has created the Skills Gap – A Rising Threat to Industries and Economies Infographic, which serves up some very interesting insight into this rising threat. (You can scroll to the bottom of the post or click the link above to see the full infographic!) Let’s look at some of these predictions and think about what they could mean for employee relocation and global mobility.
1. The Worried CEO
If the world's business leaders are concerned, then all employees, especially global mobility managers, should take notice. CEOs think the non-availability of skills is a serious concern and getting the skills they need across geographies and industries will be a critical need. Employee relocation can be pivotal in successful business growth, and global mobility managers who have a program and policy that fits their culture and is tailored to their needs will bring them one step closer to overall success. More about culture and programs here.
2. Skills Gap
Companies are already finding difficulty in filling certain positions and locating employees who match particular skill sets. This infographic looks specifically at what types are most difficult. From executive management to sales representatives to office support staff, this infographic offers up 10 skills shortages. These are areas all human resource and global mobility managers will need to develop, deploy and recruit talent to stay competitive. If you're having trouble aligning HR and global mobility, we've got some great tips and advice in this post: Can't We All Get Along? 5 Tips for Aligning HR Talent Management and Global Mobility Teams
3. Bridging the Gap
While the threat is real, it isn’t all doom and gloom. There are steps you can take to lessen the impact of these potential shortfalls in skilled workers. Adopting an agile mindset is identified as a methodology you can use to help bridge the gap. The Agileconnection.com defines the agile mindset as a quest to learn (even when you fail) and leveraging what you learn to continuously improve on what you do. This mindset, along with robust training and employee mobility program development, can set your organization up for success.
Need some help with your global mobility program? Lexicon is dedicated to staying on top of these types of trends and helping our customers change with the times. Contact us now to get us on your team!