Having 20 years experience in career, organizational and business development in 40+ countries, I can tell you that the world of work is going through some dramatic changes right now. Companies and organizations worldwide recognize they must expand outside their borders if they want to survive, but must do so with less resources. International assignments (and their compensation packages) are being redefined to minimize costs while meeting staffing needs overseas. A complex and dynamic global economic climate means things change quickly and organizations must be able to adapt and respond accordingly.
Current career and talent management strategies no longer work
Despite widespread unemployment, there are incredible skill shortages and an unmet demand for talent worldwide. This is leaving companies unable to fill positions necessary to drive growth outside their borders and capitalize on opportunities in new and emerging markets. Organizations are trying numerous strategies to attract and retain their talent while developing their global competencies. And yet we have high jobless rates and reports showing that 30+% of expat professionals and executives are actively looking for new jobs while abroad and a third of them leave their company within a year of returning home.
Why is there a disconnect between the supply of and demand for talent?
One of the reasons is because career and talent management strategies effective even a few years ago are not working in today's global employment climate.







