• Demand will be biggest for highly educated professionals, technicians and managers. Professionals will be in particularly high demand in the trade, transportation and communications industries in developing nations.
• In the next two decades, demand for professionals in manufacturing will peak at more than 10 percent in developing countries, exceeding 4 percent across all countries sampled. (Labor-demand growth rates are compounded annually.)
• Health care research and development alone will generate enormous demand for skilled labor worldwide.
• Employees without critical knowledge and technical skills will be left behind.

• Introduce strategic workforce planning to address imbalances between labor supply and demand.
• Ease migration to attract the right talent globally.
• Foster "brain circulation" to mitigate brain drain.
• Increase employability by advancing technological literacy and cross-cultural learning skills.
• Develop a talent "trellis" by focusing on horizontal and vertical career and education paths.
• Encourage temporary and virtual mobility to access required skills easily.
• Extend the pool by tapping women, older professionals, the disadvantaged and immigrants.

Related On-demand Webcast

• Addressing the Engineering Knowledge Vacuum

Related Links

• The Boston Consulting Group
• The World Economic Forum

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