This Week's Herman Trend Alert

Reskilling the World

  The Herman Trend Alert

June 20, 2007

Global War for Talent

Employers worldwide are stressed. They're challenged to find, engage, and retain the skilled workers they need to manufacture their products and serve their customers. Some companies have had mission-critical jobs open for more than a year. One hospital has been looking for a physician for three years. Consultant Ira Wolfe's "Perfect Labor Storm" is here.

What's behind this "storm" is a combination of years of low birthrates in the developed countries with unprecedented global prosperity and shortages of trained workers. Complicating this difficult situation is the competency deficit and a lack of leadership. When the schools are not adequately preparing young people for work or college and employers haven't been training their next generation of workers, it is a set-up for disaster.

In some countries, notably Mexico and China, the productivity simply isn't there. According to fellow futurist Edward Gordon, "the productivity of China's workers is only 14 percent of their United States counterparts." When Joyce spoke at the first Human Capital Conference in Japan, back in 2000, the VP HR for Intel Asia complained that his productivity was one-third that of their US operations.

And the wages in both India and China are growing exponentially. According to a study by the World Bank, titled "Global Economic Prospects 2007", real wages in China appreciated a whopping 110 percent between 1989 and 2004.

Advancing technologies address some of these deficits, but they only increase the demand for more highly skilled workers---in short supply. Offshore, though we find the schools in India, Germany, and elsewhere doing better at job-preparation, the training is insufficient to meet the increasing demand. Going forward, retaining and engaging top talent (being an Employer of Choice(R)) will be the global strategic competitive advantage.

Not surprisingly, Singapore-based Universal Network Intelligence has engaged Joyce to deliver a two-day workshop on Advanced Talent Engagement in early August. Different from the domestic Employee Retention Specialist™ Certificate Program (, this customized learning experience will include numerous case studies of multinationals operating in Asia. Visit or contact Ashley Koh at

This global tightening of the labor marketplace is only the beginning.

© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or To sign up, visit The Herman Trend Alert is a trademark of The Herman Group, Inc."

We can help you attract and retain the top talent you seek. It's all about creating an employee-centered culture. No matter how much employee turnover you have, we can help you reduce the bleeding and drive more profit. Call Joyce at 336.210.3548 for your no-obligation strategy session.

Versatile translator provides services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. Also editing and proofreading of all kinds of Spanish language documents. 5-year Bachelor Degree in Translation. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at or contact her on SKYPE at marianacampora.

Why is financial wellness the most sought-after new employee benefit? Why? Because financial stress is pervasive and painful. Now, you can help your employees be healthier by reducing that financial stress. Award-winning Best Money Moves will help you increase retention and productivity and thus enjoy better health outcomes. Call 847-242-0550 for a free trial TODAY.

To read this Herman Trend Alert on the web:

Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Click here to sign up for the Herman Trend Alert.

Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts


[ Home · About · Products · Resources · Media ]


7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3547
Toll Free in US & Canada: 800-227-3566

  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.