Advertising
Advertising

The Global Skills Market: Understanding Talent Mobility

The Global Skills Market: Understanding Talent Mobility

I had the opportunity to talk to Ian Burke, director at totaljobs.com, about the challenge of skills and labour shortage that the global market is currently facing. Working for totaljobs.com, Ian has a vast experience on what industries are suffering from the skills shortage and how they can overcome this issue. In this article, we are presenting a few very interesting findings that we have discussed and uncovered about the global labour market.

The movement of people due to economic imperatives has been a factor of population change for hundreds of years – but the choices of the merchants, traders and craftsmen of the 17th and 18th centuries are far removed from the analysts, technicians and teachers of the 21st. Newly porous economic borders, with less stringent international labour laws and common markets, combined with the enabling impact of the internet and affordable travel, have encouraged a new age of worldwide talent mobility – creating a truly ‘glocal’ market for desirable skills.

Advertising

A recent survey from the Stepstone Group about workplace ambitions and challenges in the UK found that working close to home was a priority for 63% of the workforce – dropping to only 53% for those aged 18-29. This leaves a substantial proportion, nearly half of the working population of the UK, for whom working abroad is a genuine option to consider. An international study of 200,000 workers, conducted by the Boston Consulting Group, found that, on average, 64% of the world’s working adults would consider taking a job abroad – including 59% of Americans aged 21 – 30. Indeed, in the majority of the nations surveyed, the younger generation proved more likely to put their skills to the test in another country.

Advertising

This professional diaspora amongst the young, often dramatically referred to as a ‘brain drain’, is now a global phenomenon, albeit a historic one. From the post-war European scientists of the 1940s and 50s, to India’s educated middle classes in the 60s and 70s, our ever-increasing talent mobility is enabling whole new generations to seek their fortunes in climes more conducive to their professional advancement. In Israel, for example, where emigrating retains some historic social stigma, the cost of living and the scarcity of graduate roles has led to 7% of the population living abroad. Across Africa’s emerging economies, emigration has been large enough to turn the negative impact of the brain drain on its head – a report by the World Bank suggested that expats actually boost trade for their home nation, creating up to $2,100 a year in exports per person.

Advertising

Whilst the uncertain impact of talent mobility may be a stumbling block for smaller or emerging markets, is it a significant challenge for more developed nations? In the West, the narrative around talent mobility is thoroughly confused – alarmist headlines about calamitous brain drains conflict with statistics about the huge competition for graduate roles and that the workforces of the US and the UK are, as identified by the BCG survey, some of the most unlikely to work abroad of any developed nation. Despite this reluctance, the migrant professionals that arrive to balance out any departing graduates are often stigmatised for filling key roles – simply put, we cannot decide whether global talent mobility is a good or bad thing.

But this contradictory narrative about talent mobility is indicative of another phenomenon. It’s a confusion that is happening between the convulsing fault lines of our national economies – as our workforces tectonically shift from a closed, localised and top-down model to one that is both open, international and driven by everyone. Talent mobility, empowered by technology, can offer nations, communities and individuals a variety of economic trajectories – and it’s up to each and every one of us to choose where we land.

Featured photo credit: Wolrd Map – Abstract Acrylic by Nicolas Raymond via flickr.com

Advertising

More by this author

5 Ways to Get a Better Deal When Buying a Used Car 5 Places To Move In The UK What Does Santa Get Up To On Christmas Eve? Festive Hacks to Organise Your Home for Christmas Tips to Improve Your Memory in an Age of Digital Amnesia

Trending in Work

1 20 Inspiring Vision Statement Examples (2019 Updated) 2 How to Quit Your Unfulfilling Job and Lead Your Dream Career 3 8 Critical Skills for Workplace Success and Career Advancement 4 How to Find Work Motivation When You’re Unfulfilled at Work 5 The Ultimate Work Skills List to Help You Change Careers

Read Next

Advertising
Advertising
Advertising

Last Updated on March 12, 2019

20 Inspiring Vision Statement Examples (2019 Updated)

20 Inspiring Vision Statement Examples (2019 Updated)

There is normally a lengthy list of things you need to consider when starting a business, and if you don’t manage them properly, your excitement can quickly turn into overwhelm. What can support you to stay inspired and on the right track when starting out? You guessed it: this is your vision statement.

What Is a Vision Statement?

A vision statement is like a photograph of your future business, which gives your business shape and direction.

A vision statement provides the direction and describes what the founder wants the organization to achieve in the future; it’s more about the “what” of a business. It is different from a mission statement, which describes the purpose of an organization and more about the “how” of a business.

If you were to take a photo of your future business now, what would it look like? What do you want your business to be recognized for one day?

You need to have a crystal clear vision when you start out, otherwise you can get easily lost in deciding the best way forward. When you are making strategic decisions for your business and even daily operation decisions, your vision statement will give you the inspiration and targeted direction you need.

The Importance of a Vision Statement

Without a vision statement, your business will lack motivation to keep going.

If you don’t aim for anything, you might not hit anything. The more specific and clear you are, the better your chances are at seeing your vision turn into reality.

The importance of a vision statement cannot be overlooked; not only does it provide long term direction and guidance, but it also gives you the inspiration and the necessary energy to keep going when you feel lost.

Always keep your vision statement alive by revisiting it regularly and communicating your vision with other members of the team, to inspire and motivate them as well.

How to Craft an Inspiring Vision Statement

1. Dream big and use clear language

An inspiring vision statement should inform a clear direction and priorities for the organization, while challenging all the team members to grow together. Based on our expert sources’ advice, we’ve got some great tips for you:

  • Imagine how you want the business to be like in five to ten years.
  • Infuse the business’ values in the statement.
  • Make sure that the statement is implying a clear focus for the business.
  • Write your vision statement in the present tense.
  • Use clear and concise language.
  • Ensure the statement is easily understood.

There are many different types of vision statements and there is no wrong or right way to do it. The most important thing is to resonate with it. It will always inspire you and give you a clear targeted direction.

2. Get inspirations from the successful companies.

Having researched on a number of successful companies’ vision statements, I’ve shortlisted 20 good examples for the new startups:

Short vision statements made up of a few words only:

1. Disney

To make people happy.

2. Oxfam

A just world without poverty.

3. Ikea

To create a better every day life for the many people.

Quantitative statements are based on numbers, quantities:

4. Microsoft

Empower every person and every organization on the planet to achieve more.

    5. Nike

    Bring inspiration and innovation to every athlete* in the world. (*If you have a body, you are an athlete.)

      Qualitative statements are based on qualities that you want to have:

      6. Ford

      People working together as a lean, global enterprise to make people’s lives better through automotive and mobility leadership.

      7. Avon

      To be the company that best understands and satisfies the product, service and self-fulfillment needs of women—globally.

      Competitor based statements – this type is becoming less common, but famous examples are:

      8. Honda – in 1970

      We will destroy Yamaha.

      9. Nike – in 1960s

      Crush Adidas.

        10. Philip Morris – in 1950s

        Knock off RJR as the number one tobacco  company in the world.

        Role Model Vision Statements – using another company as an example:

        11. Stanford University – in the past

        To become the Harvard of the West.

        12. Reach for Success – in the past

        To become the next Tony Robbins in self development.

        Internal Transformations vision statements:

        13. Apple

        To produce high-quality, low cost, easy to use products that incorporate high technology for the individual.

        14. Giro Sport Design

        To make sure that riding is the best part of a great life.

        15. Tesla

        To accelerate the world’s transition to sustainable energy.

        16. Sony

        To be a company that inspires and fulfills your curiosity.

        17. Facebook

        To give people the power to share and make the world more open and connected.

          Longer and more detailed vision statement:

          18. Walmart

          To give customers a wide assortment of their favorite products, Every Day Low Prices, guaranteed satisfaction, friendly service, convenient hours (24 hours, 7 days a week) and a great online shopping experience.

          Advertising

          19. Coca Cola

          To achieve sustainable growth, we have established a vision with clear goals:

          Profit: Maximizing return to share owners while being mindful of our overall responsibilities.

          People: Being a great place to work where people are inspired to be the best they can be.

          Portfolio: Bringing to the world a portfolio of beverage brands that anticipate and satisfy peoples; desires and needs.

          Partners: Nurturing a winning network of partners and building mutual loyalty.

          Planet: Being a responsible global citizen that makes a difference.

            20. Heinz

            Our VISION, quite simply, is to be: “The World’s Premier Food Company, Offering Nutritious, Superior Tasting Foods To People Everywhere.” Being the premier food company does not mean being the biggest but it does mean being the best in terms of consumer value, customer service, employee talent, and consistent and predictable growth.

            The Bottom Line

            Remember, always keep your vision statement up-to-date to direct your company’s actions.

            Remember, once you reach your vision, it needs to be changed. General Motors overtook Ford as #1 automotive company in the world because once Ford’s goal was reached, they never updated it.

            Keep your vision statement alive and visibly in front of you, revisit it and let it help direct your actions and activities. This is the fun part: this is where you get to dream really big and allow your imagination to fly as high as you want.

            Don’t hold back, let your creative juices flow and give yourself permission to explore what is possible for your business.

            Advertising

            To your success!

            Read Next