How to solve the global tech talent shortage

Global hiring guide predicts global talent shortage of more than 85 million people by 2030

How to solve the global tech talent shortage

On 20 June 2022, Globalization Partners released its Whitepaper, “Global Hiring Guide: Top Emerging Tech Hubs” which found that by 2030 there will be a global talent shortage of more than 85 million people across three broad industries – including technology. Globalization Partner’s whitepaper is based on management consultant firm, Korn Ferry’s extensively researched report which identified that the big issues facing employers now and in the future wasn’t robots taking jobs, but rather not finding enough skilled talent to fill open positions.

This timely whitepaper includes a wide-ranging country-by-country analysis across three top global tech hubs:

  • Africa encompassing Nigeria, South Africa and Mauritius
  • Southeast Asia including Vietnam, Indonesia and The Philippines
  • Latin America covering Mexico, Argentina and Chile.

It noted that if the problem of talent shortages was not addressed it could result in $8.5 trillion in unrealized annual revenues by 2030. The figures and trends emerging were based on the latest of Korn Ferry’s multiyear “Future of Work” series analysis (“Future of Work: The Global Talent Crunch”) which looked at this unexpected talent shortage spanning industries and continents.

The study considered data from talent supply and demand from 20 economies around the world in three categories:

  1. Finance/business services
  2. Technology/media/telecommunications
  3. Manufacturing.

Data projections were based upon forecasts from international labour organisations as well as government statistics from each of the countries studied. Expressing his concern about these findings, the President of Korn Ferry’s Global Industrial Markets practice noted that:

“Governments and organizations must make talent strategy a key priority and take steps now to educate, train, and upskill their existing workforces.”

Globalization Partners’ whitepaper summarises the findings by Korn Ferry and offers solutions for HR teams struggling to find tech talent locally and abroad by suggesting a global recruitment strategy along the following lines:

  • How global growth can help you overcome the tech talent shortage
  • Where to find the top global tech hubs
  • How to secure top tech talent before your competitors

Globalization Partners’ Global Employment Platform offers solutions for HR executives seeking to develop a global tech team quickly and easily. Their employment platform can help you:

  • Minimise global hiring costs
  • Increase time to revenue
  • Gain access to top international talent
  • Mitigate global compliance risk.

Their Global Employment Platform offers busy HR departments solutions to the tech talent shortage.

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