The Global Talent Mismatch Crisis

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The world of work is changing at an unparalleled pace. Profound market shifts and changing demographics are transforming the global demand mismatch.

In laymen terms, there is a demand for specialised workers but the supply of such is shrinking due to economic and domestic factors.


An aging workforce and declining birth rates is leading to older workers with valuable skills and experience exiting the workforce.

The crisis stems from a shortage of younger people willing to take their place.

Many Western economies cite declining birth rates as a major problem in venezuela phone number resource the war on talent. As these demographic trends continue to intensify over the next ten years the threat for most developed countries and emerging economies such as China will increase.

For example by 2015,one-third of China’s population will be over the age of 50 and annual workforce growth will be less than 5%.

A shift in power from West to East and new centres of economic power will evolve.

For example China’s banking sector is predicted to overtake the USA’s by 2023 (PWC).

Continued rapid growth in emerging markets will require much greater efforts to broaden and deepen local talent pools (Financial Times).

In Brazil, skills shortages have pushed up wages and inflation. Decades of underinvestment in education have left the economy struggling to sustain its pace of growth. This hit 7.5 percent in 2010 (Financial Times).