Who moved my talent cheese? Where has the talent pool gone?

By 2021 there is expected large global shifts in talent pools. Many of the developed countries will experience a significant decline in available and skilled talent. Many of the developing countries will have a surplus talent pool. Many recruiting organizations will be forced to think more strategically about how and where to find and recruit needed talent in new areas of the world.

The Oxford Economics Global Talent 2021 did extensive research on "How the new geography of talent will transform HR strategies".

 

Will supply meet demand?

Developing nations understand that as technology changes rapidly and diffuses

readily, sustained investments in education and training can pay off by helping young

workers in their countries become critical players in future waves of innovation.

There is no ironclad rule mandating that areas like the Silicon Valley in the US

will be the only home of future innovation and job creation, as nations like China

and India invest in industries ranging from life sciences to renewable energy and

space exploration. In fact, eight of the top 10 countries likely to boast the largest

talent surpluses a decade from now will be in the developing world, led by India,

Indonesia, Colombia and South Africa. Even though these countries are expected

to experience robust economic growth, more skilled workers will be produced than
job opportunities will appear.

With the digital divide now operating in reverse, the South, rather than the North,

could become the major source of technical talent a decade from now. Moreover,
as the flow of capital and technology becomes increasingly frictionless across the
world, centers of innovation and product development are likely to spring up in
previously unheralded regions.