"People are the key to success in any business and in any industry", someone said famously...
- What if one day there are not enough quality people in the market?
- What if your top performers leave and available high potentials choose to work for someone else?
If you want to be successful beyond 2030, you obviously need to make sure you keep your organization attractive for top talent.
How are you going to do this?
With daily headlines on how robots and artificial intelligence are making their way into a growing number of industries, a looming talent shortage may be hard to see now but new Korn Ferry research reveals that it is already a major issue and shortages of skilled talent will continue to impede growth. If not addressed, it could have a significant impact on major Asia Pacific (APAC) economies by 2030. Companies must work to mitigate this potential talent crisis now to protect their future. Left to run its course, this shortage will severely impact the growth of markets across Asia Pacific, with an imminent talent deficit of more than 12.3 million workers by 2020, rising to a shortage of 47.0 million workers and $4.238 trillion in unrealised annual revenue across the region at 2030.