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STEP trends | Economic 
Global Labor and Talent Market
Concept
  • Despite growing unemployment numbers, ongoing shifts in labor and
    talent will be far more profound than migration of jobs to low-wage
    countries. The shift to knowledge-intensive industries continues to
    highlight the importance and scarcity of well-trained talent, mainly
    because of the graying society. Essentially, this is about moving jobs
    and mobility of talent.
Trajectory
  • The increasing integration of global labor markets is opening up vast
    new talent sources.
  • The number of university-educated young professionals in developing
    countries (33 million) is more than double the number in developed ones.
  • Global labor and talent strategies will become as important as global
    sourcing and manufacturing strategies.


Trends 2008
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