Global Talent Market Quarterly - 2013 Q2
The global economy remains stuck in low gear, with ongoing uncertainties in the Eurozone and U.S. and a slowdown in activity in emerging economies in 2012. Employers worldwide are still hesitant to add workers in the face of substantial economic headwinds. The worst effects are in the EMEA region, as the Eurozone and many of its members continue to experience historically high unemployment, and recession is projected to continue through 2013 in several markets. Despite the broad-based weakness, however, several labour markets are holding up surprisingly well. The global outlook for 2013 is for slow growth driven by renewed acceleration in emerging markets, while many developed nations will still struggle to generate momentum.
As the world of work continues to evolve, workers and businesses alike are embracing these changes with new technologies, new processes, and new attitudes about employment. A recent study of global companies has found a direct correlation between highly successful people management capabilities and financial performance. Forward-looking organisations increasingly need to understand how they can best leverage their talent and capitalise on workforce trends in order to drive business success.