Global Recruitment Markets Heating up Again
According to Keith Dugdale, global recruiter for the professional services giant KPMG, global recruitment markets are recovering. Dugdale went on to explain that recruiters face a recurring challenge: to make sure the correct talent is in the right place at the right time.
"The signs are that in a number of countries market conditions are picking up, so recruitment is accelerating as well," he said. "We have moved from a point when recruitment had fallen off the agenda as a key strategic issue to it being central again."
Dugdale highlighted emerging economies like India, which have come out of the recession rapidly but now face different challenges. India has recently experienced a period of massive growth, with markets growing by 30%. This has resulted in the Indian economy needing a constant supply of fresh talent. However, due to the rapid nature of India's growth, companies are looking for skilled experienced workers as well as graduates, who are in short supply.
This is in polar opposite to China, another booming economy. Rather than having too many graduates, China struggles to recruit graduate talent. Part of the problem is that graduates from other countries are reluctant to up sticks and move due to the recession and are much more cautious when considering international assignments.
For large multi-national organisations such as Oracle that employ thousands of people worldwide in 145 countries, in roles such as project manager jobs, this shortage of talent can cause a major headache. Dugdale said that to safeguard growth and subsequent economic recovery, people needed to get into the mindset of talking about global labour markets again and the global movement of talent.
"Once confidence returns to the market again we're going to see much more mobility of labour and I think it's going to be inflows and outflows again," he predicted. "The UK might lose people to Australia or India but it will gain people from New Zealand, Pakistan, Bangladesh and the Gulf States,"
For companies such as Oracle, a key recruitment strategy is to promote Oracle jobs to graduates and students all around the world. Oracle has a well established and prestigious graduate development scheme where one of its key selling points allowing graduates the opportunity to work in exciting new locations abroad. This helps to ensure talent is distributed across all of Oracle's worldwide offices.