Dive into strategies and trends that define the future of workforce mobility.
Oct 19, 2023
Globalisation has altered the dynamics of modern business, and now, more than ever, talent mobility plays a critical role. At our recent event hosted in collaboration with Reesmarx Global, Oyster®, and GlobalEdgeMarkets, industry experts shared deep insights into the changing HR landscape.
Key Takeaways for Businesses and HR Professionals:
1. Gen Z and Millennials: Not Just the ‘Next’ but the ‘Now’
It is estimated that by 2025, Gen Z and millennials will constitute over 50% of the global workforce. To engage this demographic, businesses will need to focus on a number of key areas, including:
- Flexibility in work arrangements.
- Purpose-driven roles that resonate with personal values and ethos.
- Leveraging technology to streamline operations and enhance efficiency.
2. The True Meaning of Flexibility
Flexibility isn’t a monolithic concept. It isn’t about hopping onto trends but crafting what gels with your firm’s ethos, industry standards, team dynamics, and geographical considerations.
With the recent surge in international remote work and increasing appetite amongst younger workers to pursue the digital nomad life, there is a conflict between what employees want and what employers are actually able to offer. There are many compliance risks, from employment law to tax and permanent establishment to visas and immigration. It is paramount to rigorously review and finalise all details before fully implementing flexible work policies.
3. A Collaborative Ecosystem is the Future
Managing global talent challenges requires a networked approach. Given the multi-faceted requirements of managing a global workforce, teaming up with the best in recruitment, EOR, immigration and wider global mobility can help businesses navigate the complexities of the global landscape.
4. Value of Experience: Gen X and the Boomer Generation
With the rise of Gen Z and Millennials, we have reached a point where Gen X and Boomers are becoming the minority in the workforce. However, their expertise and the value they can add to the younger generation of workers cannot be underestimated. Especially in the realm of global mobility, their contribution remains significant.
5. Blending Innovation with Experience
It isn’t about choosing between the new and the old when steering a global workforce. There’s no magic formula. It demands a judicious blend of innovative techniques and experiential knowledge. Being agile entails harnessing both these facets.
Talent mobility has undoubtedly become a cornerstone of global business strategy. Harnessing insights from events such as our Lunch & Learn session is priceless. Whether you’re a senior executive seeking best practices or an employee yearning for flexible solutions, understanding the current trends and future trajectories in talent mobility is pivotal.
By keeping abreast of these insights and proactively addressing emerging challenges, businesses can position themselves favourably in the competitive market and foster a work environment that’s in tune with how the world continues to progress.
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