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The World in 2050: Talent Mobility and the Future of Jobs

Businesses and governments around the world are beginning to come to terms with the new reality of the post-financial crisis era. In response to the excesses leading to the crisis, today there is a primary emphasis on constraints, not growth—e.g., reductions in government spending, postponed corporate expansion, stagnant or declining hiring, and slowing growth in the Far East coupled with little growth in the EU and US. At the same time, there is a critical need to unleash growth, to leverage emerging trends in technology, market needs, and society to expand enterprise and economic opportunity. Success in breaking through to a new wave of growth and prosperity will depend increasingly on human and social capital. In turn, a new, global burst of innovation and entrepreneurship will require a deep pool of highly skilled, creative, inclusive, risk taking individuals and communities.

Given the essential role of human capital in the coming expansion, a global war for talent is beginning and will intensify. At the heart of this competition are three issues:

Skill Gaps

Almost 200 million people around the world (40 million of which are in the advanced economies alone) are unemployed. Yet global businesses are struggling with jobs that remain vacant. Seventy five million of these unemployed are youth.The inability to fill jobs despite massive unemployment is not only due to geographic imbalances in demand and supply, but also due to large skill gaps between the needs of the industry and the output of the education systems.

Technology Development

Advances in technology, especially Information Technology, will continue to disrupt societies in the coming years. Cloud, mobile technology, social networks and collaboration technologies, and big data provide almost infinite computing, storage, and bandwidth at very low cost. This has increased the amount of innovation in every sector and aspect of our lives. These developments are redefining jobs of the future and with it, the talent needed for the future.

Change in Demographics

Emerging economies like India and China are increasingly becoming magnets for talent while advanced economies like Japan, the EU and the U.S. are facing the challenges of an aging workforce. The most direct impact of the widespread aging around the globe is that regional and national economies that depend on a largely static local workforce will be challenged, as the local population ages out of the working economy.

“Talent Mobility for the 21st Century” is an article written by Kris Gopalakrishnan. The excerpts and ideas here were published for the G20 magazine edited by Ana C. Rold.




















Ana C. Rold
Editor-In-Chief
Diplomatic Courier
HE Manuel Sager
Ambassador of Switzerland
to the United States
David Chavern
Chief Operations Officer
U.S. Chamber of Commerce
Ambassador Stuart Holliday
President and CEO
Meridian International Center
Fumbi Chima
VP of Global Technology Services and Strategic Partnerships
Wal-Mart
Surya Kant
President, North America, UK & Europe
Tata Consultancy Services
Stephan Vincent-Lancrin
Senior Analyst
OECD
Larry Quinlan
Global Chief Information Officer
Deloitte
Wayne Scholes
Chief Executive Officer
Red Touch Media
Karenann Terrell
EVP & Chief Information Officer
Wal-Mart
Steve Currall
Dean, School of Business
UC Davis
Gary Beach
Publisher Emeritus
CIO Magazine
Guillermo Fernandez de la Garza
Executive Director
FUMEC
Dr. Heidi Kleinbach-Sauter
Senior Vice President, Global Foods
PepsiCo
John Ruff
Former President
Institute of Food Technologists
Elisa Villanueva Beard
Co-CEO
Teach For America
Lucian Tarnowski
Founder and CEO
BraveNew Talent
Michael Norris
Chief Operating Officer and Market President
Sodexo, Inc.

8:30 AM
Welcome & Introductions
Ana C. Rold
8:45 AM
Morning Keynote
David Chavern
9:35 AM - 10:45 AM
PANEL I: Changing Demographics
 
Panelists:
  • Stephan Vincent-Lancrin
  • Michael Norris
  • Surya Kant
 
Moderator:
  • Ambassador Stuart Holliday
11:00 AM - 12:30 PM
PANEL II: Technology Developments
 
Panelists:
  • Karenann Terrell
  • Larry Quinlan
  • Steve Currall
  • John Ruff
 
Moderator:
  • Wayne Scholes
12:45 PM
Luncheon Keynote
Ambassador Manuel Sager
11:00 AM - 12:30 PM
PANEL III: Skill Gaps
 
Panelists:
  • Dr. Heidi Kleinbach-Sauter
  • Elisa Villanueva Beard
  • Guillermo Fernandez de la Garza
  • Lucian Tarnowski
 
Moderator:
  • Gary Beach

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