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Collaborating to Fill Skills Gaps

Human Resource Executive (03/09/12) Michael O’Brien

A report by the World Economic Forum and the Mercer consultancy calls talent mobility “much more than” just international assignments. All private and public entities must work together on talent-mobility initiatives to smooth the economic recovery, according to the study. “Talent mobility is an enabler for private companies, governments, academic institutions, and non-governmental organizations to close skills gaps and remedy talent shortages while also moving more people to employability and employment,” according to the report Talent Mobility Good Practices: Collaboration at the Core of Driving Economic Growth.

The Mercer/World Economic Forum report notes that “talent-mobility practices can effectively boost labor supply, stimulate labor demand, or better equilibrate supply and demand through changes in the cost or quantity of labor—all of which lead to growth.”