Anybody with half an eye on the recruitment news will know that we’re suffering from a talent shortage. What you may not know is that it’s not confined to the West. Outsourcing for cheaper labour and higher efficiency has always been a solution for thrifty employers, but the increased competition caused by globalisation has put an end to this quick fix culture. Talent pools are drying up all over the world, so it’s key to know where to tap.
A ‘Global Talent Shortage 2012 Survey’ conducted the research behind these explorations, with Japan taking the unfortunate top spot for hiring difficulties. 81% of employers reported a struggle to find new employees, so this is certainly an area of the world to avoid. Brazil, one of the fastest growing economies in the world, is having a surprising set of problems. Although it’s a natural hot spot for western companies looking for expansion, 71% of Brazilian employers are finding it hard to fill their own spots, let alone those of international position. An alarming fact is that Google, one of the most sought after companies to work for, had 39 unfilled positions in Brazil (August 2012).
Eastern Europe has been revealed and leveraged as outsourcing potential, meaning the commonly tapped Bulgaria and Romania are now looking less attractive. If you’re intent on using Eastern Europeans, consider looking towards Slovakia and the Czech Republic who have very low talent shortage problems.
Greece, Spain and Ireland are very good options in terms of finding the right candidate; but they won’t offer the same cut price wages that many employers search for in their outsourcing. In fact Ireland sits at a respectable bottom of the table, with only 2% of employers reporting hiring difficulties. The populace are well educated and are English speaking, so Ireland may be next on your list of targeted overseas hiring.