Executive Briefings

Markets of Developing Nations Are Very Attractive, But Lack of Talent Is a Problem

With much of the developed world mired in slow growth and fiscal austerity, many companies find the strong economies and rising incomes of certain emerging markets quite attractive. But there's a catch: talent is increasingly difficult to find and hold onto in such countries as Brazil, Russia, India, and China (BRIC).

And the talent shortage will only worsen over the next decades as multinationals pursue their localization strategies and locally based challengers continue their ambitious expansion.

The shortage applies up and down the ranks of employees, though the challenge for employers takes a slightly different shape in each group. For instance, the numbers of senior leaders may be sufficient, but some may not be fully prepared to cope with the rapid pace of change or the globalizing nature of certain industries.

Severe supply shortages of middle managers abound, and there is considerable turnover at this level, in part because few companies have focused on developing the skills of their middle managers or offering them opportunities.

The best talent (consisting of high performers with high potential) is relatively scarce, as there has been little systematic effort to identify and nurture people in this group.

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Keywords: HR & Labor Management, Business Strategy Alignment, Supply Chain Security & Risk Mgmt, Supply Chain Analysis & Consulting, Global Supply Chain Management, Senior Management, Middle Management, Talent Retention

And the talent shortage will only worsen over the next decades as multinationals pursue their localization strategies and locally based challengers continue their ambitious expansion.

The shortage applies up and down the ranks of employees, though the challenge for employers takes a slightly different shape in each group. For instance, the numbers of senior leaders may be sufficient, but some may not be fully prepared to cope with the rapid pace of change or the globalizing nature of certain industries.

Severe supply shortages of middle managers abound, and there is considerable turnover at this level, in part because few companies have focused on developing the skills of their middle managers or offering them opportunities.

The best talent (consisting of high performers with high potential) is relatively scarce, as there has been little systematic effort to identify and nurture people in this group.

Read Full Article


Keywords: HR & Labor Management, Business Strategy Alignment, Supply Chain Security & Risk Mgmt, Supply Chain Analysis & Consulting, Global Supply Chain Management, Senior Management, Middle Management, Talent Retention