Q2 2017

Global Talent Market Quarterly

A wide variety of indicators are pointing towards solid global economic expansion in 2017, with worldwide GDP growth expected to reach 3.0% (up from 2.5% in 2016). The recovery process in Brazil and Russia, strength in APAC, and modest growth in the US and Eurozone will offset impacts from slowdowns in the UK and China. As economic growth spurs healthy employment trends, labor markets around the world continue to tighten, although in many markets the elevated demand for talent has yet to spur significant wage growth.

While around half of women worldwide are not in the labor force, a comprehensive new study by the ILO found that many of them would like to engage in some form of paid work. However, many challenges still exist for women in the workplace—with work/ family balance at or near the top of the list in every region. At the same time, other top concerns—such as lack of affordable care, unequal pay, and unfair treatment at work—vary by geography.

The human cloud is a popular buzzword these days, but what does it really mean for talent and talent managers? While much of the talk about the human cloud focuses on ride-sharing platforms such as Uber & Lyft, it is far more extensive than these popular apps. The human cloud spans different types of work models and labor relationships between employers and free agent talent. And as free agent talent continues to become a more critical part of the workforce, knowing how best to find, engage, and manage that talent is becoming more imperative.

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