Global Talent Market Quarterly - 2014 Q1
2014 looks to be a modestly better year for the global economy, with growth projected to reach 3.3%. Stronger business and consumer sentiment, particularly in developed countries including the U.S., U.K., and Germany, will help drive the expansion. Growth in emerging markets was well below historical levels in 2013, but is expected to accelerate slightly in 2014.
The healthier economic climate is expected to drive hiring gains in many markets in 2014, but other countries may lag behind in job creation. Labour market conditions will remain very difficult in many Eurozone countries as they struggle to achieve economic growth, while countries as diverse as Australia, India, and Brazil also face challenging employment outlooks.
Human capital is at the top of the list of the most pressing issues facing global organisations today. As the global economy improves, hiring is projected to ramp up and competition for top talent is expected to intensify. In this dynamic and diverse global business environment, smart and successful companies are placing a priority on finding ways to retain, engage, and develop their workforces.