The 2010 World Economic Forum in Davos puts global talent mobility high on its agenda to highlight the importance of talent mobility as one of the key drivers for economic stimulation in both developed and developing countries. According to Towers Watson's 2010 Workforce Study, the majority of surveyed companies cited the three factors below as the most challenging areas:
- Loss of talent in key skills areas;
- Lack of succession planning management and;
- Inability to attract necessary talent.
Asia Pacific being the growth region, talent shortage is even more critical. More than 80% of companies in Asia Pacific are planning to hire in 2011. Yet faced with the demographic shifts (ageing societies), fast changing labor markets along with inadequate education systems and migration policies, human capital challenges in the region will soon rival financial capital as the key impediments to economic growth.
Mrs. Cathy Loose will address the following:
- What considerations and approaches do companies need to address these challenges?
- How can global talent mobility be part of the solutions to address talent shortage?
Mrs. Cathy Loose will share with the members overall market trends regarding talent management issues looking from an APAC region and HK perspectives. She will also provide insights and approaches that companies should consider when linking talent management process with global mobility policy as well as the evolving landscape of global mobility practice among multinational companies.
